Property Description
The Royal Dog & Duck, a traditional seaside pub in a tourist hotspot, will undergo a refurbishment project of around £120,000 to cover an internal upgrade and new signage and repaint externally. What else would you do with this pub to make it a success?
The Area
The Royal Dog & Duck is located in the North Yorkshire tourist hotspot of Flamborough. The area attracts a large and increasing number of tourists staying in and around the village or visiting for the day. It also benefits from a mature, stable local population through the winter months. There are 1,657 people living within a 10-minute walk of the pub and four other pubs within a 15-minute walk, with The Ship Flamborough being the closest. The village is the main hub in the immediate area, with accommodation and shops nearby.
The Offer
The Royal Dog & Duck is available on our Investment Tenancy agreement. Click here for more information on our agreements.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Royal Dog & Duck will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
The Royal Dog & Duck will undergo a light refurbishment covering compliance works inside and new signage and repaint externally.
The pub’s trading areas and facilities post-refurbishment will include:
Main trading area with bar
38 Internal covers
56 External covers
Catering Kitchen
HEINEKEN SmartDispense
CarPark
Private accommodation
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, and an office.
Premises license available on request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Live Sports
Pub Games
Outdoor Trade
Parking
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
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My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
