The Station Hotel is located in the town of Bishop Auckland, close to Bishop Auckland train station and Auckland Castle. The pub is surrounded by shops, food and retail outlets and mixed housing. The pub benefits from being one of 8 pubs in an area of around 5,000 adults. The customer base is made up of singles & cohabitees without children, elderly and home sharers.
Available on our foundation tenancy agreement. The potential of this pub lies in developing a strong food & drink offer. The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
The right operator for the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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.
Private accommodation consists of 4 bedrooms, kitchen, bathroom, a living room and office. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Estimated Total Ingoing Costs: £40,721
Estimated Minimum Ingoing Costs: £10,769
Annual Rent: £27,222
Estimated Annual Turnover: £434,433
Deposit: £6,806
Estimated Fixtures & Fittings Value: £25,415
Estimated Stock Valuation: £5,000
Estimated Working Capital: £3,500
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 months’ rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months’ 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.
Run a Star Pub - Station Hotel Bishop Auckland - Bishop Auckland • Bishop Auckland, England, GB
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