Pub Overview The Mill Tavern is located in the town of Hebburn, close to Newcastle Upon Tyne.
The pub is surrounded by residential housing.
The pub benefits from being one of 2 pubs found in an area of around 3,000 adults.
The customer base is made up of mature couples and homeowners.
Available on our foundation tenancy agreement.
Click here for more information on this agreement .
The potential of this pub lies in developing a strong food & drinksoffer.
What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts.
It offers a selection of a pub classic menu, a popular carvery, and popular beers, ciders, wines and spirits.
We're always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience.
If you've got the following, we'd love to hear from you.
Understanding of the local community Understanding of how to build a successful business Ability to engage with customers from behind the bar 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...
Features Catering Kitchen Foundation Tenancy Outdoor Trade Private Accommodation Trading Area & Facilities Large trading area with horseshoe bar 80 internal covers 30 external covers Catering kitchen SmartDispense Beer Garden Car park Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £78,740 Estimated Minimum Ingoing Costs £15,923 Annual Rent £38,321 Estimated Annual Turnover £635,041 Deposit £9,580 Estimated Fixtures & Fittings Value £56,430 Estimated Stock Valuation £9,230 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 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.
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