Pub Overview The area The Travellers Rest is located in the village of Witton Gilbert, close to Durham city.
The pub is surrounded by mixed housing.
Demographics The pub benefits from being one of 2 pubs found in an area of around 1,000 adults.
The customer base is made up of couples, elderly and professional families.
The offer Available on our foundation tenancy agreement.
Click here for more information on this agreement .
The potential of this pub lies in maintaining 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 and pub games machines.
It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and cask ales.
We're always open to new ideas, what would you do to drive trade?
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 pub will have extensive experience in a destination food outlet hospitality business.
They will have a clear vision for their food & drinks menu, 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...
Features Catering Kitchen Foundation Tenancy Function Room Car Park Outdoor Trade Private Accommodation Trading Area & Facilities Main trading area with bar Separate dining room 90 internal covers Catering kitchen Function room SmartDispense Outdoor trade Car park Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £53,127 Estimated Minimum Ingoing Costs £18,761 Annual Rent £45,129 Estimated Annual Turnover £744,486 Deposit £11,282 Estimated Fixtures & Fittings Value £26,845 Estimated Stock Valuation £11,500 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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