Business Opportunity - Licensee Wanted for The Brewers Arms, Berwick-Upon-Tweed

Location
TD15 1BH, Berwick-upon-Tweed
Salary
Business Opportunity
Posted
10 Sep 2017
Closes
10 Oct 2017

Business Opportunity - Licensee Wanted for The Brewers Arms, Berwick-Upon-Tweed

PUB OVERVIEW

Well established busy successful pub in Berwick-Upon-Tweed ready for a full refurbishment.

The Brewers is known as the busiest pub in Berwick. It has been successfully run for some years and is now ready for a full refurb and a new tenant. The refurbishment will be to all main areas and will be completely transformational, to appeal to even more of the locals and tourists who visit the town.

BUSINESS INFORMATION

Entry cost from: £40,425

Annual rent: £39,000 per annum plus 9% Turnover Royalty

Agreement Tenancy – Turnover Tenancy

Type of Tie: Partial tie: Tied All Beer, All Cider & Minerals

LOCATION

Berwick is just 3 miles from the Scottish border and is a bustling town which due to its location benefits from tourism. Both day trippers and those staying in the many local camping and caravan sites all make this a particularly busy town in summer. The Brewers has a superb location on the main street inside the towns famous Elizabethan walls.

CURRENT PREMISES LICENCE OPENING HOURS

Sunday to Thursday 09:00hrs- 00:30:00hrs Friday to Saturday 09:00hrs- 01:30:00hrs ]

TRADE SPACE

The Brewers has one large bar which runs the length of the building out to a walled beer garden to the rear. The toilets, kitchens and tenants accommodation are accessed from the first floor.

PRIVATE ACCOMMODATION

There is a flat set over 2 floors with a kitchen, living room, bathroom on the first floor level, and two bedrooms on the 2nd Floor

FINANCIAL INFORMATION

Approx £40,425 with the Fixtures and Fittings costs reflecting 25% of the cost of Fixtures and Fittings, which would be required upfront. The rest of the sum can be paid via our assisted purchase agreement.

ESTIMATING TURNOVER

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. Calculators to help you are available on the business planning section of our website.

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