Beer Garden
External Drinking Area
Function Room
Car Park
Restaurant/Dining
Property details
The Spread Eagle is located in the village of Preston, close to Tynemouth. The pub is surrounded by mixed housing. The pub benefits from being one of 3 pubs found in an area of around 4,000 adults. The customer base is made up of elderly couples, older residents, and single renters.
Internally there is a main trading area with a bar, smartdispense, function room, separate dining room, and a catering kitchen.
Externally there is an outdoor area and a car park.
The private accommodation details are to be confirmed.
Catering Kitchen
Experienced Operator
Trading style
The potential of this pub lies in maintaining a strong food and drink offer. What food and drinks would you look to implement in the pub? It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and cask ales.
If you’ve benefited from running or owning a pub business, the landlords would 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 and 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 the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 0070482101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£17,153.00
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Annual Rent:
£48,642.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £48,642
Estimated Annual Turnover £680,995
Deposit £12,161
Estimated Fixtures & Fittings Value £15,000
Estimated Stock Valuation £9,599
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £40,260
Estimated Minimum Ingoing Costs £17,153
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.