Dewdrop

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Catering Kitchen

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Team Games

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Pool Area

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Live Sports

Open seven days a week, the Dewdrop is the only pub located on the estate. It provides an abundance of community spirit and a warm and friendly welcome to the locals that pop by on a daily basis, regular visitors from the surrounding towns, or those just popping by to support their favourite bands. It is a family and dog-friendly pub that sees a steady stream of customers, particularly during the late afternoon and early evening periods. It is home to a pool team that plays every Tuesday evening, hosts live music and bands, quiz nights, and a variety of occasional and seasonal events.

The Dewdrop is looking for new tenants immediately, and it would suit a hands-on operator who will immerse themselves in community life in Twydall. The pub is available on a standard 5-year tenancy agreement, but the landlords will also consider applicants that may be interested in taking on either a tenancy at will or a 1-year agreement with a flexible rental structure, negotiable ingoing costs, and additional business support as required.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please note that the Energy Performance Certificate is available from the landlord.

Estimated capital requirements:

• Trading deposit £5,000
• Contract deposit (Refundable on day of change) £500
• Maintenance scheme (Plus monthly payments of £50) £1,000
• Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker) £12,500
• Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £2,000
• Training deposit (£500 Refundable on completion of training) £1,000
• Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
• Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC

Working capital £2,000
Total estimated ingoing charges £24,000
Minimal capital considered £10,000

A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.

Fixed Rental Structure:

• Year 1   £24,440
• Year 2   £25,220
• Year 3   £26,104
• Year 4   £27,040
• Year 5   £28,080

This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act’ 1954 Part II. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.