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Beer Garden
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External Drinking Area
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Car Park
FindMyPub.com
Restaurant/Dining
Property details
The landlords are investing in a full refurbishment of The Red Kite, a pub in Winlaton Mill, Gateshead, ideally situated to attract both locals and visitors. This unique location backs onto a popular country walk and faces a busy main road, with little nearby competition. With a strong local population and easy access to a broader demographic.
The pub trading area and facilities post-refurbishment will be:
- Main trading area with a bar
- 90 internal covers
- 40 external covers
- Catering kitchen
- Smart Dispense
- Large Beer garden
- Car park with 17 spaces
The private accommodation consists of three bedrooms, a lounge, a kitchen, and a bathroom.
FindMyPub.com
Catering Kitchen
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Live Entertainment
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Experienced Operator
Trading style
An exciting refurbishment investment of around £160,000 is planned to upgrade The Red Kite. This traditional pub, with its emphasis on quality food and drink, is set to become a favourite destination for diners, day visitors, and locals.
The Red Kite has the potential to become a destination food pub offering. a premium drinks selection, including cask ales, premium ales, lagers, an extensive wine list, and Great coffee to entice customers throughout the day. With an entertainment package including Acoustic music and local events, with the potential to host in the outdoor area.
The Red Kite offers a promising opportunity for an experienced food-focused licensee or chef patron.
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 Red Kite will have extensive experience in a similar hospitality business. They will have a clear vision for their food and drinks menu and 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 / 0070364101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£41,982.00
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Annual Rent:
£43,733.00
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.
Annual:
Estimated Annual Turnover £703,427
Annual Rent £43,733
Entry Costs:
Deposit £10,933
Estimated Fixtures & Fittings Value £16,549
Stock Valuation £11,000
Working Capital Required £3,500
Indicative entry costs £41,982
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.