FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
Function Room
FindMyPub.com
No Private Accomodation
Property details
O’Cannons is located on the vibrant High Street of affluent Low Fell, Gateshead. The area is a very affluent suburban location with great communication links to Gateshead and Newcastle city centre. The pub benefits from being one of 15 pubs in an area with around 21,895 adults within a 20-minute walk. The surrounding housing is a mix of young and mature households. O’Cannons sits on the popular Low Fell pub circuit, close to Newcastle and the local college.
O’Cannons will be undergoing a refurbishment, which will cover the interior and exterior of the pub.
The pub’s trading area and facilities post-refurbishment will be:
Main trading area with bar:
- Function room
- 69 internal covers
- 51 external covers
- HEINEKEN SmartDispense
- Beer garden
There is no private accommodation with this site.
FindMyPub.com
Experienced Operator
Trading style
O’Cannons offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
This investment will include a full refurbishment and repositioning of all rooms and toilets, new signage, a repaint of the ground floor, full window repairs, and a renovated beer garden. The aim is to drive the pub away from low-price dynamic pricing and into a sustainable, quality offer.
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 O’Cannons will have extensive experience in high-street hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer, 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
-
Reference Number:
8M9JTW / 0020436101
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£40,303.00
-
Annual Rent:
£25,434.00
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 Rent £25,434
Estimated Annual Turnover £470,750
Deposit £6,358
Estimated Fixtures & Fittings Value £24,000
Estimated Stock Valuation £6,445
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £40,303
Estimated Minimum Ingoing Costs £40,303
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.