Britannia Inn

FindMyPub.com
Catering Kitchen

The Britannia is a classic example of a tourist-led, destination dining site with an established seasonal trade that picks up between Easter and October each year. It opens from 10 am daily, providing its customers with breakfast and lunch menus packed full of freshly made dishes, with the ever-favourite ‘Fish & Chips’ as the best seller! Boasting extensive outside space, the pub is family and dog friendly with its very own café & ice-cream counter, where visitors flock when the Railway train arrives on the hour between 10 am and 4 pm daily.

The Britannia is on the market for the first time in over nine years, and it has the potential to be available immediately for the right applicants on either the traditional tenancy model or a partnership agreement. This site presents a rare chance to create a landmark, dining destination business in a distinct setting, so it is looking for a passionate, hands-on operator with a strong food vision, who can unlock the full potential of this site and re-establish it as a must-visit venue in the area.

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) £15,000
• Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £2,500
• 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 £5,000
Total estimated ingoing charges £30,000
Minimal capital considered £15,000

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    £44,720
• Year 2   £46,020
• Year 3   £47,424
• Year 4   £48,880
• Year 5   £50,440

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.