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Beer Garden
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External Drinking Area
FindMyPub.com
Car Park
Property details
Located in the middle of a large estate in Kenton, close to Goforth, Newcastle. The pub benefits from a huge number of adults with no other pub nearby, with 3,937 people within a 10-minute walk and 13,362 within 20 minutes. The customer base is predominantly mid-affluent and over 35 years old. The pub is key to the estate and close to bus stops.
The pub's trading area and facilities post-refurbishment will be:
- Main trading area with a bar
- 95 internal covers
- 24 external covers
- Catering kitchen
- SmartDispense
- Small garden
- Car park with 25 spaces
The private accommodation consists of three bedrooms, a lounge, a kitchen, and a bathroom.
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
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Team Games
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Pool Area
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Experienced Operator
Trading style
A major refurbishment investment of around £225,000 is planned to transform The Peacock into a quality local pub with food, sport and entertainment at its heart, perfect for its residential setting.
The landlords are carrying out a full refurbishment of all rooms and toilets, redeveloping the kitchen, and updating the exterior with new signage and repairs to the fascia and roofline. Once complete, it will offer family pub favourites, Heineken UK drinks, coffee pod service, and a strong rhythm of the week, including quizzes and live sport.
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 Peacock will have extensive experience in community-led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer, and sports offer, 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 / 0070162101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£16,692.00
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Annual Rent:
£26,248.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware that energy performance certificates are available from the landlord.
Annual:
Estimated Annual Turnover £431,950
Annual Rent £26,248
Entry Costs:
Deposit £6,562
Estimated Fixtures & Fittings Value £22,000
Stock Valuation £6,630
Working Capital Required £3,500
Indicative entry costs £38,692
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.