Beer Garden
External Drinking Area
Car Park
Restaurant/Dining
Property details
The Gate is located in the Framwellgate Moor area of Durham City. The pub is surrounded by mixed housing. The pub benefits from being one of 4 pubs found in an area of around 3,000 adults. The customer base is made up of home sharers, singles, and mature adults.
Internally there is the main trading area with a bar and 66 internal covers, a catering kitchen, and smart dispense.
Externally there is a garden and a car park with 12 spaces.
The private accommodation details are to be confirmed.
Catering Kitchen
Live Entertainment
Live Sports
Trading style
The potential of this pub lies in developing a strong food and drink offer. What food and drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, and a selection of pub games, such as pool, darts, and live entertainment. It offers a selection of a pub classic menu and coffees.
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 pub will have extensive experience in the community-led hospitality business. They will have a clear vision for their food and 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
-
Reference Number:
8M9JTW / 2302622101
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£13,577.00
-
Annual Rent:
£24,926.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £24,926
Estimated Annual Turnover £413,057
Deposit £6,232
Estimated Fixtures & Fittings Value £76,070
Estimated Stock Valuation £8,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £93,802
Estimated Minimum Ingoing Costs £13,577
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.