Restaurant/Dining
Property details
The Jubilee Garage is a mid-terraced site in the middle of Bourne High Street. Bourne is a market town in Lincolnshire. It is 11 miles from Stamford and 12 miles from Spalding and 17 miles from Peterborough. It’s got a good population of circa 17,000.
This is an incredible pub that is highly bric-a-bracked with a garage theme as the pub was historically a garage – it is a must-see. The reason for this theming is that Bourne has a long relationship with motor racing, notable by Raymond Mays had his business there and was a famous driver in his day.
The trading area in this site is split over two floors with a central staircase from the middle of the building. Upstairs there is another small bar which is formed from an old VW campervan. There is a well-equipped commercial catering kitchen.
The private accommodation details are to be confirmed.
Cask Ale
Catering Kitchen
Free of Tie
Team Games
Pool Area
Live Entertainment
Live Sports
Experienced Operator
Trading style
Currently the site trades from early afternoon mid-week and all day Saturday and Sunday. There is an opportunity to trade the site for breakfast from earlier in the morning and for the site to have a more chameleon-style operation.
The pub currently does live sports and live entertainment on a weekend. There is a well-established rhythm of the week, but there’s an opportunity to build this further.
This site is a great opportunity for someone to put their mark on the offer, whether that be changing the menu to something unique, doing cocktails, or developing the sports trade further.
The landlords are looking for someone who has a unique vision for this site. Ideally, this site would suit someone with High Street experience who knows how to provide something for everyone in the area and give the pub a USP aside from the fantastic décor. Ideally, you’ll need to understand how to run a successful chameleon-style operation, so understanding catering and the night-time economy is essential. Pub specific experience is not essential, but hospitality experience is a must. This pub would suit a multiple operator who wants to add a great bar to their portfolio.
Pub partners are required to have PEAT and can demonstrate proof of funding, which ideally should be unborrowed.
Where applicants haven’t previously run their own leased and tenanted pub the landlords would like them to use a nominated accountant/stocktaker and for the first year to have open-book accounting so they can help their new Pub Partners avoid the pitfalls of running their own business and more to the point to help ensure the long-term financial success of their business. You bring the flare, and they will support you in running a business.
The landlords see their relationship with their Pub Partners as being exactly that – a partnership. You will have a dedicated Operations Manager, who will be with you regularly to work with you to build and develop your trade. They will provide everything from bi-monthly marketing guides with ideas to help generate trade, to enhanced pricing from key suppliers, as you will have the opportunity to benefit from their buying power. You will never be alone running your business.
Key financials
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Reference Number:
5WIGFQ / RCPC-PE10
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Agreement Type:
Lease
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Min Ingoing Cost:
£23,000.00
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Annual Rent:
£52,000.00
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.
Length of Tenure: Ten Years
Agreement type: FOT Lease
Rent: £52,000
Ingoings: £23,000
Re Ingoings –
Deposit £13,000.
Working capital £10,000.