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Beer Garden
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External Drinking Area
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Function Room
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Car Park
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Coastal
Property details
The Milbourne Arms is located in the village of Hollywell in Whitley Bay. The pub is surrounded by some local businesses and mixed housing. The pub benefits from being one of 3 pubs found in an area of around 1,295 adults within a 10-minute walk. The Milbourne Arms customer base is made up of mature and midlife adults.
Trading Area & Facilities:
- Main trading area with a bar
- Large beer garden & separate courtyard area
- 90 internal covers within the main building & sports bar
- 60 external covers
- Catering kitchen
- Stable Bar acts as a separate Function room if required
- SmartDispense
- Car park with 8 spaces
Private accommodation consists of 3 bedrooms, an office, a living room, a kitchen, bathroom
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Catering Kitchen
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Team Games
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Pool Area
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Live Entertainment
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Live Sports
Trading style
The potential of this pub lies in maintaining a food & drinks offer. The site currently has the ability to drive trade via live entertainment and live sports. It offers a selection of pub classics menu, a popular carvery, and popular beers, ciders, wines and spirits.
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 a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment 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 / 0070143101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£13,280.00
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Annual Rent:
£28,571.00
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 £28,571
Estimated Annual Turnover £515,032
Deposit £7,142
Estimated Fixtures & Fittings Value £40,000
Estimated Stock Valuation £7,400
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £58,042
Estimated Minimum Ingoing Costs £13,280
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.