Licensee - Newcastle Upon Tyne
- Recruiter
- Star Pubs
- Location
- Newcastle Upon Tyne, Tyne and Wear
- Salary
- Business Opportunity
- Posted
- 16 Nov 2016
- Closes
- 12 Dec 2016
- Ref
- North Terrace Newcastle
- Sector
- Bar & Pub jobs, Pub Tenancy
North Terrace - Newcastle Upon Tyne
Ingoing Costs: TBC
Annual Rent: TBC
Annual Turnover: TBA
Pub Overview
COMING SOON! The North Terrace is located on the edge on Newcastle city centre and only a short walk to the famous St. James Park football ground. Also situated a short walk from the pub are Newcastle University and the Royal Victoria Hospital.
The pub is situated in an affluent area of the city and is jointly supported by the locals who live in the area and a strong student following during term time.
The North Terrace has a built a strong cask ale reputation over the years and also enjoys a strong football following with the close proximity to the football ground. The pub has the opportunity to really be brought up to date with a robust food and coffee offering which can be supported by Star Pubs & Bars.
The North Terrace is a great local's pub and needs to focus on this style of operation with an introduction of a food offering and other potential income streams such as coffee and wifi. A calendar of entertainment events and a focus around pub teams and games is important when engaging with the wider community living locally to the pub.
There is potential for a refurbishment at the North Terrace and this can be discussed when meeting the Business Development Manager and will be dependent on the applicant.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of one bedroom, lounge, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Important information
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.