Run a Star Pub - Thirsty Bear Reading - Reading

Job Details

Pub Overview

Well Established Town Centre Site. What would you do with this pub to make it even more of a success?

The area

The Thirsty Bear is located in the town of Reading. The pub is surrounded by shops, food and retails outlets and mixed housing.

Demographics

The pub benefits from being one of 18 pubs found in an area of around 6445 adults. The main customer base is made up of employed adults. The pub is in a high affluence area.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a well thought through food and drinksoffer. What food & drinks would you look to implement in the pub?

The site currently offers a selection of food, popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a food led pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy 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 us what you can bring to this pub’s next chapter...

Features

• Catering Kitchen
  
• Private Accommodation
  
• Foundation Tenancy
  
• Function Room
  

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• 80 internal covers
• 16 external covers
• Large catering kitchen with separate pizza oven counter
• Function room with own bar
• SmartDispense

Private Accommodation

Private accommodation consists of 3 bedrooms, bathroom, a living room, and kitchen.

Pub Financials

Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.

Indicative entry costs range from**:

£15,019 - £54,057

Annual

Estimated Annual Turnover

£728,021

Annual Rent

£54,226

Entry Costs

Deposit
**Deposit build up from 1 month rent

£13,557**

Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available

£30,000**

Stock Valuation

£7,000

Working Capital Required

£3,500

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.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow