Letting Details

Description and Trading Style

One public and one saloon bar community house. There is a good atmosphere and the pub is well supported by the local community. Currently there is a karaoke on a Monday night and a singer /DJ on a Friday night. There is no food offer.

Location and Local Amenities

The pub is situated on the edge of Barking town centre and close to the shops and train station. The pub is also near the town hall and tube station.

Accommodation

Trade: 2 large bars, WC's, cellar, car park and patio areas.
Private: kitchen, sitting room, 3 double bedrooms, office, bathroom and WC.

Current and Future Markets

This pub draws in the community including local shop keepers, market traders and office workers. The pub tends to be busy from 3pm with workers.

Requirements

We are looking for an experienced team with the ability to trade in East London. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £9,000 to include a security deposit (3 months of base rent), rent advance, stock, glassware and loose goods, training deposit. Fixtures & fittings are circa £12,500 and working capital is circa £5,000.

2013 2014 2015 To 2016
Draught Beer and Cider (36 gallon units) 288.80 284.19 272.22 227.67
The pub is currently free of tie on wines, spirits and minerals.

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.

Guide Rent

£21,000 per annum payable fortnightly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year renewable tenancy agreement with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.

Rateable value

Please contact the local authority to find out actual rates payable.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises. Please check with the council for other provisions.

Permitted hours

Mon-Thurs: 11am-11pm; Fri & Sat: 11am - midnight; Sun: 12 noon - 10.30pm.

Current Offerings

Garden / Patio
Watch Sports
Family friendly
Disabled access 

Current Opening Times