01283 501999

Scotia

The Scotia, Mile End Road, South Shields NE33 1TS, UK
Initial Ingoings* :
£3,750
Rent:
£270 PW
Facilities
  • Live Sports
  • Wifi

Overview

Looking to run a pub?

Could you run this pub? The Scotia is a traditional high street value pub in South Shields town centre, it sits within the heart of the drinking circuit and is also just five minutes from the sea front. It’s now available on a Tenancy with Punch and a great opportunity for a publican with a strong personality, used to working with a loud and sometimes lively crowd.

Business facilities

This opportunity is a typical traditional small drinking venue, it’s a one room drinking venue which sits on two levels, with a bar area for socialising in the daytime and evening.

 Refurbishment

The Scotia will have a newly decorated interior, and be in good condition.

Accommodation

The pub has no accommodation on site.

The local area

South Shields is a seaside town, just under four miles from Newcastle. The town is home to Marsden Beach alongside and is local to tourist attractions including the Roman Fort Museum, the South Shields Museum & Art Gallery, Royal Quays Marina. The Scotia is a town centre pub within the drinking circuit and just five minutes from the sea front.

This pub may suit

An operator who is experienced town centre bars who knows how to manage a city centre bar. Knowledge of introducing a cask offer could be beneficial as this may be a future opportunity for the business.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager

 

Business Information

Initial Deposit*
£3,000
Legal Fees
£750
Weekly Rent
£270
Working Capital
£2,000 - £4,000
Maintenance Fund Per Week
£40
Forecasted Annual Wet Turnover
£260,485
Weighted Average Discount Per Barrel
£181
Street Check
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