Star Pubs Leased & Tenancy
Location
Wednesbury, West Midlands | United Kingdom
Job description
Pub Overview
Community focused The Queens Head is in Wednesbury, a market town in Sandwell in the county of West Midlands. The pub itself is situated in a busy residential area. In the town, there are no other pubs with a strong food offering, meaning there is a gap in the market for the Queens Head status as a premium local pub with great food.
A pub business with potential
The planned refurbishment will create an all-new reason to visit the pub with it's brilliant outdoor space. These changes will give the pub the ability to appeal to a broad spectrum of consumers, throughout the year, who want to meet friends for a drink or to dine. This pub has bags of potential. All we are looking for is the right operator…
Features - Refurbishment Planned
- Catering Kitchen
- Childrens Play Area
- Car Park
- Outdoor Trade
- Private Accommodation
- Investment Tenancy
Trading Area & Facilities The newly refurbished Queens Head will appeal to
- Locals, including couples and friends wanting to enjoy a casual drink or premium pub food.
- Older couples and friends looking for a lunchtime treat and a venue for special occasions.
- Families with children looking to eat in the cosy dining area or in the beer garden in warmer months.
Offer: - When refurbished, the Queens Head will offer A great premium drinks selection including beers, ciders, wines and spirits.
- A destination food-offer sourced locally.
- Great coffee to entice customers throughout the day.
- Entertainment such as weekly music combined with a good and varied rhythm of the week
Private Accommodation Private accommodation: Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Pub Financials Annual Rent £
28,980
Estimated Annual Turnover £
480,083
Deposit £
7,245
Estimated Fixtures & Fittings Value £
18,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
33,745
Estimated Minimum Ingoing Costs £
33,745
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.
Job tags
Salary
