Drinks: Picture a wide-ranging selection of beverages, including lager, cider, traditional cask as well as a quality selection of spirits and wines to complement the offer.
Food: Delicious, high-quality dishes crafted from locally sourced ingredients and cooked to perfection.
Coffee: Start the day right with a bean-to-cup coffee offering, ensuring a fresh and satisfying brew every time.
Events: Imagine a lively weekly schedule featuring live entertainment and engaging activities to draw in patrons.
This site would be ideal for a multiple operator looking for a new site to add to their portfolio. Also, attitude is more valuable than experience, so if you've got the following, we'd love to hear from you:
* Understanding of the local community
* Previous experience in the retail sector
* You know what it takes to build a successful business
* You love hospitality and are great with customers
Seeking a lucrative pub investment? Situated in Wollaston (Near Stourbridge), The Plough Inn offers a unique advantage with its close proximity to nearly 4,000 residents within a 10-minute walk. Surrounded by a med/high affluence demographic and only facing competition from 4 other pubs nearby, this opportunity is primed for success for the right licensee.
Catering Kitchen
* Car Park
* Outdoor Trade
* Private Accommodation
* Investment Tenancy
* Cask Ale
* Refurbishment Planned
Trading Area & Facilities: The Plough Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads. The pub's trading area and facilities post-refurbishment will be:
* Main bar with central bar servery
* Separate dining room/lounge zones
* 37 internal covers
* 40 external covers
* Good size kitchen
* SmartDispense
* Large garden area
* Car park with 25 spaces
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: Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.
Pub Financials:
* Estimated Total Ingoing Costs: £51,954
* Estimated Minimum Ingoing Costs: £51,954
* Annual Rent: £36,850
* Estimated Annual Turnover: £525,477
* Deposit: £9,213
* Estimated Fixtures & Fittings Value: £34,241
* Estimated Stock Valuation: £5,000
* Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalized 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 finalized at Heads of Terms.
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.
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