Pub Overview
The Woodman’s Arms is a fantastic opportunity for a food-focused operator who is looking to take their own site. The Woodman’s Arms is having an interior refurbishment and new signage having recently had other exterior features refurbished.
The area
Located on Rayleigh Road, The Woodman’s Arms is situated in a prominent position, in a busy residential area. There are 3720 people living within a 10-minute walk of the Woodman’s Arms. The local demographic features a high mix of families with steady incomes and mature couples which lends itself to the pub developing a profitable food offer.
Currently, this great pub is frequented by many locals who visit for the fantastic food and broad range of drinks including cask ales. As there is a large outdoor area attached to the pub, there are great opportunities for al fresco dining and BBQ days.
The offer
The Woodman’s Arms is available on our investment tenancy agreement. The potential of this pub lies in developing a well-thought-out food & drink offer.
The pub should look to offer a wide range of drinks, including lagers, cask ale, ciders, spirits, wines, and some cocktails along with a great range of soft drinks and low & no options. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience.
A straightforward coffee offer could be put in place to help widen the appeal of the pub towards those looking for something other than a cold drink.
The pub will offer live sports and music, DJ sets, or karaoke. These events will create a vibrant atmosphere and will drive a healthy rhythm of the week.
Features
* Car Park
* Cask Ale
* Catering Kitchen
* Investment Tenancy
* Live Sports
* Music Venue
* Outdoor Trade
* Private Accommodation
* Refurbishment Planned
Trading Area & Facilities
The Woodman’s Arms will be undergoing a refurbishment which will cover the interior of the pub plus new signage. 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 trading area with bar
* 72 internal covers
* 60 external covers
* Catering kitchen
* Car Parking for about 15 cars
* Patioed external seating
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.
Pub Financials
Estimated Total Ingoing Costs: £27,250
Estimated Minimum Ingoing Costs: £27,250
Annual Rent: £35,401
Estimated Annual Turnover: £498,820
Deposit: £8,850
Estimated Fixtures & Fittings Value: £11,300
Estimated Stock Valuation: £3,600
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.
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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' rent will be required for operators trading under a Limited Company with no Guarantors.
Downloads
* Demographics Report
* Energy Performance Certificate
* Refurbishment Details
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