Pub Overview
The area
The Horse & Jockey is located in the town of Wednesbury, close to Wolverhampton and 10 miles from Birmingham. The pub is situated on a busy main road near a retail park, M6 motorway junction, and town centre. The area is highly populated and is surrounded by mixed housing.
Demographics
The pub benefits from being one of 11 pubs found in an area of around 7046 adults. The main customer base is made up of adults with no children and adults with families.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in developing a well-thought-out food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, darts, and its function room. It offers a selection of popular beers, ciders, wines, spirits, and a pub classic menu.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:
1. Understanding of the local community
2. Knowledge of what it takes to build a successful business
3. Passion for hospitality and great customer service
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
Features
* Foundation Tenancy
* Outdoor Trade
* Car Park
* Function Room
* Catering Kitchen
* Private Accommodation
Trading Area & Facilities
* Main trading area with bar
* Separate lounge
* 70 internal covers in bar and lounge
* 40 external covers
* Catering kitchen
* Upstairs function room
* SmartDispense
* Beer terrace
* Car park
Private Accommodation
Private accommodation consists of 3 bedrooms over two floors, kitchen, bathroom, and office.
Pub Financials
Estimated Total Ingoing Costs: £38,375
Estimated Minimum Ingoing Costs: £15,125
Annual Rent: £19,500
Estimated Annual Turnover: £387,181
Deposit: £4,875
Estimated Fixtures & Fittings Value: £20,000
Estimated Stock Valuation: £10,000
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 fees, premises license fee, F&F valuation fee, and till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, and 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. In order to ensure a successful start-up, all applicants must have a minimum of £10,000 un-borrowed funds.
Downloads
* Demographics Report
* Energy Performance Certificate
#J-18808-Ljbffr