Pub Overview
The Watering Trough is located in the market town of Walsall, close to Walsall railway station. The pub is surrounded by retail and commercial premises and retail parks.
The pub benefits from being in a large, densely populated town with over 8900 adults. The main customer base is predominantly from the town centre circuit trade and those looking for weekend entertainment. The pub also benefits from midweek local trade.
Available on our foundation tenancy agreement. The potential of this pub lies in introducing a well thought through food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via its selection of beers, ciders, wines, and spirits. This is a late-night venue that drives weekend entertainment through live music and pub games.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food offer to support the drinking trade and a marketing strategy that creates a memorable experience for their customers.
The experienced operator will need to have the flair and skill to organize events, music & live entertainment, as well as good social media & marketing skills to promote the offer. The main development opportunity at this site lies in developing a suitable food offer to support wet sales.
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
* Private Accommodation
* Catering Kitchen
* Pub Games
* Smoking Area
Trading Area & Facilities
* Late night venue
* Weekend entertainment
* Bar area and separate area for entertainment
* Small kitchen area that could be utilized
* Outdoor drinks patio
* Pool table
* Public parking nearby
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and office.
Pub Financials
Estimated Total Ingoing Costs: £32,213
Estimated Minimum Ingoing Costs: £9,738
Annual Rent: £14,850
Estimated Annual Turnover: £326,683
Deposit: £3,713
Estimated Fixtures & Fittings Value: £20,000
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.
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
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