Pub Overview
Attractive New Deal - BDM support with 50% rent in year one. With lower ingoing costs and high discount on draught beers, the right operator will help us bring our vision to life and create the best community pub in the area.
Prominent, main road pub in the picturesque village of Tean.
The area
The White Hart is located in the village of Tean, close to Stoke on Trent. The pub is surrounded by shops, food and retail outlets and mixed housing.
The pub benefits from being one of 3 pubs found in an area of around 2312 adults. The diverse customer base is made up of more mature couples, seniors, and families enjoying a rural lifestyle with good transport links to nearby larger towns.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in introducing a competitive 80/20, wet/dry food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a selection of pub games, such as pool and darts, and live entertainment. It offers a selection of cask ales, popular beers, ciders, wines, and spirits. The introduction of a small food offer will help re-establish the pub.
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:
* Understanding of the local community
* Understanding of how to build a successful business
* Ability to engage with customers from behind the bar
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
* Pub Games
* Car Park
* Outdoor Trade
* Private Accommodation
* Foundation Tenancy
* Function Room
Trading Area & Facilities
* Split-level trading area with L-shaped bar
* Pool & darts room
* 40 internal covers
* 20 external covers
* Small catering kitchen
* Function room
* Walled patio area
* Large car park
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and one bedroom currently being used as an office. Where required, there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Pub Financials
Estimated Total Ingoing Costs: £29,837
Estimated Minimum Ingoing Costs: £12,929
Annual Rent: £17,714
Estimated Annual Turnover: £322,890
Deposit: £8,857
Estimated Fixtures & Fittings Value: £12,480
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 Download
* Energy Performance Certificate Download
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