tenancy
36 Higherland, Newcastle-under-Lyme, Newcastle, Staffordshire ST5 2TG, UK
Approx. Total Ingoings
£7,500Annual Rent
£12,000The Sneyd is a local community pub located on a main road into Newcastle Under Lyne with a strong following from the locals, who visit the pub for its fantastic wet offer. Historically the Sneyd has been well supported with football, darts and dominoes teams along with a golf society, this is something the new publican should look to re-establish to drive further trade. The pub consists of two key trading areas; the public bar which offers pub games including pool and darts and the second is a lounge bar, which offers plenty of seating and could act as an ideal space for dining. Stonegate Pub Partners are now looking for an experienced publican who can develop a suitable food offer to increase footfall. Another additional revenue stream would be the introduction of live music and entertainment which would complement the community atmosphere the Sneyd Arms is known for. This is a great pub with lots of potential, suitable for a driven publican who can make the most of this fantastic opportunity.
Private Accommodation: The private accommodation is well presented and comprises of three double bedrooms, one large living room which has open doors onto a roof top garden, a kitchen, one bathroom plus two other rooms which are currently used for storage and washing.
Indoor trading area
This pub has two separate trading areas, each with its own dedicated bar. The first is a comfortable L-shaped lounge which is carpeted throughout. A mixture of fixed and loose furniture provides plenty of seating with ample standing room at the bar. The second is a games room with pool table and darts board. It is the cosier of the two with wooden flooring and dark green furnishings. Between the two rooms the pub can accommodate around 100 covers. There is the facility to offer a basic pub menu which would work well in the lounge.
Outdoor trading area
For those visiting from further afield there is a small car park located to the side of the pub which has space for 10 vehicles. There is also a designated smoking area to the rear.
Regional Manager Comments
The Sneyd Arms has a loyal following during the day from regulars who have been visiting the pub for a number of years due to the fantastic wet offer. There is an excellent opportunity here for the new publican to develop a suitable food offer to increase trade. Another additional revenue stream could be put in place by introducing live music and entertainment which would complement the community atmosphere the Sneyd Arms is known for. This is an excellent pub, suitable for an experienced publican to really make the most of a great opportunity.
Retail Partnership Tenancy
Private Accommodation
Approx. Total Ingoings
£7,500
Annual Rent
£12,000
Potential Turnover: £265,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £12,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £7,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £10,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
