tenancy
Iron Cross, Evesham WR11 8SH, UK
Approx. Total Ingoings
£59,750Annual Rent
£35,000The Queens Head is a delightful detached country property on one of the main routes from Evesham to Alcester approximately five miles from the bustling market town of Evesham. It is a traditional country pub, situated in the 'Vale of Evesham' with two trading areas including a public bar and a lounge/restaurant with a cosy open fireplace. There is the added bonus of five letting rooms, a great opportunity to drive additional revenue. Externally there is an adequately sized beer garden and large car park for customers to make the most of. Stonegate Pub Partners are now seeking an experienced publican looking for their next challenge. The ideal publican will have knowledge and experience with cask ales and food to introduce a new and exciting menu attracting tourists as well as developing the local trade.
Private Accommodation: The private accommodation is well presented and comprises two bedrooms and a lounge area.
Indoor trading area
A charming country bar servery meets you upon entering the property and is perfect to serve both the bar and the restaurant/lounge with approx. 40 covers. The restaurant has a fantastic roaring open fire creating a warm and cosy atmosphere ideal for peaceful winter evenings. There are five deluxe en-suite letting bedrooms situated over the first and second floors which provide an opportunity to develop these whilst amplifying the offer to the tourist market.
Outdoor trading area
There is an enclosed beer garden that leads out from the lounge and restaurant area which has scope to be extended to increase the number of covers, perfect for alfresco dining on warmer days. The pub benefits from a private car park that can accommodate up to 20 vehicles and provides an excellent frontage for advertising and marketing.
Regional Manager Comments
This is a really exciting opportunity for an experienced publican looking for a new challenge. The Queens Head has a good catering kitchen with the potential for an exciting food offering. The fantastic bar specialising in cask ales, is complimented by its lovely spacious lounge area as well as ample outdoor space to be enjoyed during the summer months. There is a tremendous amount of potential here to be utilised by the right publican.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£59,750
Annual Rent
£35,000
Potential Turnover: £321,000 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: £35,000 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: £59,750 (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: £20,000 (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.
