tenancy
Walford Road, Ross-on-Wye, Herefordshire HR9 5AP, UK
Approx. Total Ingoings
£15,500Annual Rent
£20,000The Prince of Wales is a handsome, detached public house at the top of the beautiful market town of Ross-on-Wye, situated on the edge of the Forest of Dean and the rolling Herefordshire countryside. The large trading area accommodates over 80 covers spread over three distinct sections, an extensive beer garden and large car park. The market town of Ross has over 12,000 residents within a two-mile radius of the pub, and the site also benefits from the many tourists brought to the area by the Forest of Dean and the River Wye. We require an experienced food-led operator to take the reins of this established business.
Private Accommodation: Three-bed managers flat on the first floor in need of decoration but plenty of space for a family to put its mark on the accommodation.
Indoor trading area
This business is a two room operation, which was refurbished in June 2017 and has a pleasing combination of modern and traditional finishes. The main lounge to the front of the property is the heart of the pub and has a very fine fitted back bar servery. This spacious trading area holds monthly live music acts, open mic and quiz nights, as well as providing a casual space for approximately 50 drinkers and diners. To the rear of the pub is the restaurant or function room area that leads onto a fully equipped catering kitchen.
Outdoor trading area
With central steps up to a small patio to the front of the property, this first outdoor trading space is eye-catching to passing trade and can accommodate around ten covers. To the rear is a substantial gravel car park with space for around 20 vehicles. Adjacent to this is a large, lawned beer garden furnished with picnic tables which provides a lovely spot to enjoy a drink or a bite to eat in fine weather.
Regional Manager Comments
This pub attracts a mixture of regular drinkers and diners of all ages. With a designated restaurant and fully equipped kitchen, there is significant scope to develop the existing food offering. This is an ideal opportunity for a publican with experience of a food led business and a passion for meeting the needs of the local market by delivering great pub food at great prices.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£15,500
Annual Rent
£20,000
Potential Turnover: £360,000 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.
Introductory Rent: £20,000 per annum, payable weekly in advance.
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £30,000 per annum.
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: £15,500 (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: £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.
