tenancy
172 Station Road, Stockton-on-Tees, Billingham TS23 2RH, UK
Approx. Total Ingoings
£8,000Annual Rent
£20,000The Station Hotel is a large community local pub which offers the tourists and residents of Billingham a place to socialise and relax with a wide range of quality drinks on offer. This pub comes alive in the evenings and weekends by hosting live entertainment, karaoke and it is also home to pool teams. There are six well-maintained letting rooms which present a great opportunity for business development. This is a popular and busy local community pub offering potential to develop food, functions and letting income streams. Stonegate Pub Partners are now seeking either a new starter or experienced retailer who can maximise the assets of the pub attracting new customers and maintaining the relationships already built.
Private Accommodation: The large living space comprises three bedrooms, a large lounge, kitchen and bathroom all of which are decorated to a high standard.
Indoor trading area
The trading area consists of a good sized, one room operation with a large traditional bar; this area is in good decorative order and has space for 100 covers. The pub hosts traditional pub games including pool, darts and dominoes, perfect for the local sports enthusiasts and local pub teams. The quality fixtures and fittings are in good condition throughout, with a raised seating area which is mainly used for dining or live entertainment, which is well-established at the Station Hotel. The catering kitchen is well-equipped and capable of providing a quality home cooked food offering which could be developed further. The pub also has six well-maintained letting rooms located over two floors, with shared bathrooms on each floor. Perfect for generating a second income into the business.
Outdoor trading area
The pub has a roped off area with wooden benches to the front of the building, which is currently utilised as a smoking solution. There is a small, grassed area to the right of the pub that is used in the summer as a beer garden. The car park is located to the rear of property with CCTV and space for 30 vehicles.
Regional Manager Comments
Due to the Station's excellent location the trade benefits from a high level of footfall, but also has a loyal customer base from the local residents who enjoy traditional pub games and the community atmosphere. The letting rooms are predominantly occupied by contractors working on one of the many industrial estates on Teesside and provide a profitable additional income to the business. The new publican should maximise each income stream to attract new customers.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£8,000
Annual Rent
£20,000
Potential Turnover: £361,000 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: £20,000 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: £8,000 (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: £12,000 (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.
