tenancy
High Street, Coedpoeth, Wrexham LL11 3RY, UK
Approx. Total Ingoings
£6,750Annual Rent
£11,000The Cross Foxes is located at the centre of the village of Coedpoeth, approximately five miles to the west of Wrexham on A483. It stands astride the A525 Wrexham to Ruthin road, which provides access north through the picturesque countryside to the A55 North Wales express route. The village is surrounded by countryside with views through to Cheshire and the Clywedog Valley. The property benefits from an L shaped bar, lounge bar and first floor function room which is currently not in use. Externally the property boasts a large garden and smoking facility. Private accommodation consists of five double bedrooms, lounge, kitchen and office.
Private Accommodation: Private accommodation consists of five double bedrooms, lounge, kitchen and office. Private kitchen with fitted units, lounge, five double bedrooms and an office.
Indoor trading area
The bar area offers seating for 40 people comprising an ‘L’ shaped servery furnished with tiled flooring, partially wooden panelled wall, exposed beamed ceilings and a feature fireplace. The lounge provides 60 covers with sufficient standing room, there is a TV and a juke box which allows this area to be utilised for functions, sports events and entertainment. The function room is currently not in use, it is located on the first floor with its own bar and offers 40 covers. This needs to be promoted so that it is utilised to its full potential providing an additional revenue stream for this business. To the rear of the lounge is a pool room which has also been used as a children’s play area. In addition, there is a trade kitchen capable of producing a simple pub food menu.
Outdoor trading area
To the rear of the property with access from the lounge bar is an adequately sized, enclosed courtyard with a timber constructed smoking solution. There is a good size beer garden laid to lawn, furnished with six A-frame picnic style benches, a children's play area and has access to a small private yard. Opposite the front of the building is a large car park with space for approximately 25 vehicles. The gazebo is utilised as a smoking solution and seats 12-16 people.
Regional Manager Comments
Currently the business attracts regular local and passing trade off the busy A525. The Cross Foxes is a multi-functioning pub in fantastic condition with a cosy locals bar and large lounge area. The pub benefits from a number of sports teams and is a popular venue for watching live sport. Live bands have proven extremely successful and have become a regular feature. The large beer garden offers huge opportunity to draw additional trade during the summer months. There is a commercial kitchen which is currently underutilised, however is a facility for the new publican to develop a simple food offer. This opportunity would suit either an experienced publican or someone new to the licenced trade with an innovative vision to realise the full potential of this fantastic property.
Beacon Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Function Room
Approx. Total Ingoings
£6,750
Annual Rent
£11,000
Potential Turnover: £245,000 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: £11,000 per annum, payable weekly in advance.
The Proposed Agreement: Beacon 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: £6,750 (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: £15,750 (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.
