tenancy
179A Kirkway, Middleton, Manchester, Greater Manchester M24 1LW, UK
Approx. Total Ingoings
£13,250Annual Rent
£33,000The Thornberries is a well-supported community pub, located in Alkrington and surrounding by housing. It is well positioned on a busy road adjacent to the local shopping precinct. The pub has been very well maintained over the years and the internal décor is modern and contemporary. With a large dining area, impressive clay pizza oven, small function room and the possibility of hosting marquees at the rear of the pub, the Thornberries is able to cater for all the requirements of the local community. This is a great opportunity for the right publican to revitalise this business.
Private Accommodation: The nicely presented private accommodation comprises a living room, kitchen and three bedrooms.
Indoor trading area
Upon entering the pub you will find a small bar area to the right and a dining area with space for approximately 50 covers to the left. This extensive area has a raised seating section and a further room to the rear of the property hosts the impressive clay pizza oven. This wonderful attraction is perfect for late night snacks and is regularly a feature point at functions and events. The rear dining room can accommodate approximately a further 30 covers and can also be utilised as a small meeting room.
Outdoor trading area
Externally the Thornberries has a benched drinking area to the front and also an extensive gravelled area to the rear. The rear area is currently used for marquees and hosts a number of celebrations but the potential to develop this into an extensive rear garden exists. The car park is able to accommodate approximately 15 vehicles.
Regional Manager Comments
With a large dining area equipped with a clay pizza oven, an extremely popular marquee and regular entertainment events this prominent pub is the hub of the local social calendar and we are looking for a publican who is able to understand the future needs of this business. The Thornberries provides an exciting opportunity to drive an already thriving business towards further success by capitalising on the different revenue streams available.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Function Room
Approx. Total Ingoings
£13,250
Annual Rent
£33,000
Potential Turnover: £584,000 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: £33,000 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: £13,250 (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: £25,000 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
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.
