tenancy
12-14 Hall Street, Walshaw, Tottington, Bury BL8 3BD, UK
Approx. Total Ingoings
£24,000Annual Rent
£50,000The Victoria Hotel is located in Walshaw, a small village between Bury and Tottington. A well-established multi-faceted business with an excellent reputation as a quality place to dine, or indeed stay in one of the four en-suite bedrooms. The pub has a traditional bar servery, an open-plan lounge for dining, two snug areas and a patio beer garden. The desired publican for the Victoria will be an experienced food operator ideally in the bed and breakfast industry. Attention to detail combined with great levels of service and standards are key to success in this business, as is a warm welcome to the many locals who frequently visit for the pub food and drink and to guests using the letting accommodation. Marketing skills to continue to evolve the business will be an important element in the skill set which also will be required.
Private Accommodation: Large spacious accommodation on two levels consisting of two bedrooms, a bathroom, kitchen-dining area, lounge and office.
Indoor trading area
Everything radiates from a central bar which forms the 'hub' of the interior layout. Facing onto an open-plan lounge, there is a raised decking area specifically designated for dining and provides cover for approximately 48 covers. There are two coal fires at the end of each room which bring character and a warm atmosphere to the pub, particularly in the winter months. Adjacent to the bar are two small snug areas which can provide extra dining space if required. Throughout the pub there is potential for circa 80/90 covers, serviced by a good-sized, well equipped catering kitchen that is central to the success of the business. A unique selling point for the pub comes in the form of four adequate, but comfortable en-suite letting rooms on the first floor of the property. The business is well presented with modern and stylish décor throughout.
Outdoor trading area
A patio beer garden welcomes guests at the front of the pub, with a handful of picnic benches to accommodate approximately 24 covers. To the rear of the building there is a large, enclosed beer garden and a good-sized car park with space for 20 vehicles.
Regional Manager Comments
Established as a great value for money venture within the local community, the Victoria is an amazing business. The facilities this business has to continue to grow include wet trade, food trade, takeaway trade, letting rooms and machine income. Future publicans would do best by targeting the development of the food menu to cater for custom from passing trade and to build on the use of the B&B facilities on site through an extensive marketing plan. The ideal operator will have a background in catering and letting rooms, with panache for marketing sprinkled in to drum up business and take this pub to the next level.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£24,000
Annual Rent
£50,000
Potential Turnover: £0 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: £50,000 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: £24,000 (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: £30,000 (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.
