tenancy
519 Ringwood Road, Ferndown BH22 9AQ, UK
Approx. Total Ingoings
£8,000Annual Rent
£22,000Situated in the centre of Ferndown the White Heather occupies a prominent position and is popular within the community. Boasting two entrances, one just off the main road to the front and another close to the large car park at the rear, the pub also benefits from a beautiful beer garden. Internally, the trading area is open plan with a centrally located L-shaped wooden bar servery. Throughout all areas the pub is well-presented with modern décor and a mixture of furniture including wooden tables and chairs, bar stools and more comfortable seating where customers can relax with a drink; 60 covers in total can be accommodated. There is a strong sports offering with both Sky and BT Sport broadcast on flat screen TVs. A games area is located at one end of the room with a pool table, table football, dart board and AWPs. The White Heather is a popular venue for live music featuring mainly pop tribute bands with occasional rock music. There is a fully-equipped trade kitchen that is ready to deliver a suitable food offer. Due to the community sports feel a hand held snack menu or traditional pub menu would work well here.
Private Accommodation: The private accommodation comprises of three bedrooms, a lounge, kitchen and bathroom, all in a good state of decoration.
Indoor trading area
A large open plan room with a mixture of wooden flooring and carpeted areas throughout, the property is in fantastic condition and has a modern feel to it. There are plenty of bar stools as well as large areas for vertical drinkers. The whole area is served by an L-shaped bar that has a generous amount of scope for marketing materials and ample shelf space. To one end of the trade area is a games section with two pool tables that both have plenty of room around them for watching the games. Further to this there is a dart board with an oche and several gaming machines. There is a small raised area that is carpeted and can cater for up to 15 people with a large screen for sports viewing. The entire trading area is very well laid out to support regular live music events. The well-equipped trade kitchen is ready to support a snack menu or even a traditional pub menu.
Outdoor trading area
To the side of the pub is a raised patio with an incorporated smoking solution and wooden bench seating for 20 customers to relax with a drink. There are also several picnic style benches at the front of the pub. A large car park to the rear accommodates 20 vehicles; it is also utilised by the businesses next to the pub.
Regional Manager Comments
The current customer base is varied and includes residents from the local area and workers from the nearby industrial estate. Live music and entertainment is extremely popular, together with live sports and pub games such as darts and pool; the pub currently has teams in both leagues. There is potential to introduce a snack menu to attract new trade from further afield. Due to this being a high volume operation, we are looking for an experienced wet-led operator. As the new publican you will ideally have previous experience of running successful pub games and a varied entertainment schedule.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Live Sports
Approx. Total Ingoings
£8,000
Annual Rent
£22,000
Potential Turnover: £341,000 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: £22,000 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: £10,000 (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.
