tenancy
Colebrook Road, Plympton, Plymouth PL7 4AA, UK
Approx. Total Ingoings
£10,500Annual Rent
£22,500An 18th century coaching inn, the Colebrook Inn is located in a desirable village that sits within the suburbs of Plymouth. Surrounded by a number of large industrial estates, the pub is well supported by the community and finding a new publican who can build relationships is vital in enabling the pub's progress. Utilising the two-bar operation and in particular the restaurant through development of the food menu is a must in order to attract a wider customer base. The Colebrook Inn is an ideal venture for publicans with strong local knowledge and some catering experience.
Private Accommodation: The private accommodation comprises three double bedrooms, one with its own en-suite, a lounge with feature fireplace, office space, kitchen, and bathroom. All spacious and in good decorative order.
Indoor trading area
The Colebrook Inn is a two-bar operation with the potential to utilise one area for dining. The main bar has an ‘olde worlde’ feel and seats 25 to 35 covers with room for a pool table and darts area. The bar is split level with windows to the front and rear, and two feature fireplaces add to the bar's cosy feel. Bar two is a little more modern with approximately 30 covers available and has been used as a restaurant in the past. It has a large picture window to the front and a small bar servery to the rear. The fixtures and fittings are of a good standard with both sofas and loose seating, though the décor could benefit from some modernisation. The trade kitchen is of a reasonable size and there is a preparation area alongside. It is equipped with a commercial cooker, grill, extractor, fridges and stainless-steel tables.
Outdoor trading area
Being a roadside location, the pub has a terraced garden to the rear, accessed via an external staircase and furnished with metal garden furniture, there is space for approximately 20 people. The garden is laid to lawn with shrub borders and, due to its raised position, enjoys the sunshine for most of the day. This is a popular spot in the warmer months.
Regional Manager Comments
The Colebrook Inn requires an experienced operator who excels in developing good relationships within the local community and strives to deliver a satisfying food menu for guests. There is excellent opportunity to increase business potential through development of the current food offer, along with the dining area itself. Accompanied with the feature fireplace, large beer garden and ideal location, the Colebrook Inn provides potential publicans with a wonderful opportunity to move the pub to the next level.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale
Approx. Total Ingoings
£10,500
Annual Rent
£22,500
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: £22,500 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: £10,500 (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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