tenancy
Philadelphia, Houghton le Spring, Tyne and Wear DH4 4JG, UK
Approx. Total Ingoings
£13,350Annual Rent
£21,500The Philadelphia is situated on a main road with significant levels of passing trade and is the hub of the local community. With a large dining lounge, a games room and a well-equipped trade kitchen, there is fantastic scope to develop a great pub business. To the front of the pub, there is a large external trading area that has recently been upgraded to a high standard. The pub would benefit from an experienced publican who can develop a strong food menu and can not only interact with the existing customer base, but also develop lasting relationships with new customers.
Private Accommodation: To the front of the pub is a decked area, seating approximately 40 covers and is a great social attraction during the warmer weather. Adjacent to this is an enclosed play area with seating for parents, enabling them to have a well-deserved drink or two whilst the children play safely. There are car parking facilities for around 10 to 15 vehicles.
Indoor trading area
Internally the pub consists of a lounge which is primarily used as a dining area, and a separate games area utilised mainly as a popular meeting and socialising space, with pub games and televised sports. An L-shaped lounge bar features international brands and services all areas. There is a fully functioning and suitable trade kitchen capable of producing the required menu for this pub.
Outdoor trading area
To the front of the pub is a decked area, seating approximately 40 covers and is a great social attraction during the warmer weather. Adjacent to this is an enclosed play area with seating for parents, enabling them to have a well-deserved drink or two whilst the children play safely. There are car parking facilities for around 10 to 15 vehicles.
Regional Manager Comments
The Philadelphia is great community pub with a strong wet and food trade. There is a fantastic opportunity to develop the food side of the pub business, with a traditional pub menu. I am seeking an experienced publican, preferably with local knowledge and a good grounding in catering.
Retail Partnership Tenancy
Beer Garden Private Accommodation Parking Cask Ale
Approx. Total Ingoings
£13,350
Annual Rent
£21,500
Potential Turnover: £302,000 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: £21,500 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: £13,350 (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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