tenancy
101 Pinchbeck Road, Spalding, Lincolnshire PE11 1QL, UK
Approx. Total Ingoings
£9,750Annual Rent
£21,000The Royal Mail is a delightful pub situated in the market town of Spalding, with surroundings of residential housing and local attractions. The pub itself has a lot to offer with two bars, a sports area, a large restaurant with carvery facilities and an extensive beer garden. Stonegate Pub Partners are seeking an experienced publican, ideally someone with a food led background who can continue the success of the restaurant and those who visit for the good quality pub food. The new publican should also look to market the pub effectively to drive trade, with its great location on route in and out of the town centre.
Private Accommodation: There is a delightful, covered terrace to the rear of the pub which offers seating for 40 customers. There is also a beer garden to the side of the car park, with picnic bench seating which guests can utilise in the summer months for alfresco drinking. There is the addition of a convenient onsite car park which has space for 30 vehicles.
Indoor trading area
The Royal Mail is a delightful pub situated in the market town of Spalding, with surroundings of residential housing and local attractions. The pub itself has a lot to offer with two bars, a sports area, a large restaurant with carvery facilities and an extensive beer garden. Stonegate Pub Partners are seeking an experienced publican, ideally someone with a food led background who can continue the success of the restaurant and those who visit for the good quality pub food. The new publican should also look to market the pub effectively to drive trade, with its great location on route in and out of the town centre.
Outdoor trading area
There is a delightful, covered terrace to the rear of the pub which offers seating for 40 customers. There is also a beer garden to the side of the car park, with picnic bench seating which guests can utilise in the summer months for alfresco drinking. There is the addition of a convenient onsite car park which has space for 30 vehicles.
Regional Manager Comments
The Royal Mail is a great pub that would benefit from an experienced publican, preferably with a food led background who can utilise the pubs facilities and drive trade. The new publican should also look to market the pub to attract the passing trade, whilst maintaining the established local custom.
Retail Partnership Tenancy
Live Music Private Accommodation Cask Ale Live Sports
Approx. Total Ingoings
£9,750
Annual Rent
£21,000
Potential Turnover: £285,000 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: £21,000 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: £9,750 (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: £8,000 (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.
