tenancy
Fulford Drive, Northampton, Northamptonshire NN2 7NU, UK
Approx. Total Ingoings
£6,000Annual Rent
£8,000The Pioneer is a traditional, wet-led community pub in Northampton. Well-presented throughout, the pub has two separate bar areas. The sports bar has a strong following from games teams for pool, darts and skittles as well as those who visit to watch the live sports shown. The pub has a trade kitchen which currently is not utilised but provides a good opportunity to introduce a traditional bar snack offer that would complement the wet trade. This is a great opportunity for a new starter looking to establish themselves in a community local and develop the business.
Private Accommodation: The accommodation is in reasonable order with three bedrooms, a lounge, kitchen and bathroom.
Indoor trading area
The internal trading area comprises two bars on either side of the pub with 80 covers altogether. First is a lounge bar with traditional decoration and plenty of comfortable blue upholstered chairs and stools. Secondly there is a sports bar which houses a pool table, darts board and skittles as well as television screens for live sports. Regular live music events are a popular feature, along with pub quizzes and poker nights. Additionally the pub has a trade kitchen which needs some updating and presents an excellent opportunity to grow the business with the introduction of bar snacks.
Outdoor trading area
An enclosed patio sits to the rear of the pub with several picnic benches, potted plants and a small awning. This works as a good smoking solution as well as being a pleasant place to enjoy a drink. Additionally there are a few benches to the front of the pub, surrounded by a grassed area and a low stone wall. The pub also has two car parks with space for 60 vehicles overall.
Regional Manager Comments
The Pioneer is a proper community local, surrounded by a densely populated residential area. This pub is currently popular due to its pub games, live sports and weekly entertainment in the form of live music and poker nights. Revenue could be increased by introducing a basic food offer; a good opportunity as there isn’t any local competition. A new starter who can establish themselves in the local community would do well here.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Live Sports
Approx. Total Ingoings
£6,000
Annual Rent
£8,000
Potential Turnover: £180,000 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: £8,000 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: £6,000 (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: £12,000 (excl VAT)
To be discussed with the Regional Manager.
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