Property Description
Community focused
The Queens Head is in Wednesbury, a market town in Sandwell in the county of West Midlands. The pub itself is situated in a busy residential area. In the town, there are no other pubs with a strong food offering, meaning there is a gap in the market for the Queens Head status as a premium local pub with great food.
A pub business with potential
The planned refurbishment will create an all-new reason to visit the pub with it’s brilliant outdoor space. These changes will give the pub the ability to appeal to a broad spectrum of consumers, throughout the year, who want to meet friends for a drink or to dine. This pub has bags of potential. All we are looking for is the right operator…
The newly refurbished Queens Head will appeal to
Locals, including couples and friends wanting to enjoy a casual drink or premium pub food.
Older couples and friends looking for a lunchtime treat and a venue for special occasions.
Families with children looking to eat in the cosy dining area or in the beer garden in warmer months.
Offer:
When refurbished, the Queens Head will offer A great premium drinks selection including beers, ciders, wines and spirits.
A destination food-offer sourced locally.
Great coffee to entice customers throughout the day.
Entertainment such as weekly music combined with a good and varied rhythm of the week
Private accommodation:
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Licensing details:
For the full licensing details, please refer to the premises license.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Children's Play Area
Parking
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
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