tenancy
Peppard Road, Reading RG4 9NP, UK
Approx. Total Ingoings
£22,000Annual Rent
£36,000The Bird in Hand has a traditional style internal trading area creating a cosy feel. It provides a lounge bar with working Inglenook fireplace, snug, and a restaurant with 40 plus covers it has all the facilities for a great food led business. Externally the pub offers a delightful picturesque garden with a purpose-built pizza oven which back onto woods complete with tables and chairs and a built-in barbecue area. From its excellent catchment area, to being the perfect hotspot for people to explore the Chiltern Hills, this pub comes with a strong customer base and an even stronger reputation. It is vital for the new publican to be able to continue developing the strong base through developing the current offerings whilst also immersing themselves within the local community.
Private Accommodation: The private accommodation is well maintained and suitable for a small family.
Indoor trading area
The internal area is clearly divided into a bar and restaurant area and embraces a traditional style. Originally a 16th century coaching inn, it contains a pleasant low-ceiling bar with beamed ceilings, a superb brick-built Inglenook working fireplace, fixed upholstered seating and loose tables and chairs. A wooden panelled bar servery hosts cask ale and a range of international beer brands. The snug bar contains a brick working fireplace with access to the restaurant, which can accommodate approximately 50 covers and is serviced by a well-equipped commercial kitchen.
Outdoor trading area
The garden area is a particularly attractive feature of the property and is an important additional trading area in the summer months. The pub has a good-sized paved seating terrace, barbeque area with pizza oven and privately enclosed lawn garden. Complete with tables and chairs, this is a lovely, well-maintained garden in a tranquil setting. The garden has been well-maintained and offers a safe secure area to simply relax and enjoy.
Regional Manager Comments
The Bird in Hand is a highly regarded pub, in an excellent catchment area that requires a publican to drive the trade within this superbly located venue. The local area is popular with walkers throughout the year and we are now seeking a new publican who can maximise this business opportunity. The pub has the potential to attract a broad customer base from locals, passing trade and visitors to the area utilising all the income streams that this great business has to offer.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale Children's Play Area Restaurant/Food
Approx. Total Ingoings
£22,000
Annual Rent
£36,000
Potential Turnover: £382,000 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: £36,000 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: £22,000 (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: £15,000 (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.
