tenancy
High Street, Rawmarsh, Rotherham S62 6NE, UK
Approx. Total Ingoings
£15,100Annual Rent
£28,500This fantastic community pub located in the pleasant village of Rawmarsh offers a new publican the opportunity to grow a business with a strong and established customer base. The pub is in excellent condition and has been well maintained by the outgoing publican who has been in the pub for the last 20 years. The Earl Grey has a lot to offer its customers with good pub food, a range of international beers and cask ale and live sports viewing. We are now seeking an experienced publican who can take over this very good pub with its solid trading position. The new publican should look to develop this business to continue to suit the demographic within the area as well as marketing the pub to suit the wider audience to increase footfall and trade. The Earl Grey could be further developed around the food offer, incorporating lunch time specials or evening meals with entertainment.
Private Accommodation: The private accommodation is large and comprises of three bedrooms and a good-sized kitchen and lounge.
Indoor trading area
The pub is traditionally decorated with a modern twist and divided into two sections. The first area would be considered the tap room and the other a traditional lounge, housing pool and darts. All furniture is loose and can therefore be moved and adapted to suit the trade. There is also space to incorporate live events and entertainment as an additional revenue stream. The pub has also benefitted from showing live sports in the past and has built successful relationships with the local sports teams in the area. The pub is complete with two traditional bar areas, both of which can be serviced easily as they run through the centre of the pub.
Outdoor trading area
There is an adequate beer garden located to the front of the pub with picnic bench style furniture which can be utilised by guests in the warmer months.
Regional Manager Comments
The Earl Grey presents a well-established business that would be ideal for a publican who enjoys developing a local’s favourite with a solid and traditional pub food offer. We are seeking a publican with food experience and marketing skills to develop this great pub by appealing to its specific demographic.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports
Approx. Total Ingoings
£15,100
Annual Rent
£28,500
Potential Turnover: £411,000 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: £28,500 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: £15,100 (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: £18,000 (excl VAT)
To be discussed with the Regional Manager.
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