tenancy
Uxbridge Street, Hednesford, Cannock WS12 1DB, UK
Approx. Total Ingoings
£11,250Annual Rent
£21,000The Plough and Harrow is an extremely well located pub, highly visible with its roadside location in Hednesford. The pub is open plan, with a bar and separate restaurant area in a sunny conservatory providing space for customers to choose between casual dining and relaxed drinks. This provides a fantastic opportunity for a new publican to establish the pub locally as the pub of choice, by developing the traditional food offer.
Private Accommodation: The private accommodation is in good order with three bedrooms, a lounge area, kitchen and bathroom.
Indoor trading area
The interior is well-laid out, with an open plan design providing a welcoming and friendly atmosphere with space for approximately 50 covers. The décor is fresh and contemporary, with carpeted flooring throughout and a mixture of loose and fixed seating. Upon entering the pub you are greeted by the traditional double sided horseshoe shaped bar, hosting cask ales and international beer brands, with a casual drinking area for the locals. Located to the side of the pub is a well-built, attractive conservatory which has the potential to be used as a restaurant and a separate function room. There is a well-equipped trade kitchen which can cater for an extensive menu.
Outdoor trading area
Located at the rear of the pub is a compact patio area which is extremely popular amongst the local community. The large car park is located to the side of the pub, with space for approximately 35 vehicles, which is a massive benefit to the business.
Regional Manager Comments
The Plough and Harrow represents a great opportunity for an experienced publican to build on the existing trade by developing the food offer. The current customer base comprises mainly of local residents, however its highly visible roadside presence provides an opportunity for a new publican to take full advantage of the passing trade. Being renowned for its popularity and with recent improvements to the pubs exterior, the potential for this pub can be quickly realised.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£11,250
Annual Rent
£21,000
Potential Turnover: £316,000 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: £11,250 (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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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.
