tenancy
95 Park Lane, Whitefield, Manchester, M45 7GT
Approx. Total Ingoings
£12,250Annual Rent
£39,000The Parkfield Inn is a fantastic and spacious pub that stands on a through road with pleasant housing and shops along either side. The pub is extremely well-established within the area with strong trade from the local community, reaping potential to become a destination outlet. The Parkfield is situated in the affluent area of Whitefield, just a five-minute drive from the major motorway network, The Sedgley Park Rugby Union Club is also very close by bringing regular trade into the pub on matchdays. The pub boasts a traditional bar offering local cask ales and quality beers and wines, a restaurant/ conservatory for dining and a well sized decked area for alfresco drinking and dining. Stonegate Pub Partners are now seeking an experienced publican or couple with food skills who can develop the already high-quality food menu offer, integrate with the community and maximise all this fantastic pub has to offer. The new publican should look to market the pub effectively drawing in trade from local attractions and the local community to take this business to the next level.
Private Accommodation: The living accommodation is spacious and comprises of three bedrooms, a lounge and kitchen. The space may need some redecoration or modernisation based on the publican’s taste.
Indoor trading area
On entrance you are greeted by the bar servery on the left, with good visibility and plenty of merchandising space for those local cask ales and quality beers and wines. A variety of tables and chairs are scattered around the bar area, accommodating around 40 covers for both a relaxing drink and dining. A small raised area to the right allows guests a slightly elevated experience. To the rear there is the restaurant/conservatory, a perfect space for functions and dining, offering 48 covers and leading out to the patio. Good organisational skills will be required in the trade kitchen, which is compact and well equipped. Decorated to a high standard and recently refurbished with new carpets and furniture, this business is ready to trade.
Outdoor trading area
Decent sized, enclosed decked area to the rear of the building with a number of large bench tables with seats, situated away from the main road and a lovely spot to enjoy an al fresco drink. The current Publicans have developed and focussed on this area post lockdown and it has become a very popular and profitable part of the sales mix. Seating to the front of the building in a small enclosed area is part covered and acts as a smoking solution. A large car park to the side of the pub provides space for 28 vehicles.
Regional Manager Comments
The Pub is drinks led and popular with the local clientele to meet for a social drink but is becoming increasingly popular for its upmarket food offering. There is a 30% food mix and confidence to deliver £3000 to £4000 of food sales at a highly consistent standard is essential. The pub has a village feel and the publican needs to be visible and part of community activities. This is a great opportunity for a couple with food skills to take this business to another level.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£12,250
Annual Rent
£39,000
Potential Turnover: £527,000 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: £39,000 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: £12,250 (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: £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.
