tenancy
Overwoods Road, Wilnecote, Tamworth B77 5EL, UK
Approx. Total Ingoings
£6,250Annual Rent
£7,000The Overwoods is a fantastic pub located on a residential estate in the suburb of Hockley In Tamworth. This community pub has little competition and has an excellent reputation for its choice of beers, live music and entertainment. The pub is currently run as a two-room operation with a traditional bar area hosting live sports and a lounge/ function room which is used predominately for private events and entertainment. The current demographic surrounding the pub are locals who live in the area however there is scope to develop the business further with the introduction of pub teams including pool, darts and football. There is also the potential to better utilise the lounge area of the property by offering a snack menu including a lunchtime offer to attract trade throughout the week as well as on weekends. Stonegate Pub Partners are now looking for a strong publican with a good knowledge of the local area who can integrate with the locals and maximise the assets of the pub to allow this fantastic business to reach its full potential.
Private Accommodation: The private accommodation is well presented and comprises of three bedrooms, a lounge and kitchen.
Indoor trading area
The pub is a two roomed operation with separate entrances to each trading area, all of which are immaculately presented. The pub is in good order, there is a traditional bar with seating for around 30 customers and is suitable for pub games including darts, pool and sports viewing. The spacious lounge which could also be used as a function room has seating for around 80 customers with direct access onto a secluded side patio area and is large enough to host a variety of entertainment. The pub also benefits from a ground floor cellar with behind bar access and a good-sized trade kitchen.
Outdoor trading area
The small patio area towards the front of the pub is excellent to relax in and enjoy the summer months and extends onto a grassy bank with garden benches. The car park provides ample space for around 30 vehicles.
Regional Manager Comments
The Overwoods is a great locals pub which is popular for entertainment and live sports. The pub would suit a new publican who is looking to gain experience developing a business and someone who is willing to introduce a snack menu and lunchtime offer to attract wider custom including passing trade. The current customer base are locals who live in the immediate residential area however there is fantastic scope to build on this with the introduction of pub teams including pool, darts and football teams and the opportunity to offer entertainment. We are looking for a strong publican with a good knowledge of the local area who can develop this pub further.
Beacon Retail Partnership Tenancy
Live Music Private Accommodation Kitchen Parking Cask Ale Live Sports
Approx. Total Ingoings
£6,250
Annual Rent
£7,000
Potential Turnover: £186,000 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: £7,000 per annum, payable weekly in advance.
The Proposed Agreement: Beacon 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: £6,250 (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: £0 (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.
