under offer
under offer
tenancy
23 Black Horse Lane, Ipswich, Suffolk IP1 2EF, UK
Approx. Total Ingoings
£10,750Annual Rent
£17,000The Black Horse is traditional and full of character, located just outside the town centre of Suffolk. The pub caters to the local office and business trade during the day time and as a local’s venue in the evenings with pub games and live music. The pub is a hotspot for the Ipswich Town supporter’s due to its close proximately to the stadium and is abundant with trade on match days. The Black Horse dates back to 1689 carrying much of its original charm with low ceilings and wooden beams however, the pub is still in excellent condition. Internally there is a gaming area and various relaxed seating including an outside patio with frequent live music at weekends. Stonegate Pub Partners are seeking a hands-on operator to build on the existing trade and be confident to host entertainment and offer wholesome home cooked food.
Private Accommodation: The accommodation is spacious and characterful. It comprises 3 double bedrooms, kitchen, lounge and bathroom
Indoor trading area
The Black Horse comprises a large 'L' shaped trading area offering a gaming area housing a pool table and various relaxed seating areas accommodating up to 30 covers. The décor is that of a traditional English pub, heavily timbered and beamed, but still modern and contemporary. There is a mixture of loose and fixed seating that can be adjusted to cater for larger bookings, or simply create more standing space; especially on busy match days. The trade kitchen is of good size but requires some upgrading to be able to produce a home cooked food offer. The pub has built a reputation for hosting regular live music and karaoke which is popular amongst the locals. Overall, the pub has been well cared for and is in good condition.
Outdoor trading area
To the rear of the pub there is a patio area housing a large timber fixed seating area. This area is extremely popular and has a real buzz during spring and summer evenings. There is a compact car park with room for up to two cars; additional parking is available on the street.
Regional Manager Comments
The pub that plays host to a large influx of football fans on weekends and has also built a reputation for hosting regular live music and karaoke. I am looking for a dynamic publican to take the Black Horse to the next level. Ideally someone who is a great all-rounder; a great host, good with entertainment and able to offer wholesome pub food.
Retail Partnership Tenancy
Beer Garden Private Accommodation Cask Ale Restaurant/Food
Approx. Total Ingoings
£10,750
Annual Rent
£17,000
Potential Turnover: £216,000 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: £17,000 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: £10,750 (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: £10,000 (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.
