under offer
under offer
tenancy
57 North Street, Leighton Buzzard LU7 1EQ, UK
Approx. Total Ingoings
£8,000Annual Rent
£20,000The Wheatsheaf is a traditional pub that has built up a reputation locally as being an excellent venue for live music and entertainment. There is potential to grow the business further by making the best out of the rear bar and expanding on the entertainment that is already provided. The location of the pub also provides great opportunity, being a short walk from the town centre and restaurants, it is the perfect destination for some post-meal drinks and entertainment. Whether you are new to the trade or an experienced operator, Stonegate Pub Partners are interested in hearing from those who can develop this already popular live music and entertainment pub.
Private Accommodation: The private accommodation comprises of two bedrooms, a bathroom, domestic kitchen and a lounge.
Indoor trading area
The Wheatsheaf is traditionally decorated throughout, boasting two rooms each with their own bar. Both bars are catered by a U-shaped bar servery; The rear room is the larger of the two with a small staged area which is perfect for live entertainment. There is also a pool table and TV screens making this a great area for sports viewing and enjoying pub games. The front room is suited to casual drinking. There is an already large focus at the Wheatsheaf for live music, which it is well known for. There is space in the pub for around 60 covers, this consists of stools around the bar as well as some tables and benches.
Outdoor trading area
There is a small seating area to the front of the pub with space for a couple of picnic benches with up to 12 covers. The pub is set back from the main road and as such is an ideal spot in the summer months.
Regional Manager Comments
I am looking for a good wet led publican with a strong entertainment background, who can continue to provide the live music and atmosphere that this pub has become famous for. This pub would suit an experienced publican, or an individual interested in running their first entertainment venue. The Wheatsheaf is available on a Beacon Partnership Tenancy agreement which allows the business to trade with highly competitive retail prices and strong value orientated drinks offers, backed by enhanced marketing support and a retail standard focus.
Beacon Retail Partnership Tenancy
Live Music Private Accommodation Cask Ale Function Room Live Sports
Approx. Total Ingoings
£8,000
Annual Rent
£20,000
Potential Turnover: £326,000 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: £20,000 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: £8,000 (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.
