under offer
under offer
tenancy
Bonemill Lane, Washington, Tyne and Wear NE38 8AJ, UK
Approx. Total Ingoings
£19,950Annual Rent
£39,900The Biddick Inn is a traditionally styled two storey two roomed pub located on Bonemill Lane in the Fatfield area of Washington, overlooking the delightful River Wear. The pub is in a great location and is popular for both quality dining and social drinking, forming part of the Fatfield mini-circuit. There are two distinct trading areas boasting a dedicated dining room and a public bar offering pub games, live music and televised sport. There is an enclosed beer garden to the rear of the pub offering a mix of grassed areas and a raised paved area for drinks alfresco. A convenient car park is also available for guests offering 20 car park spaces. Stonegate Pub Partners are now seeking an experienced operator with the catering knowledge produce quality home cooked meals. The new publican will also need the enthusiasm and drive to grow the business to attract further trade from the local community and beyond.
Private Accommodation: The private accommodation is well presented and located on the first floor above the main trading area. All three bedrooms are of a good size, there is a spacious lounge and the kitchen is fully fitted.
Indoor trading area
The trading areas at the Biddick are separated into two distinct areas; a well-appointed bar with a good mix of loose and fixed seating offering 50 covers, a pool table, dart board, live music and a large screen TV. The second is a comfortable lounge area which offers 40 dedicated dining covers and an additional adjoining room with a further 30 covers. There is an extensively equipped trade kitchen capable of producing high quality pub food.
Outdoor trading area
Accessed directly from the bar there is an enclosed beer garden to the rear of the property with a mix of grassed areas and a raised paved area which offers respite for smokers. There is also a tarmac lined car park with space for 20 vehicles.
Regional Manager Comments
The Biddick is an excellent pub set in a picturesque spot in the area of Washington with lots to offer. The pub primarily attracts drinks in the bar area for guests who enjoy the televised live sport, pub games and live music. The lounge area is popular with an older mixed clientele who are attracted by the quality home cooked food offer. The pub also forms part of the riverside "mini circuit" which is especially popular in the summer months. I am now seeking an experienced operator who has catering experience to continue the well-established food offer. The new publican will need to integrate with the local community to help develop and grow trade.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Restaurant/Food
Approx. Total Ingoings
£19,950
Annual Rent
£39,900
Potential Turnover: £447,000 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: £39,900 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: £19,950 (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: £20,000 (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.
