tenancy
Basingstoke, Hampshire RG21 5TB, UK
Approx. Total Ingoings
£12,500Annual Rent
£34,000The Rising Sun is a prominently located tavern situated between Basingstoke town centre, industrial estates and suburbs. The pub features a compact central bar servery in a split-level trade area with access to the front and rear. There is a fully fitted trade kitchen to one side with ample space to produce a traditional pub menu, as well as a large car park and a very attractive large outside space, including a hard patio area. Stonegate Pub Partners are now looking for an enthusiastic and experienced operator who can develop the offerings including food and entertainment to drive this business forward and maximise trade.
Private Accommodation: The private accommodation is a good sized and in reasonable order comprising of three bedrooms, a lounge and kitchen.
Indoor trading area
The décor is of a good standard and the pub benefits from a modern, fresh-look appearance throughout. Unique and traditional touches, such as the two open fire places, add to the ambience here and create a welcoming atmosphere. The split-level trade area can be accessed from both the front and rear of the building and all sections of the trade areas connect to each other along with other parts of the pub. The space is very flexible and the main area has some interesting corners, ideal for an intimate chat. Throughout both areas of the pub there is a mixture of comfortable wooden and upholstered seating and wooden tables, creating a relaxing space in which to dine or enjoy a drink with friends. There is room for 50 covers throughout. A compact bar servery is well-positioned to serve all areas of the pub and a good sized trade kitchen is capable of producing a varied menu.
Outdoor trading area
To the rear of the property is a large sunny patio that leads to an extensive grassed area, where there is room for a number of picnic style benches. This well-maintained garden is especially popular for al fresco dining during the warmer months. The car park is located to the rear and side of the pub and provides room for 15 vehicles.
Regional Manager Comments
This is an excellent business opportunity that presents plenty of scope for trade building through the development of food, a good drink offer and appropriate activities. The layout lends itself to creating a great atmosphere even during quiet sessions, whilst also being big enough to host large numbers and events. The garden and patio provide great additional trade areas and potential should be maximised here during the summer months especially. This is an ideal opportunity for an experienced operator, who possesses the entrepreneurial energy and ideas to drive this fantastic business forward and really make it stand out within the locality.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£12,500
Annual Rent
£34,000
Potential Turnover: £430,000 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: £34,000 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: £12,500 (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: £13,000 (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.
