under offer
under offer
tenancy
24 Priests Bridge, London SW14 8TA, UK
Approx. Total Ingoings
£18,750Annual Rent
£35,000The Stags Head is based within a traditional three storey detached building with a Mock Tudor facade. The ground floor accommodates the trading area with approximately 60 covers, customer WC and the trade kitchen, which provides the opportunity for the right publican to offer an increased food offering. Situated in a residential area this provides the pub with a large amount of local trade, in addition a successful amount of passing trade is generated through the local railway station being nearby, alongside well-known destinations within this popular London Borough. The Stags Head is the perfect opportunity for the right publican to develop not only the food offering but also the customer range, linking to the mixed demographics already within the area.
Private Accommodation: The private accommodation is split across two floors, and the first-floor benefits from one bedroom, kitchen, living room, bathroom, separate WC, office and roof terrace. There are three further bedrooms and substantial storage space on the second floor.
Indoor trading area
This traditionally decorated pub boasts a single room with a large long bar down one side of the pub. With wooden panelled walls and a variety of seating, such as sofas, chairs and stools, the Stags Head can accommodate for around 60 covers. Currently the pub creates a space down the further end of the bar for live music and open mic nights, which has proven very popular. Additionally, there is a trade kitchen on the ground floor to the rear, which provides the scope to develop a home cooked food offer.
Outdoor trading area
There is an intimate walled smoking area to the rear of the property.
Regional Manager Comments
The Stags Head is one of the few community local pubs offering live music within the area, and the local bands that perform also generate their own following from further afield, developing a larger customer base. The pub benefits from having close ties with the local community, and is popular with the Ramblers, as it is halfway between Richmond and Putney, making it vital for the new publican to be able to immerse themselves within these separate groups. There is an opportunity to develop a competitive food offer and build on the existing mixed demographic that live in the area.
Retail Partnership Tenancy
Private Accommodation Kitchen Cask Ale
Approx. Total Ingoings
£18,750
Annual Rent
£35,000
Potential Turnover: £384,000 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: £35,000 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: £18,750 (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: £12,000 (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.
