tenancy
Sea Dyke Way, Marshchapel, Grimsby, Lincolnshire DN36 5SX, UK
Approx. Total Ingoings
£11,850Annual Rent
£15,500This fantastic pub with its traditional English character has been a hotspot for locals for many years. The White Horse is situated on a busy main road which leads to the village of Grimsby and Mablethorpe. It is the perfect country pub which is utilised by those passing through the area and those who live in the local community. The pub has two bar areas; a sports bar showcasing all major sporting events, facilities for live music and a pool table. The second bar area is used primarily as a relaxing and cosy dining space. It has every opportunity to serve its customers with the very best home cooked meals including a traditional Sunday roast. The pubs fully equipped trade kitchen will ensure that this prospect can be met. There is an opportunity to further the internal appeal for this pub with the added touch of art work. The pub is located on a large plot of land which has scope to host outside events perfect during the summer months and at Christmas time. These developments can be made by an enthusiastic publican to allow this fantastic pub to reach its full potential.
Private Accommodation: The living accommodation is well presented and a great size offering three bedrooms, a lounge, kitchen and bathroom. The space would be perfect for a family and can be easily made to feel like a home with a personal touch added.
Indoor trading area
This traditional English pub is arranged into two rooms, one of which is predominately for sports viewing. Facilities includes a great bar area with tables and bar stools, a pool table, dart board and Sky Sports televising live sporting events. Live music and entertainment have also proven successful in the past, meaning this arm of the business could be grown. The second room is currently used as an informal and relaxed lounge area ideal for drinking during food service. The décor is traditional and welcoming throughout and complete with a cosy open fireplace. The room is large enough to change for use of private hire or events ideal for baby showers, birthdays etc. Both bar areas are situated opposite one another, therefore a single member of staff could cater to both rooms. The trade kitchen is of an excellent size and is capable of producing quality home cooked food and Sunday lunch.
Outdoor trading area
The White Horse offers a large tarmac lined area to the front and side of the pub, this area can also be utilised for large outdoor events including markets and private event space. The pub sits on a large plot and as such there is a great deal of outside space which would be perfect to use for entertainment throughout the summer and at Christmas. There is also a fantastic wooden decked area to the side of the pub overlooking a children’s play area and play field to the rear. This pub really represents the community that is amongst those who live in the village, the 22-space car park has also been granted permission to be used by parents when collecting children from the local school.
Regional Manager Comments
The White Horse is a fantastic community pub with scope to built on the offer of traditional home cooked food. The pub also offers a sports bar which gives the publican opportunity to build a schedule of live entertainment. Enthusiasm and the willingness to get involved with local life is more important than experience with this pub, however the new publican will need the ability to attract new customers as well as welcome the regulars.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Children's Play Area Live Sports Restaurant/Food
Approx. Total Ingoings
£11,850
Annual Rent
£15,500
Potential Turnover: £232,000 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: £15,500 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: £11,850 (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: £18,000 (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.
