Pub Overview Attractive New Deal - BDM support with 50% rent in year one, lower ingoing costs, high discount on draught beers.
Fantastic opportunity to develop this great pub business on a picturesque, canal side location What would you do with this pub to make it a success?
The area The Boathouse is located just outside of Walsall, on a picturesque canal side location.
The pub is surrounded by residential housing.
The pub benefits from being one of 3 pubs found in an area of around 1400 adults.
The diverse customer base is made up of young families, singles and retirees.
The offer Available on our foundation tenancy agreement.
Click here for more information on this agreement .
The potential of this pub lies in developing a competitive 80/20 wet/dry food & drinksoffer.
What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a 100% wet led offer, live entertainment and the outstanding beer garden on the banks of the canal.
It offers a selection of popular beers, ciders, wines and spirits and cask ales.
The introduction of a food offer will drive trade to the next level.
We're always open to new ideas, what would you do to drive trade?
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
Knowledge of the local area would be beneficial.
The right operator for the pub will have extensive experience in a community led hospitality business.
They will have a clear vision for their food & drinks menu, entertainment offer and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter... Special Offer - unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months' deposit.
We are also happy to discuss a deposit build up as part of the negotiations.
Features New Deal Foundation Tenancy Catering Kitchen Car Park Outdoor Trade Private Accommodation Trading Area & Facilities Open-plan layout with 3 separate trading areas and central bar Unique, boat seating for an immersed dining experience 100 internal covers 100 external covers Small, functional kitchen Large Picturesque beer garden with outside bar on the banks of the canal Car park with 30 spaces Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and office located downstairs, away from the trading area.
Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £60,176 Estimated Minimum Ingoing Costs £16,708 Annual Rent £22,832 Estimated Annual Turnover £377,841 Deposit £11,416 Estimated Fixtures & Fittings Value £37,760 Estimated Stock Valuation £7,500 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats.
There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense.
These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented.
The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan.
Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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