Queens Head
100 Brunswick Park Road, Wednesbury, WS10 9QRAgreement Type:
Investment Tenancy
View details for Queens Head
Plough Inn Wollaston
Plough Inn Wollaston
154, Bridgnorth Road, Stourbridge, DY8 3PD Pub Code: 2302879101
Pub Code: 2302879101
Investment TenancyEst Min Ingoing Costs: £51,954
Annual Rent: £36,850
Exciting Investment Opportunity: the Plough Inn Pub Refurbishment Planned!
Seeking a lucrative pub investment? Situated in Wollaston (Near Stourbridge), The Plough Inn offers a unique advantage with its close proximity to nearly 4,000 residents within a 10-minute walk. Surrounded by a med/high affluence demographic and only facing competition from 4 other pubs nearby, this opportunity is primed for success for the right licensee.
With planned full refurbishments inside and out, including enhanced garden areas and premium decor, this pub is set to become the preferred destination for quality food and drinks for patrons of all ages and genders. Whether you're an experienced multiple operator or someone passionate about creating a strong all-round pub experience, this establishment with 37 covers, private accommodation featuring 3 bedrooms, and a well-planned entertainment schedule promises a profitable investment in the thriving Wollaston community.
The offer
The Plough Inn is available on our investment tenancy agreement. Click here for more information on this agreement.
When refurbished, the Plough Inn will offer:
Drinks: Picture a wide-ranging selection of beverages, including larger, cider, traditional cask as well as a quality selection of spirits and wines to compliment the offer.
Food: Delicious, high-quality dishes crafted from locally sourced ingredients and cooked to perfection.
Coffee: Start the day right with a bean-to-cup coffee offering, ensuring a fresh and satisfying brew every time.
Events: Imagine a lively weekly schedule featuring live entertainment and engaging activities to draw in patrons.
The operator
This site would be ideal for a multiple operator looking for a new site to add to their portfolio. Also attitude is more valuable than experience so if you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- Previous experience in the retail sector
- You know what it takes to build a successful business
- You love hospitality and are great with 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 pubs next chapter…
Trading Area & Facilities
The Plough Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main bar with central bar servery
- Separate dining room / Lounge zones
- 37 internal covers
- 40 external covers
- Good size kitchen
- SmartDispense
- Large garden area
- Car park with 25 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£51,954
Estimated Minimum Ingoing Costs
£51,954
Annual Rent
£36,850
Estimated Annual Turnover
£525,477
Deposit
£9,213
Estimated Fixtures & Fittings Value
£34,241
Estimated Stock Valuation
£5,000
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.
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.
Location:
154, Bridgnorth Road, Stourbridge, DY8 3PD
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Freephone:
08085 94 95 96
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enquiries@starpubs.co.uk
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