Fountain Lichfield
169 Beacon Street, Lichfield, WS13 7BGAgreement Type:
Foundation Tenancy
View details for Fountain Lichfield
Queens Head
Queens Head
100, Brunswick Park Road, Wednesbury, WS10 9QR Pub Code: 2301142101
Pub Code: 2301142101
Investment TenancyEst Min Ingoing Costs: £33,900
Annual Rent: £29,600
Community focused
The Queens Head is in Wednesbury, a market town in Sandwell in the county of West Midlands. The pub itself is situated in a busy residential area. In the town, there are no other pubs with a strong food offering, meaning there is a gap in the market for the Queens Head status as a premium local pub with great food.
A pub business with potential
The planned refurbishment will create an all-new reason to visit the pub with it’s brilliant outdoor space. These changes will give the pub the ability to appeal to a broad spectrum of consumers, throughout the year, who want to meet friends for a drink or to dine. This pub has bags of potential. All we are looking for is the right operator…
Trading Area & Facilities
The newly refurbished Queens Head will appeal to
- Locals, including couples and friends wanting to enjoy a casual drink or premium pub food.
- Older couples and friends looking for a lunchtime treat and a venue for special occasions.
- Families with children looking to eat in the cosy dining area or in the beer garden in warmer months.
Offer:
- When refurbished, the Queens Head will offer A great premium drinks selection including beers, ciders, wines and spirits.
- A destination food-offer sourced locally.
- Great coffee to entice customers throughout the day.
- Entertainment such as weekly music combined with a good and varied rhythm of the week
Private Accommodation
Private accommodation:
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£33,900
Estimated Minimum Ingoing Costs
£33,900
Annual Rent
£29,600
Estimated Annual Turnover
£485,438
Deposit
£7,400
Estimated Fixtures & Fittings Value
£18,000
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:
100, Brunswick Park Road, Wednesbury, WS10 9QR
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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