Fingerpost Pelsall

Yorks Bridge, Walsall WS3 5AU

  • Fingerpost Pelsall

Fingerpost Pelsall

Fantastic Pub Located on the Canal

The Fingerpost in Walsall is surrounded by housing of various sizes, mostly consisting of families with respectable incomes. There is also a high demographic of elderly couples or singles whose children have left home. With over 3,000 adults residing in the local area, the site is in a prime location for customers looking for a scenic and unique venue.

The pub currently has a strong food and drink trade. Customers have multiple reasons to visit the venue which includes live music and entertainment, enjoying the outdoor beer garden with the view over the canal and also the high quality food offer. Gaming machines also provide a generous revenue for the pub.

Experience Food & Drinks Pub Operator Required

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a village pub? If so, we want to be your partner. We need someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Catering Kitchen
  • Outdoor Trade
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Fingerpost has a conventional interior, with a reception area that follows through into the main L-shaped lounge and dining area. There is a log-burner that has a unique log-holder built into the wall just above it. Large patio doors let in a lot of light and allow customers easy access to the outdoor area.

The exterior of the Fingerpost is where you will find it its most desirable features. With a large patio acting as a beer garden, customers can enjoy this large open space whilst overlooking the canal. The aesthetic of the pub has a traditional feel to it, with an archway over the main entrance. There is also a car park with space for up to 20 cars.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

For full licensing details, please see the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 23:30

Financials

Annual Rent £
15,000
Estimated Annual FMOP (Licensee Profit) £
17,766
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
226,125
Estimated Annual Barrelage
122

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent In Advance £
288
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
11,435

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
Estimated Annual Maintenance Compliance Charge £
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased