Thatched Tavern Reddish

54 Stanhope Street, Stockport, Stockport SK5 7AQ

  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish
  • Thatched Tavern Reddish

Thatched Tavern Reddish

Award Winning Local

The Thatched Tavern is a welcoming and popular local which was the winner of a recent Great Pint Guaranteed and Best Pub awards thanks to its high standards. This attractive pub occupies a highly visible corner site in a densely populated area of Stockport, Greater Manchester. In good condition throughout, this family-friendly local regularly hosts well-attended community events for its guests. The pub places an emphasis on its high standard and as such, serves some quality cask ales, in addition to premium spirits and tasty, simple bar bites. The pub flexes from a family-friendly venue to a more high-energy, live entertainment venue at weekends which proves popular with the surrounding residents.

Community Focused Entrepreneur Wanted

Do you have a passion for customer service, excellent vision and business management skills? If so, this could be the pub for you.

Pub Features

  • Rolling Tenancy
  • Weekly Billing

Trading Area & Facilities

Internally, the pub is in good repair and is divided into separate trading areas. A welcoming atmosphere is created through the use of original cast iron fireplaces and a roaring stove fire.

Externally the Thatched Tavern has great kerb appeal thanks to good signage, exposed brickwork and hanging baskets. There are wooden picnic benches in the beer garden front for drinks during the summer months.

Private Accommodation

The private accommodation to be confirmed. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:30 10:00 - 00:30 12:00 - 00:00

Financials

Annual Rent £
17,000
Estimated Annual FMOP (Licensee Profit) £
19,166
Representative HEINEKEN UK Brand Discount Per Barrel £
167
Estimated Annual Turnover £
271,482
Estimated Annual Barrelage
275

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 £
2,150
Deposit Amount £
TBC
Rent In Advance £
TBC
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 £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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