Plough Inn Wollaston
154 Bridgnorth Road, Stourbridge, DY8 3PDAgreement Type: Foundation Tenancy
View details for Plough Inn WollastonRefurbishment Planned
Wildmoor Oak Wildmoor
Top Road, Bromsgrove, B61 0RB
Pub Code: 2302752101
Key Features
- Refurbishment Planned
- Large Outdoor Space
- No Competition
- Private Accomodation
Est Min Ingoing Costs: £67,725
Annual Rent: £56,000
More Information
Exceptional location
The Wildmoor Oak is located in Bromsgrove, near Birmingham. There are 550 adults within a twenty-minute walk of the pub. Within the same distance, there are no competitor pubs. The area is also in the high affluence bandings, making this an excellent opportunity.
A pub business with bags of potential
The Wildmoor Oak will operate as an excellent venue for the people of Bromsgrove and neighbouring villages once refurbished. The planned investment will allow us to fully re-decorate the pub and give the ample passing trade a reason to visit. These changes as well as the fabulous outdoor space, will give the pub the ability to appeal to a broad spectrum of consumers who want to meet friends for a drink or to enjoy a lovely meal. This pub has bags of potential. All we are looking for is the right operator.
Trading Area & Facilities
A well-finished refurbishment will transform the Wildmoor Oak into a great country pub with great food. Inside, the pub will be redecorated throughout. Other upgrades throughout the pub such as creating an all-new snug and dining area, overhauling the current bar servery and adding an electric kitchen, will give the pub a premium feel and more trading opportunities.
Outside the pub, the refurbishment will include the improved patio area & new fixed tables. New signage and lighting will also be installed.
Private Accommodation
Private accomodation consists of bedrooms, Bathroom, Kitchen and lounge.
| Annual Rent | £ 56,000 |
| Estimated Annual Turnover | £ 687,373 |
| Deposit | £ 14,000 |
| Estimated Fixtures & Fittings Value | £ 40,225 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 67,725 |
| Estimated Minimum Ingoing Costs | £ 67,725 |
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:
Top Road, Bromsgrove, B61 0RB
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View details for Fox & Goose BirminghamTo 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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