Pub Overview
Attractive New Deal - BDM support with 50% rent in year one,
lowering ingoing costs, high discount on draught beers.
Fantastic opportunity to develop this great pub business on a picturesque canal side location.
The area
The Boathouse is located just outside of Walsall, on a picturesque canal side location. The pub is surrounded by residential housing.
The pub benefits from being one of 3 pubs found in an area of around 1400 adults. The diverse customer base is made up of young families, singles, and retirees.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in developing a competitive 80/20 wet/dry food & drink offer. The site currently has the ability to drive trade via a 100% wet led offer, live entertainment, and an outstanding beer garden on the banks of the canal. It offers a selection of popular beers, ciders, wines, spirits, and cask ales. The introduction of a food offer will drive trade to the next level.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. Knowledge of the local area would be beneficial.
The right operator for the pub will have extensive experience in a community-led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer, and can create a memorable experience for their 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 pub’s next chapter...
Special Offer
- unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months’ deposit. We are also happy to discuss a deposit build-up as part of the negotiations.
Features
New Deal Foundation Tenancy Catering Kitchen Car Park Outdoor Trade Private Accommodation
Trading Area & Facilities
Open-plan layout with 3 separate trading areas and central bar Unique, boat seating for an immersed dining experience 100 internal covers 100 external covers Small, functional kitchen Large picturesque beer garden with outside bar on the banks of the canal Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and office located downstairs, away from the trading area.
Pub Financials
Estimated Total Ingoing Costs: £60,176
Estimated Minimum Ingoing Costs: £16,708
Annual Rent: £22,832
Estimated Annual Turnover: £377,841
Deposit: £11,416
Estimated Fixtures & Fittings Value: £37,760
Estimated Stock Valuation: £7,500
Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalized 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 finalized 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.
Downloads
Demographics Report Download arrow Energy Performance Certificate Download arrow
#J-18808-Ljbffr
Attractive New Deal - BDM support with 50% rent in year one,
lowering ingoing costs, high discount on draught beers.
Fantastic opportunity to develop this great pub business on a picturesque canal side location.
The area
The Boathouse is located just outside of Walsall, on a picturesque canal side location. The pub is surrounded by residential housing.
The pub benefits from being one of 3 pubs found in an area of around 1400 adults. The diverse customer base is made up of young families, singles, and retirees.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in developing a competitive 80/20 wet/dry food & drink offer. The site currently has the ability to drive trade via a 100% wet led offer, live entertainment, and an outstanding beer garden on the banks of the canal. It offers a selection of popular beers, ciders, wines, spirits, and cask ales. The introduction of a food offer will drive trade to the next level.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. Knowledge of the local area would be beneficial.
The right operator for the pub will have extensive experience in a community-led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer, and can create a memorable experience for their 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 pub’s next chapter...
Special Offer
- unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months’ deposit. We are also happy to discuss a deposit build-up as part of the negotiations.
Features
New Deal Foundation Tenancy Catering Kitchen Car Park Outdoor Trade Private Accommodation
Trading Area & Facilities
Open-plan layout with 3 separate trading areas and central bar Unique, boat seating for an immersed dining experience 100 internal covers 100 external covers Small, functional kitchen Large picturesque beer garden with outside bar on the banks of the canal Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and office located downstairs, away from the trading area.
Pub Financials
Estimated Total Ingoing Costs: £60,176
Estimated Minimum Ingoing Costs: £16,708
Annual Rent: £22,832
Estimated Annual Turnover: £377,841
Deposit: £11,416
Estimated Fixtures & Fittings Value: £37,760
Estimated Stock Valuation: £7,500
Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalized 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 finalized 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.
Downloads
Demographics Report Download arrow Energy Performance Certificate Download arrow
#J-18808-Ljbffr
