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New Inn, Blackheath

Rowley Regis, B65 0PH

Your investment

£6,000

Agreement Type

Tenancy

The New Inn is a great community pub located in the heart of Rowley Regis. The bar is the centrepiece and is wrapped around the centre of the pub, which breaks the open-plan layout up slightly allowing a section at the far end of the pub for sports (with a pool table, dartboard and flat-screen TV).

The New Inn is a great community pub located in the heart of Rowley Regis.

Pub Layout

The bar is the centrepiece and is wrapped around the centre of the pub, which breaks the open-plan layout up slightly allowing a section at the far end of the pub for sports (with a pool table, dartboard and flat-screen TV). Outside offers over 30 car parking spaces and a small patio area that can seat approximately 30.

The New Inn customer base is built from loyal regulars and various organisations within the community. The pub hosts a poker team and is looking to host pool and darts teams in the future. At the weekend the New Inn becomes a night out the venue – with entertainment on over the weekend it attracts not only locals but those from further afield too.

Private Accommodation

The private accommodation is a large flat which is located on the first floor, comprising of three bedrooms, a separate kitchen, living room and also the manager’s office. There is laminate floor throughout.

 

Annual Rent: £10,500

Security Deposit: £3,000

Working Capital: £2,000

Stock: £1,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The community element of the pub is very involved and has great relationships with local charities and organisations. Entertainment has proven a great sales driver and there is also scope to improve on this already successful element of the business.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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