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YOUR INVESTMENT

£10,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsFunction RoomLive MusicKitchen
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Annie McCarthy’s

South Sheilds, NE33 1LZ

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OR CALL 01244 321 171 FOR MORE DETAILS

Annie McCarthy’s is located in the centre of the coastal town of South Shields, at the mouth of the River Tyne, just 3.7 miles downstream from Newcastle upon Tyne and a population of approx. 75,000. Conveniently located on Albemarle Street, Annie’s has the added benefit of a bus terminal being expanded to the front which will create additional footfall of potential consumers visiting Town. South Shields is a popular tourist location with plenty to offer from Marine parks, beaches, Roman Forts and Museums.

Pub Layout

The current design lends itself to an Irish concept introduced historically hence the name of the pub. This theme has eased over recent years and the pub now operates as a traditional town wet led operation. The ground floor is simply a one bar operation that features plentiful traditional seating, a karaoke / dance floor and a pool playing area. Upstairs has a Function Room facilty and an equipped kitchen that has operated a Café facility.

The pub is currently wet driven and predominantly is driven by consumers looking for value during the day coupled with a solid Friday and Saturday night trade Karaoke and disco driven. The kitchen is underutilized and with the ongoing bus terminal works set to last at least another two years there is good opportunity to tap into the construction contractors locally. Beyond that the site would benefit from the additional footfall heading in and out of the Bus station. The evening economy should be exploited with live music, sports and further development of the current popular Karaoke feature.

Private Accommodation

The private accommodation is in good order. It has 3 large bedrooms, kitchen, bathroom and living space provided on the 2nd Floor of the site.

Annual Rent: £15,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

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: £250 plus VAT

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

Ideally the best person for this site would be someone at ease with the local demographic. He / She would need to see eye to eye with these consumers and provide the offer that they require. A strong level of control would need to be applied to ensure the pub trades compliantly and fits in with the licensing objectives. There is a good levels of drinking trade to be accessed in South Shields and the incoming licencee would look to access this and create a community feel in a Town Centre location.

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.

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