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Ashwood Inn, Stourbridge

Stourbridge, DY8 5HP

Your investment

£10,000

Agreement Type

Tenancy
  • Refurbishment Planned
  • Two Function Rooms
  • Great Location Surrounded By Housing

The Ashwood Inn is located in Stourbridge, a market town in the metropolitan borough of Dudley in the West Midlands. With a population of 63,000 people, this area is surrounded by chimney pots and conveniently located next to the co-op. Stourbridge, once the centre of British glass making during the industrial revolution is located about 12 miles west of Birmingham and approximately 10 miles from Wolverhampton with excellent bus, train and road links alongside the Stourbridge canal linking this to the Staffordshire and Worcestershire canal which is popular with holiday makers.

Pub Layout

The establishment features a spacious lounge/bar area equipped with a pool table and dartboards, offering ample seating arrangements. This versatile space is perfect for hosting various sports events and entertainment activities. Furthermore, recent refurbishments have given the toilets a modern update, enhancing the overall guest experience.

One of the standout features of this pub is its remarkable function room, capable of accommodating over 100 individuals. This room is consistently in demand for weekend bookings, catering to a wide range of events, from weddings to birthday parties. It boasts a dedicated and well-equipped bar area, a small stage for performances, and during weekdays, it plays host to darts teams with up to 10 throwing lanes.

Additionally, there is a smaller, self-contained function room located at the front of the property. This room comes complete with its own restrooms and a separate entrance, accessible from the main bar/lounge area since it lacks its own bar.

Convenience is key, with a spacious front car park that includes ramps leading to the main entrance of the function room and a side entrance that grants access to the main bar and the smaller function room. To the rear of the property, there’s a sizable lawn area that has the potential for development into an inviting outdoor drinking space.

The Ashwood Inn is a fantastic community local popular with families and couples from the surrounding community, as well as being home to sports teams and hosting team functions. Currently trades as a wet only pub however, subject to board approval and upon signing a long term agreement Admiral taverns would like to invest in this pub which could then have the facilities to offer food.

Private Accommodation

Completing this fantastic opportunity is a spacious flat located above the pub. This living space offers three bedrooms, a bathroom, a lounge area, and a generously sized kitchen, providing comfortable accommodation for the pub operator or staff.

 

Annual Rent: £16,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

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.

At our community local pub, we envision creating a warm and welcoming haven where neighbours and friends gather to enjoy camaraderie, cheer for their favourite sports teams, savour delicious traditional pub grub, and engage in spirited competitions. Our vision is to establish this pub as the heart of our community, a place where memories are made, and everyone feels like family.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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