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Bedwardine Inn, Worcester

Worcester, WR2 5DJ

Your investment

£13,000

Agreement Type

Tenancy

The Bedwardine Inn is a large detached pub nestled in the residential area of St Johns. St John’s is a large suburb on the outskirts of the city of Worcester. The pub has excellent curb appeal and is located on the busy main road through. Worcester is a beautiful Cathedral City with a fascinating history of industry, a wealth of interesting architecture, sports teams and venues as well as an unrivalled selection of high street names and independent boutiques.

The Bedwardine Inn is a large detached pub nestled in the residential area of St Johns. St John’s is a large suburb on the outskirts of the city of Worcester. The pub has excellent curb appeal and is located on a busy main road. Worcester is a beautiful Cathedral City with a fascinating history of industry, a wealth of interesting architecture, sports teams and venues as well as an unrivalled selection of high street names and independent boutiques.

Pub Layout

The Bedwardine Inn is a well presented pub with modern and fresh décor, it’s balanced with an eclectic mix of loose and fixed seating. The pub has three areas; the main bar and dining room which has a relaxed feel suitable for both families and couples enjoying a drink and dinner. There is an area compromising of a pool table and darts board where televised sports are shown. The function room is to the rear which is a welcome addition for events. The car park is to the left and can easily hold up to twenty cars.

The Bedwardine Inn has a great reputation and is well supported by the local community. The previous licensees served food daily with promotions throughout the week. The food was a value offer which catered for many families and was very well received. The pub had a great entertainment program with weekly quiz nights and entertainment. Both sky and BT sports enhance the weekend business.

Private Accommodation

The private accommodation consists of three bedrooms, living room, kitchen and bathroom spread over two floors.

Annual Rent: £17,500

Security Deposit: £5,000

Working Capital: £5,000

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: £250 plus VAT

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

The Bedwardine Inn is very much a locals pub catering to the community but with the ability to attract custom from further afield, dependent on providing an offer that will encourage destination custom through food and entertainment offers. The successful applicant will need to embrace the local community. Team sports, live sport, regular entertainment and building a weekly program of events will be essential in driving the pub forwards. The site benefits from a catering kitchen which is underutilised and offers the potential to introduce a food offer which would capture further local trade and encourage people from further afield.

  1. 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 – £30.10 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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