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Boat Inn, Wolverhampton

Church Street, Wolverhampton, WV1 1SS

Your investment

£6,000

Agreement Type

Tenancy

The Boat Inn is located in Wednesfield, Wolverhampton. Wednesfield is a small densely populated village just two miles north east of the city of Wolverhampton. The Boat is situated just off the centre of the main bars but built a popular reputation and fast becoming a part of the “weekend circuit” .

The Boat Inn is located in Wednesfield, Wolverhampton. Wednesfield is a small densely populated village just two miles north east of the  city of Wolverhampton. The Boat is situated just off the centre of the main circuit but it has built up a popular reputation and is a part of the “weekend circuit” .

Pub Layout

The pub consists of one open plan room, with a traditional beam effect ceiling, it has small clusters of fixed seating strategically placed to enable the guests to watch the screens. There is a small commercial kitchen and the cellar that is underground is accessed via the bar. To the side is a small enclosed beer garden which is a welcome addition in summer months and a comfortable area for smokers

 

The pub is currently drinks focused and is predominantly driven by consumers looking for value drink during the day, coupled with a solid Friday and Saturday night trade consisting of karaoke and discos. The pub should operate a strong ‘Rhythm of the Week’ alongside a strong football following to support both the local teams and the Sky & BT fixture lists. Whilst it is a town centre pub it does have the support of a local darts team, poker team and football team. There is space to service a small hand held food offering on key events to maximise sales.

Private Accommodation

The private accommodation is in good order. It has four good sized bedrooms, kitchen, bathroom and living space . No parking is available with this pub however there are car parks located in the town.

Annual Rent: £11,000

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: £250 plus VAT

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

I am looking for a passionate and driven individual or couple who have excellent retail standards. Ideally the best person for this pub would be someone at ease with the local demographic who can embrace all that this pub has to offer. A strong level of control would need to be applied to ensure the pub trades compliantly and fits in with the licensing objectives.

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 – £30.10per 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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