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Bonny Moorhen, Stanhope

Bishop Auckland, DL13 2TS

Your investment

£12,000

Agreement Type

Tenancy

Stanhope is a small, picturesque market town in County Durham. The A689 trans-Pennine road meets the B6278 road from Barnard Castle to Shotley Bridge here. Stanhope is surrounded by moorland in the North Pennines Area of Outstanding Natural Beauty.

Stanhope is a small, picturesque market town in County Durham. The A689 trans-Pennine road meets the B6278 road from Barnard Castle to Shotley Bridge here. Stanhope is surrounded by moorland in the North Pennines Area of Outstanding Natural Beauty. It is situated on the River Wear between Eastgate and Frosterley on the north-east side of Weardale.

Pub Layout

The Bonny Moorhen is located on the high street of Stanhope. It has a great function room that has been refurbished to a high standard and also benefits from five very well-appointed letting rooms. There is also a well-equipped trade kitchen. The beer garden is possibly one of the best in Weardale and a major attraction in summer.

The Bonny Moorhen is very popular with tourists, especially cyclists on the coast to coast route. This is a very well-run pub that offers a fantastic opportunity to take on a good business. It is well supported by locals with several pub games teams. The pub has a good reputation for live music and home-cooked food.

Private Accommodation

The private accommodation consists of a two-bedroomed flat that is in good condition.

Letting Accommodation

This consists of five letting rooms.

Annual Rent: £20,000

Security Deposit: £5,000

Working Capital: £4,000

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 new operator will relish the opportunities available at the Bonny Moorhen, some experience of taking the helm at a pub with multiple income streams would be advantageous; experience of maintaining the balance between the tourist and local trade ensuring all customers needs are met will be key, as ever high service standards and fabulous customer service skills will be essential to the ongoing success of the site.

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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