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YOUR INVESTMENT

£9,500

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsCask AleLive MusicKitchenSports TeamsBeer Garden
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Duke of Wellington

Heywood, OL10 1DL

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OR CALL 01244 321 171 FOR MORE DETAILS

The Duke of Wellington is a semi-detached property situated on the busy Manchester Road in the historical industrial town of Heywood, Greater Manchester. Heywood is a vibrant commuter town with regular rail and bus serves into Manchester City Centre which is just 7 miles to the South and into Bury just 2 miles to the West.  The pub is in close proximity to plenty of local shops, business and amenities that serve the population of approx. 28,000 with the majority of the local housing within easy walking distance of the pub.

Pub Layout

The Duke of Wellington is a local pub in the heart of the community and has been so for at least 200 years. Exposed beams, ornate stained glass, decadent woodwork and an impressive saloon bar give it a beautifully authentic and traditional feel.  Through the front door and up the steps takes you into the heart of the pub. On the left wall is the saloon style bar complete with stained glass panels and cozy lighting. Carpeted flooring and a mixture of fixed and loose seating around the bar area offer space for approximately 40 covers. Opposite the bar, through the wood screened corridor you will find a attractively furnished lounge/snug area complete with an original tiled fireplace, carpeted flooring and a mixture of fixed and loose seating. To the rear of the bar you will access to the ladies and gents toilets which are in excellent condition and a door leading to the outside where you will find a hard-landscaped patio area housing picnic benches. Accessed from behind the bar you will find a good-sized kitchen ideal for introducing a successful food offer, including two extra storage spaces to the rear.

The Duke of Wellington has the potential to be the best local community pub within the area. With a good-sized kitchen, the pub has the opportunity to offer traditional pub fayre which can run alongside an excellent drinks offer including a good selection of cask ales, and a well-stocked gin bar. Currently the Duke of Wellington offers a selection of mainstream and premium lagers, ciders, spirits and minerals which customers enjoy whilst being entertained with karaoke, bingo and quiz nights and live acts.

Televised Football and Horseracing draws in customers during the week and at weekends and there is scope to build on this. There are TVs around the pub but historically the pub was well known for its pull-down big screen to show bigger sporting events.

Private Accommodation

The Private accommodation is accessed through the bar and is the footprint of the ground floor providing a fantastic living accommodation for a couple, individual or family. To the first floor you will find a split-level landing, bathroom with separate W.C, four good sized bedrooms, office, kitchen and lounge, with views of the neighbouring countryside from the front windows.

Annual Rent: £16,000

Security Deposit: £5,000

Working Capital: £1,500

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.

I am looking for an individual or couple who are sociable and engaging and have the vision and drive to make the pub the best in the area. They will need to understand the needs of the local customers and provide them with a quality community local they can be proud of. Fantastic standards are a must in order to develop the wide range of quality drinks, great entertainment and successful food offer the customers deserve and this will allow the pub to trade at its full potential.

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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