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Half Moon, Spennymoor

Kirk Merrington, DL16 7JL

Your investment

£7,500

Agreement Type

Tenancy

The Half Moon is a traditional terraced community pub in the heart of the village of Kirk Merrington, around seven miles south of the historic city of Durham. Kirk Merrington has a population of around 750 residents and is a close-knit rural community. The pub is situated in the centre of the village and is one of three pubs which provide a circuit for local residents and the local church, primary school, shop and bus stops are within a stone’s throw of the pub.

The Half Moon is a traditional terraced community pub in the heart of the village of Kirk Merrington, around seven miles south of the historic city of Durham. Kirk Merrington has a population of around 750 residents and is a close-knit rural community. The pub is situated in the centre of the village and is one of three pubs which provide a circuit for local residents and the local church, primary school, shop and bus stops are within a stone’s throw of the pub.

Kirk Merrington, being part of the wider area of Spennymoor, has an older age than the national average and much of the activity and entertainment within the villages focuses around the pubs.

Pub Layout

The Half Moon is a terraced pub facing the central green in Kirk Merrington. Upon entering through the front porch you are welcomed by a central bar with seating to both the left and right, extending to the back of the building. The pub’s traditional décor is delightful and in excellent condition. There is ample seating and the comfortable and cosy surroundings are a great place for customers to relax and enjoy each other’s company.

The toilets are situated to the rear of the building and can be accessed to the left of the bar area. This is also the way out to the beer garden which on sunny days is a real asset to the business.

The pub has been serving the residents of Kirk Merrington for nearly 200 years, offering a warm welcome in a traditional setting. Whilst it is predominantly a drinks focused business the pub was well known for its Sunday lunches providing around 40 covers every weekend to hungry locals. The pub has historically served a great range of cask ales, lagers and traditional ales, all in excellent condition. The draught range is complimented by traditional spirits as well as a decent gin range. The pub has provided live entertainment in years gone by which has been well supported by the locals.

Private Accommodation

The living accommodation comprises of three good sized bedrooms, a spacious living room, kitchen and bathroom all in good order.

Annual Rent:  TBC. Rent Steps available

Security Deposit: £2,500

Working Capital: £2,000

Stock: £2,500

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.

The Half Moon proudly services the residents of Kirk Merrington and form part of the three-pub circuit in the village. It is a locals pub and is the heart of the community now and for years to come. The licensee should cater for young and old customers alike and be a champion for the local community. A warm and friendly face behind the bar, the licensee will need to provide excellent quality drinks and a small food offer is appropriate, supported by excellent standards and a welcoming environment. They should look to build ties with the local church and school to become a real hub for the village and in doing so will be well supported by the local residents.

A passion for cask ales and pride in looking after them is essential as is the ability to offer a small supporting quality food offer.

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 – 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 – £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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