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The Heywood is an ideally located pub in the middle of a highly residential area in the historical industrial town of Heywood in the Borough of Rochdale, Greater Manchester. Heywood lies on the south bank of the River Roach, 2.4 miles east of Bury and 7.4 miles north of Manchester City Centre with a population of approx. 28,000.
The Heywood is a fantastic sized pub with a huge amount of potential. The main entrance is through a set of double doors into the main lounge. The ‘L’ shaped bar is centrally located with tiled flooring and barstools surrounding. At the end of the bar you will find a carvery serving station fitted with all the required equipment, ideal for Sunday carvery’s and private functions. In front of the carvery station is the main seating area, with a number of tables with fixed and loose seating, offering around 60 covers. To the right there is an area with tiled flooring which has in the past been used as a games area which included a pool table. Accessed through the games section or a separate entrance you will find a large function room. Having it’s own bar servery, entertainment section, split of carpeted and hard wood flooring for further entertainment and could cater for around 160 covers. The pub is situated on a huge plot with an enormous space outside which could be utilized for summer events and picnic benches. The car park is located to the right hand side of the pub and could hold approx. 30 + vehicles.
The Heywood is huge pub with endless potential. It caters for functions, private events and parties on one side, whilst the other side is run as a pub in its own right. With a catering kitchen servicing both areas along with the carvery set up the Heywood does well with it’s food offer. The drinks selection caters for all of the family with a mixture of lagers, wines, spirits and minerals and also has a popular Gin selection. The Heywood is currently the home of Admiral Taverns Annual Pool and Darts competition.
The private accommodation can be accessed through the catering kitchen or through a separate entrance externally and is located on the first floor. The accommodation is in a good state of repair, has three good sized bedrooms, kitchen, lounge, bathroom and a separate toilet.
Annual Rent: £ 18,500
Security Deposit: £5,000
Working Capital: £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: £250 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
The Heywood is a big pub with a large function / entertainment room on one side and a separate lounge bar on the other. It is almost two businesses in one. The Heywood can offer a lot of different occasions all under one roof and sometimes these come together at the same time. We therefore need a licensee who can help plan and promote functions / live entertainment / events / carvery and bar food. They will need to manage both the wet and dry trade and together with both the bar and kitchen staff deliver a successful offer for the people of Heywood and the surrounding areas.
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.