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Plough, Gloucester

Gloucester, GL1 4JT

Your investment

£9,000

Agreement Type

Tenancy

The Plough is a well-positioned corner pub in the area of Tredworth, Gloucester. It is a double-fronted building, within the immediate area of Tredworth; a large residential area on the edge of Gloucester city centre.  This is an exciting opportunity as Admiral have just completed a full internal and external refurbishment with new fixtures and fittings including renovations to the well positioned courtyard garden.

The Plough is a well-positioned corner pub in the area of Tredworth, Gloucester. It is a double-fronted building, within the immediate area of Tredworth; a large residential area on the edge of Gloucester city centre.  This is an exciting opportunity as Admiral have just completed a full internal and external refurbishment with new fixtures and fittings including renovations to the well positioned courtyard garden.

Pub Layout

The Plough is a two-room operation with the serving bar linking both rooms in what becomes an “open” pub atmosphere.  There is seating in total for around thirty people, but with some additional seating this could be increased to forty. The ladies and gents toilets are situated just off the large outside drinking area. This area has an open fire, and a lovely beer garden to the rear of the building.

The pub is a drink led business and we want to develop this with the introduction of a wider range of drinks, including good wines, premium spirits and more cask ales. There could even be a bottled craft ale-range to really stand it apart from the competition. There also needs to be a strong online presence with great social media interaction with the immediate area. Although the pub doesn’t currently have a food offer, we strongly believe the licensee could introduce a simple snack or back bar food offering which would help bring people in for longer. This pub is at the heart of the community and live sports and pub teams are essential services with a well thought out and well executed rhythm of the week focusing on events and reasons to visit. The bias in the area is towards Rugby Union with strong local support for Gloucester Rugby team.

Private Accommodation

The private accommodation is situated over two floors. Upstairs there are three bedrooms, a shower room, bathroom and two toilets. Downstairs there is a living room and a kitchen.

Annual Rent: £14,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

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: £325 plus VAT

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

The Plough is a interesting pub with many different attributes such as the attractive courtyard and having two trading rooms in the heart of such a large community. This pub would suit a person or couple with local knowledge and ideally an interest in rugby. They would want to be at the heart of the community perhaps by raising money for charity or by playing with the pub teams. It doesn’t matter if you’re an experienced licensee or whether the Plough would be your first venture into the pub sector, it’s your passion, drive and vision we’re looking for. We want someone who’s done some research into the area and can tell us what they think the area needs by way of a pub offering. Someone who can come to us and say ‘I know what we should do to the pub’ and more importantly what you will do by way of being the licensee. We’re keen to talk to people about their ideas for our pubs rather than us dictating how our pubs should be! This is an exciting opportunity as Admiral have just completed both internal and external redecorations so this is a great opportunity to take on a newly refurbed 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 – £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.

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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