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Wheatsheaf, Biggleswade

Biggleswade, SG18 0LS

Your investment

£15,000

Agreement Type

Tenancy
  • Steady business for 35 years
  • Low overheads & easy to maintain
  • Surrounded by residential houses, whilst only a short walk to the town centre.

Nestled within the heart of Biggleswade, a charming Bedfordshire town, the Wheatsheaf stands as a welcoming presence in a quiet, residential enclave. Just a leisurely 10-minute stroll away lies the bustling town centre, adorned with an array of shops, vibrant bars, cosy cafes, and delightful restaurants. Biggleswade, a quintessential working-class town, exhibits its character through the presence of small industrial factories, town centre retail shops, and an expansive retail park on the town’s fringes. Over the past decade, this town has experienced a remarkable transformation, with the emergence of vast new housing estates that have nearly doubled its size. Conveniently situated in close proximity to the A1M and a commuter train line connecting to London, Biggleswade enjoys excellent transport connections.

Pub Layout

The Wheatsheaf, a two-story terraced pub, boasts a curb-side entrance and shares its surroundings with properties of a similar ilk, as well as a few newer houses. This cozy establishment operates as a one-bar pub within a compact trading area. Upon stepping through the primary pavement door, patrons are greeted by the petite bar, which takes centre stage and caters to a snug trading area with seating for approximately 30 discerning customers. Both restrooms are conveniently located off the trade area, and the door leads seamlessly to the enchanting rear terrace and garden space. Outside, guests can relish a spacious covered terrace and a sizable rear garden, complete with children’s play equipment. Parking options are available roadside, ensuring hassle-free accessibility.

 

The Wheatsheaf prides itself on being a 100% wet-led pub, offering a diverse selection of standard draught beers and a consistently satisfying range of cask ales. The pub’s character is embodied through the dominance of draught sales, making it a haven for beverage enthusiasts. While the establishment lacks a commercial kitchen, it compensates with well-received summer BBQ events that draw substantial support from its loyal clientele.

Private Accommodation

This consists of three bedrooms, lounge, kitchen and bathroom all in very good condition.

Annual Rent: £19,000

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

F&F: £TBC – Funding options may be 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.

This charming establishment is ideally on the lookout for a couple ready to immerse themselves in the local community and become the cherished landlords of this beloved local pub. For the past 35 years, the Wheatsheaf has been under the nurturing care of a remarkable couple who are now gracefully transitioning into a quieter retirement phase. The ideal successors would be a local couple who can seamlessly step into the shoes of the current tenants, continuing to serve the local customers while fostering the pub’s growth and potential for the future.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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