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White Horse, South Shields

South Shields, NE34 7QZ

Your investment

£5,000

Agreement Type

Tenancy

Situated at the end of the estate right opposite the bus stop and in good walking distance to Marsden via the public pathways which are a popular route for horse riding and walkers alike. The pub is situated in an area with strong transport links with a bus turning circle directly opposite the pub.

Situated at the end of the estate right opposite the bus stop and in good walking distance to Marsden via the public pathways which are a popular route for horse riding and walkers alike. The pub is situated in an area with strong transport links with a bus turning circle directly opposite the pub. This pub has a great significant historic interest with three purported paintings of the local area, one of which has been uncovered and preserved for Marsden. There are strong links to darts and pools team as well as football. The pub is in very good condition and has been refurbished and well maintained.

Pub Layout

This is a large detached property boasting of a separate bar, pool and sports area and a separate restaurant.  The pub also has a large amount of outdoor space, with a large car park, front beer garden and a covered side patio.

At its core the Community Pub should always provide a relaxed and friendly atmosphere for customers living in the neighbourhood. To excel, Community Pubs need to be at the hub of their neighbourhood, a focal point for locals. Supporting the many and varied interest groups of the community, darts, pool, fund raising, local schools, business networking, whatever they may be is key.

Private Accommodation

Private accommodation boasts of a newly fitted kitchen and bathroom, with a lounge and two bedrooms.

Annual Rent: £TBC

Security Deposit: £2,000

Working Capital: £2,000

Stock: £1,000

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.

You’ll need to have experience of working within a business where price is the key driver, and knowledge of pub team operations will also come in handy. You’ll have some ideas to attract customers who haven’t been here before – perhaps using the pub’s huge car park for festivals or seasonal events – and you’ll be keen to bring in a range of deals and offers. Get the balance right at the White Horse and you stand every chance of turning this successful pub into an extraordinarily profitable venture.

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 – £28.01 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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