Pub Overview
Attractive New Deal - BDM support with 50% rent in year one, lower ingoing costs, high discount on draught beers.
Fantastic opportunity to develop this great pub business on a picturesque, canal side location. What would you do with this pub to make it a success?
The area
The Boathouse is located just outside of Walsall, on a picturesque canal side location. The pub is surrounded by residential housing.
The pub benefits from being one of 3 pubs found in an area of around 1400 adults. The diverse customer base is made up of young families, singles and retirees.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in developing a competitive 80/20 wet/dry food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a 100% wet led offer, live entertainment and the outstanding beer garden on the banks of the canal. It offers a selection of popular beers, ciders, wines and spirits and cask ales. The introduction of a food offer will drive trade to the next level.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. Knowledge of the local area would be beneficial.
The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and can create a memorable experience for their customers.
Special Offer
Unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months’ deposit. We are also happy to discuss a deposit build up as part of the negotiations.
Features
* New Deal
* Foundation Tenancy
* Catering Kitchen
* Car Park
* Outdoor Trade
* Private Accommodation
Trading Area & Facilities
* Open-plan layout with 3 separate trading areas and central bar
* Unique, boat seating for an immersed dining experience
* 100 internal covers
* 100 external covers
* Small, functional kitchen
* Large Picturesque beer garden with outside bar on the banks of the canal
* Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and office located downstairs, away from the trading area.
Pub Financials
Estimated Total Ingoing Costs: £60,176
Estimated Minimum Ingoing Costs: £16,708
Annual Rent: £22,832
Estimated Annual Turnover: £377,841
Deposit: £11,416
Estimated Fixtures & Fittings Value: £37,760
Estimated Stock Valuation: £7,500
Estimated Working Capital: £3,500
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