Pubs for sale in Droitwich

View the "LEASED PARTNERS OPPORTUNITY - Old Cock" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Mr & Mrs Campbell (Jan 2015)
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Asking price: Price on Application
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Business Description
OVERVIEW

The Old Cock Inn is a historical pub dating back to the reign of Queen Anne. The pub is conveniently situated on the high street of Droitwich Spa.

TRADING AREA AND PRIVATE ACCOMMODATION

The Cock Inn has trading areas on two floors. On the first floor there is a function room facility for around fifty people. The main trading area is situated on the ground floor with a central bar and traditional furnishings and seating throughout. The decoration is well maintained as is the quality of the furnishings. There is also another room to the rear of the pub which currently offers a bespoke area for live entertainment and can be used for dining too if needed. The Old Cock Inn also benefits from a spacious and well-appointed commercial kitchen. The rear patio area is in good order and can seat around thirty to forty people.

The private accommodation consists of two double bedrooms, a bathroom, a kitchen and a lounge. There is also private parking provision to the rear of the property.

LOCAL AREA AND CUSTOMER BASE

Being in the centre of the town, the site is close to all the local amenities you would expect to find in a small town such as Doitwich Spa.

The Old Cock Inn currently attracts several local clubs such as bridge and the choir groups. It also entices a mixed customer base on the weekends depending on the entertainment being offered. The pub hosts regular quiz nights which increase trade levels. By networking with local groups as well as developing a more extensive food offer, the new operator would be able to attract new customer groups.

BUSINESS POTENTIAL

The pub is trading well and the live entertainment in the ‘live’ room has proved to be a popular attraction locally. With the right operator the Old Cock Inn should be trading in excess of £5,000 per week.

The successful applicant will have a passion for quality and food experience. They will be an individual with personality who can give the locals a reason to visit the site. They'll need some food experience to enable them to the food side of the business and they'll better market the function room to increase usage.

AGREEMENT

Pathway Tenancy
Fully tied
Barrelage Discount £75
Fair Maintainable Turnover* £247,074 p.a.
Ingoing Costs****
Working Capital £5,000
Training Fee £550+VAT
Security Deposit £5,962
Stock and Glassware £2,500
Legal fees £850+VAT**
Initial Contractual Costs ***
Rent £23,850 p.a.
Service charge £1,350p.a.
Decorating fund £1,000 p.a.
Insurance £600 p.a.

Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement
****You will need to obtain independent advice from a qualified accountant, RICS qualified surveyor and a qualified solicitor at your own cost
Listed by: Marstons
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127039
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