The Fourways pub is a community local pub located in a prominent position on the main crossroads of Blyth.
Trading area and private accommodation
The pub has a restaurant area with 70 covers and a bar area which can be used for sports games or casual dining. The site also boasts an external beer terrace which is great for the summer months and the pub also has a large car park. There are six letting rooms which can provide an additional source of income.
The private accommodation consists of three bedrooms, a living room, a kitchen and a bathroom which are all in good condition. One of the letting rooms could be used by a staff member is required.
Local area and customer base
Blyth is an affluent village located just off the A1. It is known for providing food and accommodation for travellers and tourists and this has been the story of Blyth for over 900 years. The village is predominantly residential with some shops and amenities.
Currently the Fourways attracts a diverse range of customers including locals, businessmen, tourists and diners from surrounding villages. The Sunday carvery and cask ales are popular with customers.
The pub is currently trading at £3,500 per week (65/35 wet/dry split) but has the potential to be developed as a destination dining venue. This is an established business so it provides a great starting platform for the new operator to build from by pushing the food side of the business.
The successful operator will be an experienced food operator who has the required skills to market and promote a diverse business and maximise the sales potential.
This pub is available on our retail agreement:
•A five year agreement
•You retain 22% of all sales made
•We pay for all repairs, investment, bills, stock and property insurance
•You pay your staff and council tax on the private accommodation
•Training is provided free of charge
•A £5,000 security deposit and £360 legal fees apply
•You will be required to obtain independent advice from a qualified accountant, RICS qualified surveyor and qualified solicitor at your own cost
*Please note that this pub is only available on an agreement expiring no later than 14th December 2017.
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