LOOKING TO RUN A PUB?
Situated on a main road in a small village in rural County Durham, the Black Bull is a community mainstream pub that also offers a suite of 4 letting rooms. It’s popular with locals and also benefits from tourist trade in the summer months, when people visit from the local caravan parks and walkers and cyclists choose to stay in the guest rooms.
With a traditional look and feel, the Black Bull has a small bar to one side and a larger lounge, used as a dining area, to the other side. These are both serviced by one long ‘walk-through’ bar. The small but well-equipped kitchen can provide for up to 25 covers at full capacity. The pub offers 4 letting rooms on the first floor, with free WiFi provided throughout. Outside, there’s a paved area around the front entrance with benches and a larger paved beer garden to the rear, complete with a smoking solution.
The second-floor domestic accommodation consists of two bedrooms, a kitchen and a lounge. Punch will ensure that this accommodation is in good order.
ABOUT THE LOCAL AREA
The Black Bull is located on a main road in the small village of Wolsingham, which sits on the River Wear and is surrounded by other villages and farming community. Durham city centre is about 25 minutes’ drive away. Wolsingham’s location on the Cleveland Way at the edge of the North Pennines Area of Outstanding Natural Beauty means that the pub attracts plenty of walkers and cyclists.
THIS PUB MAY SUIT
Ideal for a local operator with knowledge of good quality pub food and experience in driving letting room sales.
ABOUT THE AGREEMENT
Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.
You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.
Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.
Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.
* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager.
• Initial Deposit* - £3,000
• Full Deposit* - £3,750
• Rent - £172 PW
• Initial Ingoing’s* - £3,750
• Legal Fees - £750
• Maintenance Fund Per Week - £40
• Fixtures & Fittings Weekly Rent - £53
• Working Capital - £2,000 - £4,000
• Annual Rent - £9,000
• Forecasted Annual Wet Turnover - £123,718
• Forecasted Annual Food Turnover - £26,000
• Forecasted Annual Letting Room Turnover - £32,604
• Forecasted Annual Other Turnover - £3,465
• Weighted Average Discount Per Barrel - £131
• Agreement – 3 Year Tenancy
PLEASE FILL IN THE ENQUIRY FORM BELOW FOR MORE INFORMATION
Cherub House, 24 Market Pl, Wolsingham, Bishop Auckland DL13 3AB, UK