Taverns for sale in Telford

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Pub Tenancy Available - Hare & Hounds - Telford

Telford, Shropshire, England

  • Price: Price on application
  • Annual Turnover: £185,353
Seller Reference: PT6
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: PT6
Request Details
Business Description
COULD YOU RUN THIS PUB?

The Hare & Hounds, Oakengates in Shropshire is a traditional community pub which offers great facilities. This pub is beautifully presented pub due to recent investment and is located in a good position surrounded by houses, on the main road between Telford and Oakengates, (which bring regular passing trade). The business currently offers Live TV Sports, entertainment, premium drinks, cask ales and great quality and good value pub food. It attracts a mixture of customers including surrounding residents, customers/families looking for a bite to eat, shoppers, local office workers and is also known for weekend entertainment. As one of the bigger pubs in the area there is a great opportunity to provide the community with a go to venue for a bite to eat or Sunday dinner and make use of its fantastic outdoor beer garden space.

BUSINESS FACILITIES

The Hare & Hounds offers spacious open plan trading with a lounge bar, a good-sized restaurant area and a dedicated space for viewing TV sports. The pub has a large catering kitchen, which can provide for up to 60 covers throughout. Outside, there’s a beer garden for families to enjoy warmer days with a children’s play area. The pub also offers a spacious car park with space for 30 vehicles.

ACCOMMODATION

The private accommodation includes three bedrooms, a private kitchen and lounge.

ABOUT THE LOCAL AREA

The Hare & Hounds is situated on a busy main road on the edge of Oakengates, Shropshire just off the Greyhound Roundabout with easy access to the A442. It’s a well-populated part of Telford with lots of residents within walking distance as well as several surrounding residential areas including Ketley Bank, Snedshill, Redale and Overdale nearby.

THIS PUB MAY SUIT

The site needs an operator(s) who can trade for all occasions in the community; drive a great quality and value food offer with a good selection of drinks, manage a great team and fully engage with the local community events such as fundraising. You will be great at marketing, utilising social media to drive and promote the business.

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 a dedicated Operations 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 an Operations Manager.

FINANCIAL INFORMATION

• Initial Deposit* - £3,000
• Full Deposit - £5,125
• Rent - £395 PW
• Initial Ingoing’s* - £3,750
• Legal Fees - £750
• Maintenance Fund Per Week - £40
• Fixtures and Fittings Weekly Rent - £62
• Working Capital – £2,000 - £4,000

BUSINESS INFORMATION

• Annual Rent - £20,500
• Forecasted Annual Wet Turnover - £185,353
• Forecasted Annual Food Turnover - £82,602
• Forecasted Annual Other Turnover - £7,830
• Weighted Average Discount Per Barrel - £131
• Agreement – 3 Year Tenancy

PLEASE FILL IN THE ENQUIRY FORM BELOW FOR MORE INFORMATION
Location Details:
Hare & Hounds Holyhead Road, Telford, TF2 6DJ
Listed by:
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Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

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