10 Alderwood Precinct, Sedgley, Dudley, West Midlands, DY3 3QY
A large community pub in the heart of the town
The Cabin is a well established pub with a regular customer base. Greene King are offering an excellent opportunity, to take this already popular site and maximise its potential. The business currently trades at the heart of the local community, so by getting the drink offer right and maximising the small food offering, you can really maximise the potential of this fantastic site. The Cabin is currently trading as a sports bar style operation, with big screen TV's located in the bar area, as well as a Pool table. There is also an additional lounge bar area and a function room. To the front of the Pub, there is a small decking area and potential around the side and back of the Pub garden with picnic benches scattered around, ideal for those Summer months. There are approximately 18,000 people living within a one mile radius of the Cabin, so by capturing the imagination of the general Public, the tools are in place to be a success!
Walking into the bar there is a pool table and a large serving area with three large TV's. Moving into the middle of the site there are the toilets and through to a large lounge area with another serving area.
|Car park spaces||80|
Four large rooms that are all the same - split into three bedrooms, one lounge, with a bathroom, seperate toilet and kitchen
|Annual rent||£40,000 per annum|
|Weekly rent||£769.23 per week fixed|
£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £35,725 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). Please note that the value of the fixtures and fittings is an estimate and will be confirmed on change over day.
|Fixtures & fittings||£18,000||Working capital||£9,000|
|Other costs||£1,000||Total entry cost||£35,725|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The Cabin is situated in Alderwood Precinct at the heart of the Northway estate. The 27 bus to Wolverhampton and Dudley stops immediately outside of the pub. Walkers can take a scenic twenty minute walk via Sedgley Hall Farm Park to access Sedgley Bull Ring for various bus connections and other amenities.
Current premises licence opening hours
Sun-Wed: 09:00-00:30 Thu-Sat: 09:00-01:30
“ I am looking for an excellent operator, who can grow the drinks trade and take the Cabin to the next level. This large community Pub, is located within the heart of a large housing estate and has a well established customer base. Live sports are a big draw here, so focusing on pulling in the customers on match days will be a massive opportunity to maximise revenue. If you feel you have the skills I am looking for, please do call the Greene King recruitment team who will pass your details to me. ”