Town Centre

Coach & Horses

143-145 High Street, Wrekenton, Gateshead, Tyne and Wear, NE9 7JR

Gallery

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Pub overview

WET LED, TOWN CENTRE PUB

The Coach & Horses is a popular wet led, sports focused Pub. It is a popular live sport venue with football, horse racing and other sports always on the TV. Regular live entertainment is also on offer and any new operator should consider how they would maximise footfall during sporting events and which other entertainment to offer. There is no food offer in this Pub, so the focus is on great value drinking. The Pub benefits from its excellent, town centre location, so footfall is high at all times of the day, clever marketing and promotions will need to be considered to encourage customers into the Pub.

The trading space is open plan but zoned with a single bar servery, snug and pool room and sports area. There is no trade Kitchen

Trade space
Bars 1
Car park spaces 4
Patio areas 1

The accommodation consists of three double bedrooms, Kitchen, bathroom, lounge

Private space
Private Rooms6
Lounge1
Double bedrooms3
Private Kitchen1
Bathrooms1

Rent information

Annual rent£25,000 per annum
Weekly rent£480.77 per week fixed
Notes

£25,000 per annum, £480.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie

Entry costs will start from £14,125.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent Fixtures and Fittings are yet to be valued and the final valuation will be confirmed on change day. Please note this will increase your entry cost. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Brokers£750Legal£825
Deposit£6,250Stocktaking fees£150
Fixtures & fittings£0Working capital£5,000
Other costs£1,150Total entry cost£14,125

Agreement description

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2018/195734,507
2017/1851014,608
2016/174148698
Volume notesPlease note this site is currently free of tie for Wines and Spirtis

Location

Wrekenton is an area of the Metropolitan Borough of Gateshead, in Tyne and Wear, that was formerly a separate village. It is served by the B1296 and used to be a route of the Great North Road. The town is approximately six miles from Newcastle Upon Tyne and three miles from Gateshead.

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Facilities

Trade bar
Car park
Trade patio

Current premises licence opening hours

Sun - Thu: 09:00 - 23:30 Fri - Sat: 09:00 - 00:30

Contact Us

Sarah Barron

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am searching for an enthusiastic operator looking for a wet led, sports focused town centre Pub. The Coach & Horses is a popular venue with Newcastle United fans who come and watch matches and other sporting events. This Pub could be suitable for a first time operator, so if you feel you have what I takes to run this site, then please contact the recruitment team for further information ”