250 Wood End Road, Wednesfield, Wolverhampton, West Midlands, WV11 1YQ
An exciting opportunity to bring this large community pub back to life.
The Pheasant occupies a prominent position within a residential area of Wednesfield. The site is situated on a busy main road and has a large car park, so benefits from regular use from local residents and passers by. The Pub has an open plan trading space, a very large garden with play equipment and a commercial kitchen, so the Pheasant has all the attributes required to develop a sustainable community pub. This has been a busy locals pub in the very recent past and investment in 2017 has left the business in great condition to rebuild the lost trade. A hands on, community focused operator could really prosper here, and Greene King will offer all the help and support needed to make this venture a success.
Trading space is open plan with a central bar counter. The space is zoned into bar, lounge and games areas with easy access into the large and secure rear garden with childrens play equipment. There is ample parking to the front and a corner plot provides stong roadside presence.
|Car park spaces||30|
|Child play areas||1|
A large flat with private access comprises 3 double bedrooms, kitchen, bathroom and living space
|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 £28,525 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).
|Fixtures & fittings||£15,000||Working capital||£5,000|
|Other costs||£800||Total entry cost||£28,525|
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)|
|Volume notes||Please note this site is currently free of tie for wines and spirits|
A large detached property on a main thoroughfare through the housing estate, the Pheasant is well placed to attract trade from the community. With a population of over 30,000 within a 1 mile radius, the Pheasant has a large surrounding community to attract regular custom
Current premises licence opening hours
Sunday to Wednesday: 09:00-01:00 Thursday to Saturday: 09:00- 02:00
“ We are looking for an experienced, local community focused licensee with great hospitality skills to bring this pub back to life. You will need to be familiar with driving footfall from TV sports viewing, pub entertainment and community activity. This pub has been a busy community house in the recent past and rewards will be there for the right licensee. If you have the skills we are looking for, please contact the recruitment team for more information ”