Boat

Cannock Road, Penkridge, Stafford, Staffordshire, ST19 5DT

Your chance to run a pub in a beautiful canal side location.

We require a hands on, experienced food operator who has the passion to work within the local community and build great relationships with the locals and passers by alike. The Boat has a reputation as being a traditional cask ale and food outlet which also shows major sporting events on TV. The Pub is situated canal side in the lovely village of Penkridge, the site has a steady day trade with a fantastic outside space to take advantage of. During the Summer months, there are numerous long boats driving up and down the canal, looking for somewhere for lunch, dinner and drinks!

Location

Business Information

Annual rent

£30,500

Weekly rent

£587

Entry costs

£44,350

Turnover royalty

n/a

Forecasted Operator Turnover

£382,557

Forecasted Operator Profit (inc machine profit)

£30,194

Forecasted Operator Machine Profit

£3,000

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Average Beer & Cider Discount*

£180

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £44,350.00, 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 valued at approximately £20,000 and the final valuation will be confirmed on change day. 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

Deposit

£7,625

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£5,000

Total Entry Costs

£44,350

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 180 138 5,456
2018/19 285 1 9,137
2017/18 301 4 9,767

The pub has a single manageable central bar with a small dedicated dining area and open plan dining and drinking around the bar area. The pub is located on a canal side spot and benefits from an attractive patio dining area and a small car park for approximately twenty five cars.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

30

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

25

Current Premises License Opening Hours

Mon - Sat: 10:00-00:30
Sun: 10:00-00:00

The private accommodation is in reasonable condition and includes two double bedrooms and one single bedroom.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am looking to work with an experienced operator who has the skills to attract both locals and visitors to the pub and to build a viable food offering for this canal side pub. Being situated alongside the Staffordshire/Worcestershire canal, the busy Summer will be essential to your success and attracting tourists will be key. If you are looking for this type of challenge, please contact our recruitment team for further information.

Asa Charlton,

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