Cabin

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!

Location

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£39,875

Turnover royalty

n/a

Forecasted Operator Turnover

£377,799

Forecasted Operator Profit (inc machine profit)

£39,752

Forecasted Operator Machine Profit

£15,000

Average Beer & Cider Discount*

£180

Type of Tie

Full tie: All products

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £39,875.00, 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 £18,000 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

£10,000

Fixtures & Fittings

£18,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£9,000

Other Costs

£1,150

Total Entry Costs

£39,875

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)
2019/20 247 1,243 4,449
2018/19 306 849 5,926
2017/18 295 1,910 5,582

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.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

No

Trade Food Covers

0

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

80

Current Premises License Opening Hours

Sun-Wed: 09:00-00:30
Thu-Sat: 09:00-01:30

Four large rooms that are all the same - split into three bedrooms, one lounge, with a bathroom, seperate toilet and kitchen

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

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.

Asa Charlton,

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