Coach & Horses

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

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.

Location

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.

Business Information

Annual rent

£25,000

Weekly rent

£481

Entry costs

£14,125

Turnover royalty

n/a

Forecasted Operator Turnover

£407,615

Forecasted Operator Profit (inc machine profit)

£26,699

Forecasted Operator Machine Profit

£5,000

Average Beer & Cider Discount*

£180

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term

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

Deposit

£6,250

Fixtures & Fittings

£0

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£14,125

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)
2019/20 143 0 936
2018/19 573 0 4,507
2017/18 510 1 4,608

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 Bars

Yes

Trade Dining Areas

No

Trade Kitchens

No

Trade Food Covers

0

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

4

Current Premises License Opening Hours

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

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

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

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

Sarah Barron, Business Development Manager

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