Wharf Tavern
2390 Stratford Road, Hockley Heath, West Midlands, B94 6QT
A TRADITIONAL COUNTRY INN
The Wharf Tavern located in the village of Hockley Heath is a traditional country inn with large garden and parking. There is a strong opportunity here for real ale and good quality pub food. We would expect to see the new partner create a compelling food and drink offer to appeal to drinkers and eaters alike. A quirky food offer that can do volume on busy summer days would be hugely beneficial due to the outstanding garden which lies next to the Canal. We will also be planning an investment scheme to improve the kerb appeal of the pub to help the new partner make an impact.
Bar
Childplay areas
Dining areas
Garden
Kitchen
Patio
Location
Hockley Heath is situated on the busy A3400 which leads to Henley in Arden and Stratford, in the West Midlands. It is situated next to the Stratford Upon Avon Canal and is 5.5 miles from Solihull.
Business Information
Annual rent
£42,000
Weekly rent
£808
Entry costs
£30,375
Turnover royalty
n/a
Forecasted Operator Turnover
£608,521
Forecasted Operator Profit (inc machine profit)
£41,671
Forecasted Operator Machine Profit
£4,000
Average Beer & Cider Discount*
£72
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term. Machine income retained by operator.
Entry cost is approximately £30,375 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £28,000. 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
£10,500
Fixtures & Fittings
£7,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£30,375
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 252 | 2,793 | 7,139 |
| 2022 | 264 | 3,341 | 7,752 |
| 2021 | 148 | 1,759 | 4,523 |
There is a central bar with sports area to the right and seating for diners to the left. There are some areas that can be separated for dining. The lovely garden offers plenty of seating and a child's play area. There are 56 internal covers, expanding to 156 with the garden included.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
74
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
1
Function Rooms
0
Customer Car Park Spaces
35
Current Premises Licence Opening Hours
Opening hours to be confirmed
The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom, toilet and office.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
The Wharf Tavern would suit an experienced entrepreneur with food experience, who can see the potential in the pub and add a great food offer to the existing wet trade without alienating the drinkers.
Bruce Wakeling, Business Development Manager
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