Wheatsheaf

322 Eastfield Road, Peterborough, Cambridgeshire, PE1 4RA

A well presented family friendly cavery & grill, which was completely refurbished in 2019

The Wheatsheaf is a large business focussing on live sport, pub games, and regular entertainment. With the added attraction of a family friendly carvery and grill menu you could really drive this business forward by adding more of a community feel, engaging with pool and darts teams and catering for those who would like to go out and have a quality home cooked meal in a warm and comfortable environment. This is a large open plan site which has dedicated zones to suit different occasions. The pub benefits from an entrance from the street and the car park both leading directly to the main central L-shaped bar servery. The front of the pub towards the main road is set up for pool, darts, TV viewing and comfortable seating. Towards the rear of the pub there is dedicated seating for food service and family gatherings with a carvery counter. The central area is open, airy and has a variety of seating options which is also good for those wanting to meet for drinks. In total there are circa seventy covers that would suit food service. There are toilets at each end of the business and the pub benefits from two patio areas, one near the car park which allows for alfresco drinking and eating, the other on the opposite side of the building which also has an enclosed family garden attached to it. The pub is situated on one of the main roads leading into Peterborough city centre. It has regular passing trade as it is on Eastfield Road which can be accessed by the dual carriageway. In surrounding areas the pub has various academies, Peterborough's University, College and also the central park further down the road. The pub is in a busy area and to maximise sales it would be beneficial to introduce weekly events to attract the locals and to keep them coming back.

Location

The Wheatsheaf is a large business focussing on live sport, pub games, and regular entertainment. With the added attraction of a family friendly carvery and grill menu you could really drive this business forward by adding more of a community feel, engaging with pool and darts teams and catering for those who would like to go out and have a quality home cooked meal in a warm and comfortable environment. This is a large open plan site which has dedicated zones to suit different occasions. The pub benefits from an entrance from the street and the car park both leading directly to the main central L-shaped bar servery. The front of the pub towards the main road is set up for pool, darts, TV viewing and comfortable seating. Towards the rear of the pub there is dedicated seating for food service and family gatherings with a carvery counter. The central area is open, airy and has a variety of seating options which is also good for those wanting to meet for drinks. In total there are circa seventy covers that would suit food service. There are toilets at each end of the business and the pub benefits from two patio areas, one near the car park which allows for alfresco drinking and eating, the other on the opposite side of the building which also has an enclosed family garden attached to it. The pub is situated on one of the main roads leading into Peterborough city centre. It has regular passing trade as it is on Eastfield Road which can be accessed by the dual carriageway. In surrounding areas the pub has various academies, Peterborough's University, College and also the central park further down the road. The pub is in a busy area and to maximise sales it would be beneficial to introduce weekly events to attract the locals and to keep them coming back.

Business Information

Annual rent

£32,000

Weekly rent

£615

Entry costs

£17,250

Turnover royalty

n/a

Forecasted Operator Turnover

£426,268

Forecasted Operator Profit (inc machine profit)

£39,537

Forecasted Operator Machine Profit

£8,000

Average Beer & Cider Discount*

£108

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approx £17,250.00, 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 will be rented with weekly payments made

Deposit

£8,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£3,000

Total Entry Costs

£17,250

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 64 219 1,090
2018/19 180 987 3,282
2017/18 213 919 3,571

The pub has an open plan trading area incorporating one main bar servery and has approx seventy covers. It has a dedicated sports area which has TV screens and pool tables. There is a small patio area on the car park side of the building which allows for alfresco drinking and eating. There is also an enclosed family garden on the opposite side of the building which has another patio area and a large grassed area for children to play. The trade kitchen is large and well equipped just waiting for an enthusiastic operator to give food a concerted effort.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

70

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 - Thu - 11:00 - 23:30
Fri - Sat - 11:00 - 00:30
Sun - 12:00 - 23:30

The private accommodation is large and has a separate entrance so you do not have to go through the pub for access. It also has its own enclosed yard.

Private Rooms

8

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced operator who is prepared to play their part in local community. The Wheatsheaf is a large pub situated on the busy Eastfield Road in Peterborough, which was refurbished to a very high standard internally and externally in September 2019. Following the investment, the business has been re-positioned into a family friendly carvery and grill offer with sky sports and pub games. If you are looking for your next opportunity and have what it takes, please contact the recruitment team for further information

Chris Cocker, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.