Woolpack

23 Mildmay Road, Chelmsford, Essex, CM2 0DN

A welcoming pub with local ale, good pub food and great entertainment.

The Woolpack has become known as one of the best cask ale pubs not just in Chelmsford but throughout Essex. The pub has the warmth and atmosphere of a traditional ale house located in the back streets of the city centre. With up to eight cask ales available at any one time from local brewers this is a haven for the real ale enthusiast. The small snug bar offers traditional pub games and the main bar offers comfort for both drinking and eating. The patio area to the rear of the pub is well utilised throughout the year, especially when the regular and popular beer festivals are taking place.

Location

The Woolpack has become known as one of the best cask ale pubs not just in Chelmsford but throughout Essex. The pub has the warmth and atmosphere of a traditional ale house located in the back streets of the city centre. With up to eight cask ales available at any one time from local brewers this is a haven for the real ale enthusiast. The small snug bar offers traditional pub games and the main bar offers comfort for both drinking and eating. The patio area to the rear of the pub is well utilised throughout the year, especially when the regular and popular beer festivals are taking place.

Business Information

Annual rent

£39,000

Weekly rent

£750

Entry costs

£41,825

Turnover royalty

n/a

Forecasted Operator Turnover

£406,297

Forecasted Operator Profit (inc machine profit)

£38,316

Forecasted Operator Machine Profit

£7,000

Average Beer & Cider Discount*

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 • Tie variations available • Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped • Flexible pricing options available • Greene King is responsible for the structure of the building • Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry costs approximately £41,825.00, 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

£9,750

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£5,350

Total Entry Costs

£41,825

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 254 20 505
2017/18 255 54 189
2016/17 266 66 92

There are two main trading areas. To the front of the pub there is a small snug bar with a pool table and darts throw. The main bar area is made up of two split areas. Live music is a regular feature at the pub and can be accommodated at the end of the main bar area. It has a wonderful outside seating area that benefits all year round from customer use.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

70

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

0

Current Premises License Opening Hours

Mon - Sat: 10:00 - 00:30
Sun: 12:00 - 00:30

The living accommodation is in good condition and rather large for the size of the pub, it benefits from three bedrooms and lounge area.

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 looking for an operator with a passion for cask ale, as the pub is famous locally for its quality real ales. The Woolpack currently supports several local brewers, up to eight of which are regularly featured on the bar. The site is a family friendly pub that is also known for its live music events and sports nights. If you have the requisite skills to take this pub forward, then please contact the recruitment team for more information.

James Pearson, Business Development Manager

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