Under Offer

Ship

Church Lane, Redmarshall, Stockton On Tees, Durham, TS21 1EP

Pub overview

A real destination food pub situated in Redmarshall, a great location which caters for locals and passers by alike.

The pub currently trades as a country dining pub, as well as catering for the locals from the surrounding area. It has a fantastic reputation for its food, in particular Sunday lunch.
There is great opportunity to maintain the current level of trade whilst also increasing it by putting your personal stamp on the business.

The pub is of open plan however zoned well enough to allow separation from the bar and restaurant area. There is access from the pub through and into a large enclosed beer garden with a further 40 covers. A large trade kitchen to the rear of the pub is well positioned and equip to deliver the current volume of food.

Trade space
Bars 1
Car park spaces 30
Dining rooms 1
Food covers 72
Gardens 1
Trade kitchens 1
Patio areas 1

Spacious living accommodation.

Private space
Private Rooms 7
Lounge 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £30,000.00 per annum plus 8.00% Turnover Royalty
Notes

£30,000 per annum, £576.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £28,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note the fixtures and fittings can be purchased on an assisted purchase agreement, which requires 25% (£6,500 upfront) of the full valuation figure (£26,000).

Brokers £675.00 Legal £825.00
Deposit £7,500.00 Stocktaking fees £150.00
Fixtures & fittings £6,500.00 Working capital £2,000.00
Other costs £11,150.00 Total entry cost £28,800.00

Agreement description

Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 134 472 8,484
2014/15 125 360 6,477
2013/14 62 343 2,010
Volume notes

Location

The Ship is an attractive Olde Worlde pub, approximately 260 years old, in a beautiful village setting. Only 5 minutes from Stockton and 15 minutes from Darlington.

The pub was originally built from the timbers of ships that floundered off the River Tees, hence the name.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Contact Us

Andy Wearn

Business Development Manager

Call us today 0845 607 5330

Apply online
“ This is a superb opportunity to run a true country local pub in Redmarshall. It has a great reputation for food, drink and a welcoming atmosphere. ”