Wheatsheaf

322 Eastfield Road, Peterborough, Cambridgeshire, PE1 4RA

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Pub overview

The Wheatsheaf is a big wet led business focussing on live sport, pub games, and regular entertainment. You could really drive this business by adding a more community feel, engage with pool and darts teams and add a simple food offer for those who would like to go out and have a nice 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 rear of the pub is set up for pool, darts, TV viewing and comfortable seating. However towards the front of the pub there is a raised area which can be used for entertainment or private groups visiting to dine. The central area is open, airy and has a variety of seating options which is also good for those wanting to dine or meet for drinks. In total there are circa 70 covers that would suit food service. There are toilets at each end of the business. The pub benefits from two patios 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 a beer 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 academy's, Peterborough's University, College and also the central park further down the road. The pub is in a busy area and to maximise sales would be good to introduce weekly events to attract the locals and keep them coming back.

The pub has an open plan trading area incorporating one main bar servery and has approx 70 covers. It has a dedicated sports area which has TV screens and a pool table. There is a small patio area on the car park side of the building which allows for alfresco drinking and eating. There is also a beer 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 space
Bars 1
Car park spaces 25
Dining rooms 1
Food covers70
Gardens 1
Trade kitchens 1
Patio areas 2

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 space
Private Rooms8
Lounge1
Double bedrooms3
Private Kitchen1
Bathrooms1
Toilets1
Office1

Rent information

Annual rent£15,000 per annum
Weekly rent£288.46 per week fixed
Notes

£15,000 per annum, £288.46 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 £15,205.00 which includes fixture and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Fixtures & Fittings to be rented, full cost approximately £12,000.00 subject to valuation*

Brokers£675Legal£350
Deposit£6,000Stocktaking fees£180
Fixtures & fittings£0Working capital£5,000
Other costs£3,000Total entry cost£15,205

Agreement description

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

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

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182135684,490
2016/172014205,016
2015/1624792,768
Volume notesThis pub has in the past been free of tie on wine and spirits.

Location

The pub is situated on the busy Eastfield Road just 5 minutes north east from Peterborough city centre. In the immediate vicinity is Peterborough regional college, University campus, and lots of residential property offering a large catchment of custom, with minimal competition for quite a distance. Two miles further out of town is a good sized trading estate that could provide healthy food custom at luchtime and early evening.

Facilities

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

Current premises licence opening hours

Monday - Thursday - 11:00 - 23:30 Friday & Saturday - 11:00 - 00:30 Sunday - 12:00 - 23:30

Contact Us

James McIver

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Wheatsheaf is a big pub situated on the busy Eastfield Road in Peterborough. We would be looking for a community oriented operator(s) who want to engage and be apart of the local area. We would like them to drive the profile of the pub and be the face of the business. ”