Run a Star Pub - Plough Inn Wollaston - Stourbridge

Star Pubs Leased & Tenancy; Stourbridge; On-site; GBP 37,000; Full time

Job summary

An exciting investment opportunity awaits at a vibrant pub in Wollaston, near Stourbridge. The Plough Inn is set for a full refurbishment, promising a fresh and inviting atmosphere for patrons. With a focus on quality food and drinks, this establishment is ideal for an experienced operator or a passionate individual ready to create a thriving pub experience. The pub features private accommodation and a well-planned entertainment schedule, making it a lucrative investment in a community with significant potential. If you have a strong customer focus and a vision for success, this opportunity could be your next big venture.

Benefits

Private accommodation

Catering kitchen

Car park

Outdoor trade

Investment tenancy

Refurbishment planned

Qualifications

• Experience in hospitality and understanding of local demographics are crucial.
• Passion for creating a welcoming pub environment is essential.

Responsibilities

• Manage the refurbishment and operations of the Plough Inn.
• Build a successful pub experience and engage with the local community.

Skills

Understanding of the local community

Previous experience in the retail sector

Business development skills

Customer service skills

Job description

Pub Overview

Exciting Investment Opportunity: the Plough Inn Pub Refurbishment Planned!

Seeking a lucrative pub investment? Situated in Wollaston (Near Stourbridge), The Plough Inn offers a unique advantage with its close proximity to nearly 4,000 residents within a 10-minute walk. Surrounded by a med/high affluence demographic and only facing competition from 4 other pubs nearby, this opportunity is primed for success for the right licensee.

With planned full refurbishments inside and out, including enhanced garden areas and premium decor, this pub is set to become the preferred destination for quality food and drinks for patrons of all ages and genders. Whether you're an experienced multiple operator or someone passionate about creating a strong all-round pub experience, this establishment with 37 covers, private accommodation featuring 3 bedrooms, and a well-planned entertainment schedule promises a profitable investment in the thriving Wollaston community.

The offer

The Plough Inn is available on our investment tenancy agreement. Click here for more information on this agreement.

When refurbished, the Plough Inn will offer:

Drinks: Picture a wide-ranging selection of beverages, including lager, cider, traditional cask as well as a quality selection of spirits and wines to complement the offer.

Food: Delicious, high-quality dishes crafted from locally sourced ingredients and cooked to perfection.

Coffee: Start the day right with a bean-to-cup coffee offering, ensuring a fresh and satisfying brew every time.

Events: Imagine a lively weekly schedule featuring live entertainment and engaging activities to draw in patrons.

The operator

This site would be ideal for a multiple operator looking for a new site to add to their portfolio. Also, attitude is more valuable than experience, so if you’ve got the following, we’d love to hear from you:

• Understanding of the local community
• Previous experience in the retail sector
• You know what it takes to build a successful business
• You love hospitality and are great with customers

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub's next chapter...

Features

• Catering Kitchen
• Car Park
• Outdoor Trade
• Private Accommodation
• Investment Tenancy
• Cask Ale
• Refurbishment Planned

Trading Area & Facilities

The Plough Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pub's trading area and facilities post refurbishment will be:

• Main bar with central bar servery
• Separate dining room / Lounge zones
• 37 internal covers
• 40 external covers
• Good size kitchen
• SmartDispense
• Large garden area
• Car park with 25 spaces

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.

Pub Financials

Estimated Total Ingoing Costs

£51,954

Estimated Minimum Ingoing Costs

£51,954

Annual Rent

£36,850

Estimated Annual Turnover

£525,477

Deposit

£9,213

Estimated Fixtures & Fittings Value

£34,241

Estimated Stock Valuation

£5,000

Estimated Working Capital

£3,500

The above figures are provided as a guide only and will be finalized as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalized at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build-up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements, deposits will always be 3 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum of £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow