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A pub operator is needed for a venue in Witton Gilbert, close to Durham, requiring extensive experience in hospitality. The ideal candidate should have a clear vision for the food and drink menu, a marketing strategy, and the ability to drive trade through entertainment. Estimated financials indicate an annual turnover of £744,486 and in-going costs starting at £18,761.
Pub Overview
The Travellers Rest is located in the village of Witton Gilbert, close to Durham city. The pub is surrounded by mixed housing.
Demographics
The pub benefits from being one of 2 pubs found in an area of around 1,000 adults. The customer base is made up of couples, elderly and professional families.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a strong food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment and pub games machines. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and cask ales.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers.
Features
Trading Area & Facilities
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials
Estimated Total Ingoing Costs: £53,127
Estimated Minimum Ingoing Costs: £18,761
Annual Rent: £45,129
Estimated Annual Turnover: £744,486
Deposit: £11,282
Estimated Fixtures & Fittings Value: £26,845
Estimated Stock Valuation: £11,500
Estimated Working Capital: £3,500
Note: The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
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