Are you looking to lease a pub in the Staffordshire area? ‘The Park Gate Inn’ Cannock Wood is available !
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Lease A Pub In Staffordshire – The Park Gate Inn Cannock Wood Is Available !
Lease A Pub In Staffordshire – The Park Gate Inn Cannock Wood Is Available !
The transformational works at the Park Gate Inn, coupled with a new and enticing food offer will create a delightful space where locals will look forward to spending their time. The bar area will be completely refurbished and split into three separate sections called ‘The Nook,’ ‘The Boot Room,’ and ‘The Garden Room’ to create different spaces with their own individual feel for customers. In addition to this, the inviting and varied outdoor areas will draw in customers who want to sit outside in the warmer months.
Well located in the Cannock Wood Village, The Park Gate Inn is perfectly placed to allow the venue to serve a large number of locals within a 4-mile distance. The local area is densely populated with 45,000 people within a 10-minute drive away, and another potential 200,000 customers within a 20-minute drive away. Plus, with limited competition, this will make the newly refurbished bar the go-to place for a relaxing drink or meal.
The pub already has some fantastic natural finishes including stone floors, wooden beams and real fireplaces. The new refurbishment will enhance these features and add to them, helping the venue appeal to a broader range of customers. Whether it’s locals looking to relax in the bar, visitors enjoying a day-out or couples wanting to share a delicious meal, The Park Gate Inn will offer something for every type of customer.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Trading Area & Facilities
Internally the pub already has some fantastic natural finishes including stone floors, wooden beams and real fireplaces. The new refurbishment will enhance these features and add to them, helping the venue appeal to a broader range of customers.
The varied outdoor areas will draw in customers who want to sit outside in the warmer months.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
Private Accommodation
The private accommodation consists of 3 bedrooms, lounge, kitchen and bathroom, where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Premises Licence Details
Refer to the Premises Licence for full details
Premises Licence Opening Hours
Mon 11:00 –23:00
Tues 11:00 –23:00
Weds 11:00 –23:00
Thurs 11:00 –00:00
Fri 11:00 –00:00
Sat 11:00 –00:00
Sun 11:00 –23:30
Annual Rent £69,000
Estimated Tenants Annual Operating Profit £70,500
Representative HEINEKEN UK Brand Discount Per Barrel £125
Estimated Annual Turnover £855,454
Estimated Annual Barrelage 253
* 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
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £50,000
Estimated Fixtures and Fittings Valuation Fee £250
Estimated Stock Valuation £12,500
Deposit Amount £17,250
Rent in Advance £1,327
Training Fee £425
Estimated Designated Premises Supervisor / Manager Fee £50
Premises Licence Fee £180
Rates Assessment Fee £55
Estimated Legal Fees £650
Estimated Total Ingoing Costs £82,687
Estimated Minimum Ingoing Costs £82,687
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month’s rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month’s rent will be required for operators trading under a Limited Company with no Guarantors.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £2,407
Estimated Annual Maintenance Compliance Charge £1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £6108
Estimated Annual Repairs Fund £1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
Enthusiastic Operators Wanted
This site would ideally suit an energetic operator or couple who can develop the already well-established drinks and food trade. The ideal candidate would have the ability to engage with the local community and continue to deliver high standards.
It is a fantastic opportunity for the right person to unlock this pub’s potential. So, could that be you?
