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Pub Management Partnerships In Rowley Regis –  The Knights Quest !

Are you looking for pubs with shared management partnership opportunities if so The Knights Quest  Rowley Regis  (West Midlands)  is now available  Via Love Your Pub! Here at Love Your Pub we know about all the best pubs that are becoming available and This is one! Why not contact the team today for more information about this venue and how you can take the next step in your hospitality career!

 

Pub Management Partnerships In Rowley Regis –  The Knights Quest !
Pub Management Partnerships In Rowley Regis –  The Knights Quest !

Pub Management Partnerships In Rowley Regis –  The Knights Quest !

Description

The Knights Quest is a large pub situated just outside the centre of Rowley Regis. It has a prominent road side location, surrounded by businesses and housing. It benefits from a large car park and outside seating area.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Overview

The Knights Quest is a large pub situated just outside the centre of Rowley Regis. It has a prominent road side location, surrounded by businesses and housing. It benefits from a large car park and outside seating area.

Internally it has a large open plan area, with a large central bar, seating area with 65 covers in the day, a dance floor for the evening and a stage. Outside there is a beer garden to the front and a terraced area to the rear.

The Knights Quest is a real chameleon pub, currently opening 7 days a week from 9am, serving breakfasts and offering a carvery daily, come the evening it is all about the live entertainment , which is available every night. The weekend operates a late license until 2pm.

Due to everything it offers the customer base varies from people wanting traditional ale and home cooked food in the day, to a lively crowd on the weekends. This is already a successful business and is an opportunity for someone to drive it forward as it is or re invent the Knights Quest.

The Opportunity

You can have the best of both worlds with our new and exciting Pillar Agreement.  Support is key for this turnover-share agreement which shares the risk and the opportunities between both parties, creating a partnership and focus to give your guests a first-class experience. We share the net sales and some of the cost base – building a deal that gives both parties a solid base to build and grow a profitable business.

• The option to leave your old life behind and be your own boss
• Live rent-free in the pub
• Marston’s will pay your utilities for you – lighting, heating and water
• Between us we will agree the wet product range to support your food offer.
• You retain an agreed percentage of all income streams (net of VAT) and have full control over your food offer and accommodation (where applicable)
• Low ingoing costs
• Marston’s will take responsibility for all repairs and decoration both internal and external, (except the private residential accommodation).
• No service charge applies to this agreement
• Have your Broadband, cutting-edge EPOS system and online booking tools (where appropriate) supplied by Marston’s
• Fixtures and fittings would be owned by Marston’s
• Keep 50% of the profits from any gaming machines
• Offer the award-winning range of fantastic Marston’s beers, wines, spirits and minerals
• Have your drinks stock supplied and paid for by Marston’s
• Expert induction training plus on-going training and support from your dedicated Business Development Manager and support teams

Things to consider
You’ll need to put in a £5k deposit, plus legal fees and monies to cover your insuring obligations under the agreement (except building insurance, which we’ll pay for and recharge to you). Also, you’ll want to start thinking about your team; taking care of paying them and all other employment matters. We’re on-hand to offer guidance as you plan your business overheads, like business rates (and your own residential Council Tax).

Before we all sign the agreement and see you heading into a whole new life, you will need to show us proof that you have taken independent financial advice from a suitably qualified accountant on your business plan and professional advice from a solicitor, in accordance with the requirements of the Pubs Code Regulations. And, of course, obtain your personal licence (which we’ll help with) and complete your induction training.

This is a five-year commitment, so you have plenty of time to build a successful business.  However, if you do want to leave early, there is a break option in the agreement which entitles you to give six months’ notice to terminate.

Private Accommodation

Private Kitchen
Yes
No of Double bedrooms:
3
No of Reception rooms:
1
No of Private bathrooms:
1
Office
No
Pub Management Partnerships In Rowley Regis –  The Knights Quest !
Pub Management Partnerships In Rowley Regis –  The Knights Quest !

 

Financial Info

Estimated weekly sales:
£6-7K but with potential of £10k
Sales Mix:
80/20 wet led
Retailer % Wet Sales:
TBC
Retail % Food Sales:
TBC
Retailer % Rooms Sales:
N/A
Security deposit:
£5,000
Legal fees:
£360
Working capital:
£1,000
Total ingoing costs:
£6,360

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