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The Midland occupies a very prominent site, opposite Cheltenham Spa railway station. The position and facilities will give a new publican the ideal opportunity to maximise the trade from both locals, and visitors alike. The internal trading has two main bar areas. The front bar is a snug, carpeted throughout with traditional fittings and 25 covers. The main bar room doubles as a games area with a pool table and darts board, and this is also used as a lounge and restaurant for 26 covers. Downstairs from the main trading area is a large function room which can comfortably seat 60. It is regularly used for weddings as it has its own bar, a stage and a dance floor and live music is also held here when the races are on. The trade kitchen leads onto the function room and is fitted out to provide a good traditional food offer and with some development would be able to produce a quality menu. There are twelve letting rooms available, three of which have showers, the rest have shared bathroom facilities. To the front of the pub is a raised patio area facing the main road. There are several picnic benches that provide 24 covers in total. A small car park is located to the rear with space for six vehicles.
Agreement Fee: £750.00
Cash Float: £5,000.00
Fixtures & Fittings: £30,000.00
Forecast Turnover: £477,373.29
Full Deposit: £9,000.00
Full Tie Release: £42,250.00
Guide Rent: £36,000.00
Initial Deposit: £0.00
Repair Fund: £3,000.00
Stock & Glassware: £2,500.00
Working Capital: £35,500.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £61,173.07
Forecast Other Turnover: £102,289.95
Forecast Wet Turnover: £313,910.27
The Midland Hotel is a large pub in an excellent location next to Cheltenham Spa train station where it benefits from good passing trade. A good marketing plan needs to be implemented to help bring people in on race week as well as throughout the rest of the year. This is a business that has real potential for the right operator, and I look forward to unlocking that potential and talking to some great future publicans
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Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
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MISREPRESENTATION ACT 1967
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