WOLVERHAMPTON WELCOMES THE SILVER SPUR TO THE PROPER PUBS FAMILY WITH A PLANNED £260,000 INVESTMENT (SUBJECT TO BOARD APPROVAL)!
The Silver Spur (previously known as the Winning Post) is a prominent detached pub situated on a spacious plot of land, located on the outskirts of the city of Wolverhampton. It benefits from being in the highly populated area, which has a bustling community of 13,365 households and a population of 35,562 all within a one mile radius of the pub. The pub itself is ideally located within walking distance of Wolverhampton Racecourse and Molineux Football ground, home to Wolverhampton Wanderers, with many other local amenities situated close by.
Pub Layout
Following a substantial investment, the Silver Spur will offer a large, open plan trading area with a traditional décor and a contemporary twist. As you enter the pub you will be welcomed into a spacious room, where you will see the large main bar servery directly in front. To the rear, steps lead up to a designated games area featuring two pool tables, two darts boards and large projector screen for sports, making this a well loved space for any avid sports fan. In addition to this the pub will boast a full SKY & TNT sports package which can be enjoyed by the locals on a number of the large screen TV’s in the main trade area. Wrapping around the exterior of the pub you will find two garden spaces, one of which is home to a spacious covered outdoor seating space, ideal for any time of the year and also a lawned play area for children. The pub also benefits from a large car park with up to 20 car park spaces.
As part of the investment, the pub will reopen as The Silver Spur, retaining its historic connection to the nearby Wolverhampton Racecourse and proving to be the perfect opportunity for someone to bring this iconic local pub back to life.
The private accommodation consists of: four bedrooms, sitting room, kitchen and bathroom and benefits from its own private entrance and a private garden and will be refurbished to a high standard.
Security deposit: TBC upon discussion with BDM
Estimated Annual Turnover (Net): £314,000
These figures are based on our Business Development Managers assessment of the trading potential of this pub and are intended for guidance purposes only
No rent applicable on this agreement
This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock, public liability and day to day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff and any council tax and TV licence for the residential quarters.
All new operators have comprehensive free training as part of their agreement.
Alison Davidson, the Business Development Manager, is seeking a well-established and experienced individual or couple with a proven track record in managing community-focused pubs, capable of delivering a strong weekly rhythm that incorporates match days, race days, live music, pool teams, and engaging activities such as quiz nights and bingo, making this opportunity unsuitable for first-time operator. This pub serves as a vibrant hub for the local community, with an established customer base and significant potential for growth. Its unique connection to Wolverhampton race days and Molineux match days offers lucrative opportunities for creative operators to further build its success. The ideal candidate will be the ultimate community hero, who operates with us, the customers who drink and socialise with us, and the locals who live near us in our communities.
As part of the upcoming refurbishment and subject to board approval, the pub is set to be renamed from The Winning Post to The Silver Spur, reflecting a fresh new chapter and reaffirming its proud connection to Wolverhampton’s racing scene.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
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
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
