Originally constructed in 1897 the Stags Head is a compact terraced property located on the periphery of the centre of South Shields. The pub is renowned for it's cask ales and it's olde worde charm. It is a Grade 2 listed building. The main trading area is on the ground floor with a function room on the first floor. The main bar is traditionally decorated in an ale house style with quality furnishings and wooden floors. There is a mix of fixed and loose seating with matching tables for up to 20 covers. There is also a darts board for gamers to enjoy. There is a function room on the first floor with seating for approximately 20 covers and its own bar servery. This presents an excellent opportunity to introduce events and to attract private bookings to provide a valuable source of additional income. The front of the pub has an inviting traditional ale house look and there is a smoking area to the rear. Patrons can make use of the pay and display car park to the rear for the property.
Agreement Fee: £750.00
Cash Float: £1,000.00
Fixtures & Fittings: £4,500.00
Forecast Turnover: £201,552.54
Full Deposit: £4,250.00
Full Tie Release: £21,500.00
Guide Rent: £17,000.00
Initial Deposit: £0.00
Repair Fund: £1,500.00
Stock & Glassware: £2,000.00
Working Capital: £15,500.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £8,872.55
Forecast Other Turnover: £2,100.01
Forecast Wet Turnover: £190,579.98
Clientele at this pub are drawn from the nearby residential areas as well as passing trade from the shopping district. The ideal publican will have a real interest in cask ales and have the ability to drive wet sales.
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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.
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