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**Revised Rent - £25,000 per annum/£481 a week, plus an introductory rent of £20,000 per annum for the first year!**
The Coach and Horses is a well-presented traditional county inn which has a long history which dates back to 1590. The pub is located on a prominent corner plot on the busy A167 just four miles south of the popular tourist destination Durham City and is close to the town of Spennymoor. The current customer base has a varied background, but all are attracted by the all-day carvery offer. The pub boasts two main internal trading areas, the public bar and the dining area. Additionally, there is a large beer garden with plenty of seating, a car park with space for 30 vehicles and a two-bedroom private accommodation.
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The private accommodation comprises of two bedrooms, a lounge and a kitchen.
Forecast Turnover: £408,072.96
Year 1 Rent: £20,000.00
Guide Rent: £28,000.00
Initial Deposit: £0.00
Full Deposit: £7,000.00
Full Tie Release: £20,750.00
Agreement Fee: £775.00
Repair Fund: £2,000.00
Fixtures & Fittings: £25,000.00
Working Capital: £32,000.00
Stock & Glassware: £3,000.00
Cash Float: £2,000.00
Forecast Wet Turnover: £155,716.38
Forecast Dry Turnover: £252,356.59
Forecast Other Turnover: £0.00
The Coach & Horses is a traditional pub which provides guests with an all-day carvery offer and two delightful trading areas. The main bar is used primarily by the locals who visit for refreshing drinks and the restaurant area attracts a mixture of customers, particularly families who visit for the food offer. I am now looking for an experienced food operator or chef who can develop the traditional carvery offer at this historic coaching inn to grow trade further, maintaining the Coach & Horses reputation as a destination food pub.
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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
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