The Pheasant Inn is a charming pub which is 350 years old, situated on a busy high street in Worcester. The pub is full of character and contains a dark wood, central bar servery, hosting cask ales and international beer brands, which provides for both the main bar at the front and the separate room at the rear for functions and the skittle alley. The traditional beamed front bar is an original part of the site and provides a great place to relax and watch the world go by. The room at the rear has historically held live music, entertainment and used for private functions. Upstairs, there is a further lounge, similar in style to the main room downstairs, with its own bar and rooftop beer terrace. The property also benefits from a galley-style catering kitchen on this floor, with access to a dumb-waiter lift for delivering food to the main trading areas. The Pheasant benefits from an attractive and welcoming rooftop beer terrace to the rear of the property with an external TV screen that is perfect for hosting the summer sporting events. Alongside the rooftop bar hosting space for 16 covers the pub also benefits from a downstairs smoking area with seating for approximately 24 people.
The pub has a long extended private living accommodation which consists of two bedrooms, a lounge, a kitchen, and toilet, and all in good condition. There is also another area to the rear of the property that has a bedroom and bathroom.
Forecast Turnover: £417,353.21
Year 1 Rent: £20,000.00
Guide Rent: £32,000.00
Initial Deposit: £0.00
Full Deposit: £8,000.00
Full Tie Release: £30,750.00
Agreement Fee: £775.00
Repair Fund: £3,000.00
Fixtures & Fittings: £22,000.00
Working Capital: £28,512.00
Stock & Glassware: £8,000.00
Cash Float: £2,000.00
Forecast Wet Turnover: £356,954.31
Forecast Dry Turnover: £50,690.69
Forecast Other Turnover: £9,708.21
The Pheasant is a great pub, full of history and one of the best-known in Worcester. This is a great opportunity for an enthusiastic publican to add to what is already a very successful operation, introducing new ideas and taking it to the next level. The distinctive trading areas allow you to have three very different offers, a traditional pub at the front, skittle alley and function room at the back and a beautiful quirky bar on the second floor. The kitchen can be used for handheld food offers or a full menu alike to further drive footfall and the business. With over 20 years’ experience in the hospitality industry, I can support your business in people, operations, sales and marketing and profitability support. I am looking for a publican who is enthusiastic in the local community building on a sports and small food offer and immersing themselves in the local area with teams and community events to be the hub of the area.
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.
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