Pubs To Lease In Tyne And Wear Area – The Bay Horse In Gatehead Is Now Available !
Are you looking for pubs to lease in Tyne and Wear Area ? ‘The Bay House’ in Gateshead is now available !
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Pubs To Lease In Tyne And Wear Area – The Bay Horse In Gatehead Is Now Available !
North East
Church Row, Windy Nook, Gateshead NE10 9SL, UK
The Bay Horse, Gateshead
The Bay Horse is situated in the Windy Nook area of Gateshead. The area is densely populated with a mixture of private and council housing. This large, detached, impressive building occupies a prominent position at the top of the bank from the Felling area. Windy Nook is home to a wide range of the local population from families through to retired who all live in the vicinity so the pub really does cater to all ages.
Pub Layout
Internally the pub breaks down into three clearly defined trading areas. A games room / snug area, complete with a pool table and darts boards for both locals and teams throughout the week – this area leads on to the gents toilets. The main trading area is on the right-hand side as you enter the pub with a mixture of fixed and loose seating. To the rear is where you will find a function space that leads into a Conservatory extension creating additional covers and space for events. Externally, to the rear is a recently landscaped beer garden that is very popular during periods of good weather and very safe for families to use with some space for younger children to play. Additionally, to the front there are a couple of benches which can be used as an overflow or to those who like to watch the world go by.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Bay Horse operates as a drinks led business, however this could easily be changed as it does have an unused commercial kitchen which we would encourage the next licensee to take full advantage and catering to a wider audience. Sports teams play from the pub which include both Darts and Pool creating a good mid week trade. There is a strong daytime presence with an older clientele who enjoy meeting to watch the horse racing and share a few pints with friends. This can be further enhanced by creating a small club feel with some bar snacks being provided on selective days – This works particularly well at other Admiral pubs locally in Felling.
Private Accommodation
The private accommodation is located on the first floor and comprises: Three bedrooms, bathroom, kitchen and a lounge.
Pubs To Lease In Tyne And Wear Area – The Bay Horse In Gatehead Is Now Available !
The Bay Horse, Gateshead
Annual Rent: £14,000
Security Deposit: £6,000
Working Capital: £3,000
Stock: £3,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommended amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 12000
Annual Cost: 14000
The Bay Horse has been run under a multiple tenant with a manager in place for the last 6 years. The pub would benefit from a more traditional hands on licensee who would be willing to explore a food offer to enhance the income streams at the pub. Social Media presence is currently limited so someone who has a basic understanding to communicate with an audience digitally would be welcomed here. Investment at the pub would enhance the retail offer and for the right licensee, a refurbishment both internally and externally would be something that serious consideration should be given. Overall, a semi experienced local couple or individual, with an eye for business and marketing would be perfect for this site especially if one of the party has some catering / cooking background.
