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Wheatsheaf Corbridge

Pubs & Bars • St. Helens Street, Corbridge, Northumberland NE45 5HE Management opportunity
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Summary

The Wheatsheaf is a wonderful opportunity to take on a well-presented, already successful business, in a fantastic area. With original fires and stone walls, this pub is attractive to locals and visitors alike with many traditional features.

Description

The Wheatsheaf is a wonderful opportunity to take on a well-presented, already successful business, in a fantastic area. With original fires and stone walls, this pub is attractive to locals and visitors alike with many traditional features. There are two trading areas. A focus on good quality food and a great drinks experience will enable this pub to develop further. Another amenity of this pub is its six well-presented letting rooms, ideal for an additional revenue stream. The Fixture & Fittings estimate is based upon rental costs. Other options such as purchasing are available.  Key Features • Ideally positioned destination food pubSix letting rooms, ideal for additional revenueTraditional featuresTwo-bedroom private accommodation ideal for a coupleDiscounts of up £170 per barrel with an average of £140 per barrel Business & Financial Information • Estimated ingoings (upfront): £11,295 • Full deposit: £10,500 • Agreement fee: £795 • Guide rent (weekly): £808 • Guide rent (annual): £42,000 • Forecast turnover (weekly): £491,781 • Forecast turnover (annual): £491,780 Ideal Operator Stonegate Pub Partners are seeking a community led publican to take on this fantastic opportunity. Private Accommodation The private accommodation consists of two-bedrooms, a living room and a kitchen, ideal for a couple.  Regional Manager's Thoughts Set in the small village of Corbridge in Northumberland, this Grade 2 Listed building is home to a local dog friendly country gastropub, serving delicious dishes and providing bed & breakfast for guests via six well-presented bedrooms. A delightful pub, with a toasty fire in the bar area, and an informal seating area with table service for those that want the restaurant experience. The site will benefit from an operator with a keen eye for community, service & a great food and drink experience. Surrounding Area Corbridge is known for its large number of independent businesses. The present day Market Place has a baker, art shop, traditional grocer and more. With award-winning Forum Books close by at The Chapel – a stunning transformation of the old Methodist Chapel complete with preserved pulpit – along with Vintage At The Tower. Across the village there are acclaimed independent clothes and shoe shops for fans of fashion, featuring top brands, as well as beauticians and hairdressers. For foodies there are many indie cafes, several historic pubs, a deli, a butcher, and a wine bar. Plus a range of Italian, Indian and English restaurants.

Upfront cost

£11,295
Cost type: Upfront

Key facts

Upfront cost
£11,295
Turnover (annual)
£491,780
Rent
£42,000 (annual)

Location

St. Helens Street, Corbridge, Northumberland NE45 5HE
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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