Philadelphia Houghton Le S
Summary
The Philadelphia is a popular community pub located on the edge of Houghton-le-Spring. The site has a large dining area and a games room which are used for socialising, food and pub entertainment.
Description
There is a decked area to the front of the premises and an enclosed childrens play area which proves very popular in the warmer months.
Key Features
• Internally the pub consists of a lounge which is primarily used as a dining area, and a separate games area utilised mainly as a popular meeting and socialising space, with pub games and televised sports. There is a fully functioning and suitable trade kitchen capable of producing the required menu for this pub.
Business & Financial Information
• Estimated ingoings (upfront): £4,670
• Full deposit: £3,875
• Agreement fee: £795
• Guide rent (weekly): £298
• Guide rent (annual): £15,500
• Forecast turnover (weekly): £307,539
• Forecast turnover (annual): £307,538
Ideal Operator
The ideal publican to successfully run this pub is someone with a combination of hospitality industry experience, strong managerial skills, and a keen understanding of customer service. The successful operator should be adept at managing staff, ensuring a welcoming atmosphere, and overseeing day-to-day operations efficiently. Business acumen is crucial for managing finances, inventory, and marketing strategies. Additionally, a good grasp of the local community and its preferences can contribute to tailoring this pub's offerings and events to meet the needs of the local community.
Private Accommodation
There is a 2 bedroomed flat with lounge, kitchen and bathroom.
Regional Manager's Thoughts
The Philadelphia is great community pub with a strong wet and food trade. There is a fantastic opportunity to develop the food side of the pub business, with a traditional pub menu. I am seeking an experienced publican, preferably with local knowledge and a good grounding in catering.
Surrounding Area
Houghton-le-Spring is a town in County Durham, which has its recorded origins in Norman times. It is situated almost equidistant between the cathedral city of Durham, seven miles southwest and Sunderland about seven miles northeast. The pub is located on the main road through the town and is only a short distance from other local amenities, whilst also benefiting from good transport links.
Upfront cost
£4,670
Cost type:
Upfront
Key facts
Upfront cost
£4,670
Turnover (annual)
£307,538
Rent
£15,500 (annual)
Location
Philadelphia, Houghton Le Spring, Tyne And Wear DH4 4JG
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
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