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Hammer & Pincers Wyberton

Pubs & Bars • Swineshead Road, Boston, Lincolnshire PE21 7JE Management opportunity
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Summary

The Hammer & Pincers is a community pub that is enjoyed by a local customer base who visit the pub for the strong drinks offer, live sport and pub games. The pub currently operates from two trading areas; the main bar area and the lounge, both of which have their own bar servery.

Description

The Hammer & Pincers is a community pub that is enjoyed by a local customer base who visit the pub for the strong drinks offer, live sport and pub games. The pub currently operates from two trading areas; the main bar area and the lounge, both of which have their own bar servery. There is a conservatory adjacent to the lounge which is dedicated to dining including a carvery offer on Sundays for Boston residents and visitors to the many shopping centres and the supermarket next door. The bar area offers seating for 25 covers with plenty of space for vertical drinking, a pool table, darts board and Sky and BT sport. The lounge provides 20 covers in a more relaxed setting and the conservatory has 38 covers. Both the bar and lounge have open fires providing a home from home, cosy atmosphere. Externally, the pub has two drinking areas with picnic bench seating, a popular destination in the warmer months. The private accommodation has two double bedrooms, a good-sized lounge, kitchen diner, office and large bathroom. The outgoing publicans have been in situ for 15 years and have built a very strong and stable business that a new operator can build on and keep the business at the heart of the community. Key Features • 38 cover dining roomTwo-bar operationPub games, BT & Sky SportsTwo-bedroom private accommodation ideal for a coupleDiscounts of up to £80 per barrel but has an average of £60 per barrel Business & Financial Information • Estimated ingoings (upfront): £10,420 • Full deposit: £9,625 • Agreement fee: £795 • Guide rent (weekly): £740 • Guide rent (annual): £38,500 • Forecast turnover (weekly): £576,922 • Forecast turnover (annual): £576,921 Ideal Operator Stonegate Pub Partners are now seeking a community operator who can drive this business forward through a strong food offer and its cask ale offerings. Private Accommodation Large private accommodation with two double bedrooms, sizeable lounge, a kitchen diner and a large bathroom with a separate shower. The office is also contained within the accommodation. Regional Manager's Thoughts A great opportunity to take on a well-established community food business with potential to grow both wet and dry sales. The recent Mother's Day week recorded sales in excess of £17,000 and this demonstrates the popularity of the pub and the quality of the existing publicans who are relocating. The current operation is a great example of what is possible when all areas of the business are traded well including breakfast, sport, a carvery offer and outdoor trading. There is further opportunity to release potential by refreshing these elements and exploring menu development and building on the current loyal drink trade including cask ales. Surrounding Area The Hammer & Pincers is situated in Boston, a market town and inland port in the county of Lincolnshire. The pub lies on a main road with plenty of passing trade and within the immediate area there are two retail parks, a large Tesco superstore and other local business just a few minutes away.

Upfront cost

£10,420
Cost type: Upfront

Key facts

Upfront cost
£10,420
Turnover (annual)
£576,921
Rent
£38,500 (annual)

Location

Swineshead Road, Boston, Lincolnshire PE21 7JE
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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