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Duke Of York Wolverhampton

Pubs & Bars • 35 Princess Street, Wolverhampton, West Midlands WV1 1HD Management opportunity
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Summary

The Duke of York is a city centre pub in Wolverhampton. It is a wet-led pub with a fantastic trading history.

Description

The Duke of York is a city centre pub in Wolverhampton. It is a wet-led pub with a fantastic trading history. It attracts a great deal of local customs as well as passing and shopping trade, as well as a great deal of football customs. The pub has a very traditional feel which is one of its main attractions. The internal space is open plan and made up of several good-sized rooms, including a games area with darts; all of which are catered for by one main bar service. The pub benefits from cask ale hand pumps and the bar is accessible from all areas. The commercial kitchen would require some additional appliances. To the rear is a small patio/yard area with several picnic benches with limited seating, the space is mainly as a smoking area. Ever dreamt of being your own boss, running a thriving pub, and shaping a vibrant community hub? Partnering with Stonegate, the UK's largest pub company, makes that dream a reality. We offer the best of both worlds: self-employment with the unwavering support of a dedicated team, from regional managers to a network of experienced publicans in your region. From free BII membership to unlock industry insights, to a diverse portfolio offering the perfect pub for your vision, Stonegate empowers you to maximize endless profit opportunities. Plus, our flexible tenancy agreements ensure you have the control you need to succeed. Key Features • Busy city centre location • One main bar servery and darts facility • Open plan trading space • Small rear patio area • Popular for its range of cask ales Business & Financial Information • Estimated ingoings (upfront): £5,545 • Full deposit: £4,750 • Agreement fee: £795 • Guide rent (weekly): £365 • Guide rent (annual): £19,000 • Forecast turnover (weekly): £358,742 • Forecast turnover (annual): £358,742 Ideal Operator The ideal operator needs to enusr ethat they can get involved in the local city community and grow the existing loyal customers. They will need to be creative and enusre that they are cabable of generating activities to attract local shoppers, regulars sports goers and customers looking for food. They need be able to be competitive in their activites to enusre they are taking a share of the local market from other pubs around them. It is prefered that the operator does have some sort of experience but over all have a positive and customer facing attitude to grow the existing business.  Private Accommodation Comprising three bedrooms, a lounge, kitchen and bathroom, with all rooms being of a good size. Regional Manager's Thoughts The pub currently benefits from a loyal, longstanding local customer base and with an aggressive marketing strategy it could attract more families and further broaden its appeal. The interior will need redecorating, however, this is a fantastic opportunity for someone looking to develop this site. Surrounding Area The pub is situated in the centre of Wolverhampton, an ideal spot from which to generate trade from shoppers and passersby. It has excellent transport links being on key bus routes, only a short walk from the train station and close to multi-storey car parks.

Upfront cost

£5,545
Cost type: Upfront

Key facts

Upfront cost
£5,545
Turnover (annual)
£358,742
Rent
£19,000 (annual)

Location

35 Princess Street, Wolverhampton, West Midlands WV1 1HD
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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