Wansbeck Hotel Morpeth
Summary
**Revised Rent - now £20,000 per annum/£385 a week!**…
Description
**Revised Rent - now £20,000 per annum/£385 a week!**
The Wansbeck Hotel presents an exciting opportunity for an experienced publican to run this charming establishment. Situated near local shops and just a short bus ride from Morpeth town centre, the pub is well-positioned to attract passing trade.
About the Pub:
With tasteful décor throughout, The Wansbeck Hotel invites guests to savour home-cooked meals and refreshing drinks. Whether you’re a local or a visitor passing through, this pub offers a warm and welcoming atmosphere.
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
• Situated near to local shops
• Scope to host regular entertainment
• Lounge area accommodating 60 diners
• Two-bedroom private accommodation
• Discounts of up to £200 per barrel but has an average of £160 per barrel
Business & Financial Information
• Estimated ingoings (upfront): £6,295
• Full deposit: £5,500
• Agreement fee: £795
• Guide rent (weekly): £423
• Guide rent (annual): £22,000
• Forecast turnover (weekly): £429,746
• Forecast turnover (annual): £429,745
Ideal Operator
Stonegate Pub Partners are looking for an experienced publican who can rebuild the wet and food sales and improve the entertainment offer through sports and live music.
Private Accommodation
The private accommodation is in good condition and simply requires a personal touch. It comprises two bedrooms, a lounge area and kitchen.
Regional Manager's Thoughts
The Wansbeck would ideally suit an experienced hands-on publican, to drive and rebuild the wet and food trade in this large catchment area. There is huge potential to attract previous customers back to the pub, therefore the new publican should look to improve the facilities such as extended dining times, sports viewing and entertainment.
Surrounding Area
The county town of Morpeth grew around the crossing point of the river Wansbeck. The pub is located on the main road through the Abbey Meadows estate and a short bus ride to Morpeth town centre. Surrounded by a large residential area of circa 800 houses and alongside local shops, the Wansbeck has plenty of potential customers to attract with the right offer.
Upfront cost
£6,295
Cost type:
Upfront
Key facts
Upfront cost
£6,295
Turnover (annual)
£429,745
Rent
£22,000 (annual)
Location
Abbey Meadows, Morpeth, Northumberland NE61 2BD
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
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