Fountain Middlesbrough

The Fountain is a community pub in the heart of an established local and respected residential areas. The pub is wet-led, although has potential to offer a traditional food offer.

The Fountain is a community pub in the heart of an established local and respected residential areas. The pub is wet-led, although has potential to offer a traditional food offer. It consists of a separate public bar and lounge on the ground floor and a first floor function room. There is a well equipped trade kitchen also located on the ground floor The pub benefited from a major refurbishment in June 2022.The interior of the pub is decorated in a modern style whilst retaining its traditional pub character. The pub is popular for live music and weekly quiz nights. 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 • The Fountain is a very traditional pub with charming internal décor and two open fire places. On entrance to the pub you are welcomed by a large public bar which houses a games area with a TV for sports viewing, a pool table and dart board. There is plenty of seating available with around 50-60 covers with additional room for standing. The pub also offers a good-sized lounge area offering a cosy and comfortable with further covers to enjoy drinks and food. Located on the first floor is a delightful function room which can be used for frequent live music and private events to drive additional revenue. This space can cater for around 50 people dependant on the event. There is a convenient commercial kitchen located on the ground floor, capable of producing a good quality food offer.  • There is a beer garden to the front of the property with a number of picnic tables surrounded by grass walls and a small childrens play area Business & Financial Information • Estimated ingoings (upfront): £4,545 • Full deposit: £3,750 • Agreement fee: £795 • Guide rent (weekly): £288 • Guide rent (annual): £15,000 • Forecast turnover (weekly): £379,569 • Forecast turnover (annual): £379,569 Ideal Operator We are looking for a resilient pub operator with a proven track record of success in managing challenging pubs. They will bring the expertise and determination needed to thrive in any environment. They relish the challenge of turning around the fortunes of a struugling pub and maximising it`s potential.  Private Accommodation The living accomodation consists of four bedrooms, a kitchen, lounge and bathroom. Regional Manager's Thoughts The current customer base is male dominant with a demographic of 30+ years during the week, providing a very strong bar trade all day. The lounge is mainly used on weekends for evening entertainment and quiz nights. This side of the business has the potential to be developed by the new publican to maximise profit and drive footfall. I am seeking an experienced retailer who can continue the traditions of this great pub through live music, good quality food and the development of pub games and live sport. Surrounding Area The pub is situated prominently on a very active road in a built-up area on the outskirts of Middlesbrough that benefits well from passing trade. The Fountain is situated within the catchment of three large housing estates drawing in locals to the pub frequently throughout the week. There is a small shopping precinct opposite the pub and Middlesbrough town centre is just five minutes away