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Cannon Gateshead

Pubs & Bars • NE9 5EX Management opportunity
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Summary

Major refurbishment to vibrant High Street pub.

Description

O’Cannons offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. What would you do with this pub to make it even more of a success? The Area O’Cannons is located on the vibrant High Street of affluent Low Fell, Gateshead. The area is a very affluent suburban location with great communication links to Gateshead and Newcastle city centre. The pub benefits from being one of fifteen pubs found in an area of around 21,895 adults within a twenty-minute walk time. The surrounding housing is a mix of young and mature households. O’Cannons sits on the popular Low Fell pub circuit, close to Newcastle and the local college. The Offer O’Cannons is available on our investment tenancy agreement. Click here for more information on this agreement. This investment will see a full refurbishment and repositioning to all rooms and toilets, along with new signage, a repaint to the ground floor, full window repairs and a renovated beer garden. The aim is to drive the pub away from low-price dynamic pricing and into a sustainable, quality offer. We’re always open to new ideas, what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for O’Cannons will have extensive experience in high-street hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

Upfront cost

£40,303
Cost type: Upfront

Key facts

Upfront cost
£40,303
Turnover (annual)
£470,750
Rent
£25,434 (annual)

Location

NE9 5EX
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

Enquire

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