Run a Star Pub - Plough Inn Wollaston - Stourbridge

Drinks: Picture a wide-ranging selection of beverages, including lager, cider, traditional cask as well as a quality selection of spirits and wines to complement the offer.

Food: Delicious, high-quality dishes crafted from locally sourced ingredients and cooked to perfection.

Coffee: Start the day right with a bean-to-cup coffee offering, ensuring a fresh and satisfying brew every time.

Events: Imagine a lively weekly schedule featuring live entertainment and engaging activities to draw in patrons.

This site would be ideal for a multiple operator looking for a new site to add to their portfolio. Also, attitude is more valuable than experience, so if you\’ve got the following, we\’d love to hear from you:

• Understanding of the local community
• Previous experience in the retail sector
• You know what it takes to build a successful business
• You love hospitality and are great with customers

Seeking a lucrative pub investment? Situated in Wollaston (Near Stourbridge), The Plough Inn offers a unique advantage with its close proximity to nearly 4,000 residents within a 10-minute walk. Surrounded by a med/high affluence demographic and only facing competition from 4 other pubs nearby, this opportunity is primed for success for the right licensee.

Catering Kitchen

• Car Park
• Outdoor Trade
• Private Accommodation
• Investment Tenancy
• Cask Ale
• Refurbishment Planned

Trading Area & Facilities: The Plough Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the \’refurbishment details\’ in the downloads. The pub\’s trading area and facilities post-refurbishment will be:

• Main bar with central bar servery
• Separate dining room/lounge zones
• 37 internal covers
• 40 external covers
• Good size kitchen
• SmartDispense
• Large garden area
• Car park with 25 spaces

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an \”Investment Exemption\” will be required. The exemption means that the option of a Market Rent Option lease won\’t be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation: Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.

Pub Financials:

• Estimated Total Ingoing Costs: £51,954
• Estimated Minimum Ingoing Costs: £51,954
• Annual Rent: £36,850
• Estimated Annual Turnover: £525,477
• Deposit: £9,213
• Estimated Fixtures & Fittings Value: £34,241
• Estimated Stock Valuation: £5,000
• Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalized at Heads of Terms.

Note that on FRI and Investment Tenancy Agreements, deposits will always be 3 month\’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month\’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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