Croft
Hydes Road, Wednesbury, West Midlands, WS10 0DF
Profit Potential: £ P/A
3 Year Standard Tenancy
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The Croft is situated in the market town of Wednesbury which has a population of approximately 24,000 and growing. This community focussed pub can be found in the heart of a popular suburb, close to several bustling trading estates and is an ideal opportunity for someone to take advantage of currently untapped,local business.
The Opportunity
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The Croft has recently benefitted from an extensive refurbishment in 2008 and benefits from a large car park which supports the impressive garden and children’s play area. Currently the pub is not selling food but this an excellent area for sales growth as the pub is surrounded by local industry and business. The pub would appeal to someone who has experience of running a pub but also is community focussed and interested in sports. The potential to develop the pub is certainly attainable; have you the foresight to unlock this?
For more information or to register your details with our Recruitment Team call 0800 056 4111 or speak direct to the Business Development Manager for this pub, Mike Brown, on 0786 0100 433.
Financial Information
Profit Potential
We anticipate that a tenant could earn £ net profit from this site per year.
Turnover
FMT stands for Fair Maintainable Trade - please click here for a full definition of this term,
Drinks
| FMT | £0 |
|---|---|
| Estimated Current (net) | £0 |
Food
| FMT | £0 |
|---|---|
| Estimated Current (net) | £0 |
Machines
| FMT | £0 |
|---|---|
| Estimated Current (net) | £0 |
Level of Investment
This is a one-off payment made at the start of the tenancy agreement.
All figures are estimates and exclude VAT.
| Fixtures & Fittings | £0 |
|---|---|
| Stock & Glassware | £0 |
| Working Capital | £0 |
| Trading Deposit | £0 |
| Valuer & Stocktaking | £0 |
| Total | £ |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | 0 |
|---|
Rent
The rent has been calculated using the FMT turnover that we could anticipate from the site. All Everards rents are linked to RPI so may increase or decrease in future years.
| Rent required for this site | 0 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
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The Public areas comprise of:
- Lounge
- Bar
- Garden
- Large car park
Other areas
- Kitchen
- Outbuildings
The Private accommodation comprise of:
- Three Bedrooms
- Sitting rooms
- Kitchen
- Bathroom
- Private Garden
Location
h3.Sorry but we’ve found a great licensee to run this pub but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Croft benefits from being only two miles from the M6 motorway providing excellent access to surrounding areas including Birmingham, Wolverhampton and the West Midlands. Located near to the source of the river Tame, the town is steeped in industrial history due to its heavy engineering links. Wednesbury is close to Walsall town and has easy access to the Black Country route and main roads.
Click here to see a birds-eye view of the pub
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* This information is generated from our assessment of Fair Maintainable Trade (FMT) at Croft and is based on certain assumptions and information provided by our licensees (to be disclosed on request). FMT is the level of turnover we would expect the pub to achieve within its market and this is assessed in line with good industry practice and relevant accountancy standards.
Wherever possible we have also included the pub's current trading information as at 1st May 2009 in addition to FMT. This is taken from our sales information (barrelage) and information from the licensees such as their trading information and cost base.
We would expect you to use the FMT information to help form the financial element of your business plan. These figures above are an estimate based on FMT and you may think that you can exceed or conversely not achieve these. As this stage we would strongly recommend that you take independent financial advice to help you form a budgeted profit and loss statement.
This information is not intended to amount to advice, a statement of fact, a guarantee, a representation, a condition or a warranty on which reliance should be placed but is our opinion only. We therefore, to the extent permitted by law, disclaim all liability and responsibility arising from any reliance placed on such information by you or anyone informed of its contents.
You are advised to carry out your own financial investigations and inspections into the pub to satisfy yourself as to the correctness of the above information, whether or not you can achieve these figures and as to the trading potential of this pub. You will be given a shadow profit and loss account and other details of the pub when you make a formal enquiry – this will be given within our Code of Practice which also contains other details about Everards.
Historic information is not an indicator of future performance of a pub and you should bear this in mind in your assessment.
[This information does not constitute any part of an offer or a contract and any acquisition of a pub by you is subject to our terms and conditions of agreement].