Description and Trading Style
One public and one saloon bar community house. There is a good atmosphere and the pub is well supported by the local community. Currently there is a karaoke on a Monday night and a singer /DJ on a Friday night. There is no food offer.
Location and Local Amenities
The pub is situated on the edge of Barking town centre and close to the shops and train station. The pub is also near the Sports Centre, town hall and tube station, as well as the new Cinema being built opposite.
Trade: Two large bars, WC's, cellar, car park and patio areas.
Private: Kitchen, sitting room, 3 double bedrooms, office, bathroom and WC.
Current and Future Markets
This pub draws in the community including local shop keepers, market traders and office workers. The pub tends to be busy from 3pm with workers. With significant local investment in the immediate area in retail, leisure and entertainment and introduction of 170 new homes in the immediate vicinity, there is an opportunity to engage with these new developments.
We are looking for an experienced team with the ability to trade in East London. Applicants must have or be able to apply for a personal licence.
Circa £12,000 to include a security deposit (3 months of base rent), rent advance, stock, glassware and loose goods, training deposit. Fixtures & fittings are circa £6,000 (TBC) and working capital is circa £3,000.
|2018||2019||2020 COVID||To 21.7.21 COVID|
|Draught Beer and Cider (36 gallon units)||215.11||194.72||81.64||8.27|
|The pub is currently free of tie on wines, spirits and minerals.|
You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.
£18,500 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.
Five year renewable tenancy agreement with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.