Tenancy - Treble Tile, Colchester

5 days left

Recruiter
Location
Colchester, Essex
Salary
Business Opportunity
Posted
29 Jun 2017
Closes
29 Jul 2017

Take advantage of investment to take this premium pub to another level

This destination premium proposition in an affluent area already enjoys a great reputation. But we’re planning an investment that’s designed to take it up another level entirely, with refurbishment inside and out to offer drinking and dining customers an even more appealing pub and restaurant experience.

Business facilities

The Treble Tile is a well-known destination food pub in West Bergholt, a large village in the heart of rural Essex, just outside Colchester. Situated on the main road into the ancient town, it benefits from good levels of passing trade as well as local and drive-to customers visiting to enjoy its premium food offer. With a range of local ales, great wine list and tempting menu, this Cask Marque accredited pub is a great choice for all occasions, with the well-equipped kitchen catering for up to 48 discerning diners in a comfortable and pleasant restaurant environment. The pub has a good-sized car park to the front and a secluded ‘sun trap’ beer garden to the rear. WiFi is available throughout. The Treble Tile has a reputation built on quality and we’re aiming to take this up another level by adding a patio seating area to the front of the property, re-configuring the current bar area, and refurbishing inside and out. We’ll also be adding a smoking solution to the rear garden area.

Private accommodation

The private accommodation consists of three bedrooms, a kitchen and a lounge.

Would this pub suit you?

The ideal operator for the Treble Tile will be experienced in food, either in gastropubs or restaurants, and will have an independent and entrepreneurial flair – combined with solid commercial acumen. You’ll be expected to lead by example, always put the customer first and be uncompromising on service and hospitality standards as you build a highly successful business here.

Initial Ingoing Costs

When you take on a Punch pub, you will need to provide a deposit and pay for legal fees . We estimate the initial investment you will need to make to take on this pub will be £8,750 in addition to your own legal fees.

Profit Potential: £ 38,470 per annum

Turnover Potential  £382,300

FMT Beer Barrels: 0 barrels per annum

Trade History Total ale, lager and cider deliveries in last 12 months: 0 barrels

Rent

The figures below illustrates rental cost and beer discount for this pub:

Punch Partnership Tenancy                  

Annual Rent £32,000

Rent Billing Frequency Weekly

Barrelage Discount £65-£75*

Tie Full Wet Tie

Repair Fund Contribution £40 per week

Punch Group Energy Deal Yes

* Weighted average discount across a basket of products

 

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