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Run a Stonegate Pub
4 months ago
The Overwoods is a fantastic pub located on a residential estate in the suburb of Hockley In Tamworth. This community pub has little competition and has an excellent reputation for its choice of beers, live music and entertainment. The pub is currently run as a two-room operation with a traditional bar area hosting live sports and a lounge/ function room which is used predominately for private events and entertainment. The current demographic surrounding the pub are locals who live in the area however there is scope to develop the business further with the introduction of pub teams including pool, darts and football. There is also the potential to better utilise the lounge area of the property by offering a snack menu including a lunchtime offer to attract trade throughout the week as well as on weekends.
Business Information
Agreement: Retail Partnership Tenancy
Capital Startup: Est. £15400
Fixtures / Fittings: Est. £7000
Guide Rent: £14000 pa
Potential Turnover: £237080 pa
Regional Manager's Thoughts
The Overwoods is a great locals pub which is popular for entertainment and live sports. The pub would suit a new publican who is looking to gain experience developing a business and someone who is willing to introduce a snack menu and lunchtime offer to attract wider custom including passing trade. The current customer base are locals who live in the immediate residential area however there is fantastic scope to build on this with the introduction of pub teams including pool, darts and football teams and the opportunity to offer entertainment. We are looking for a strong publican with a good knowledge of the local area who can develop this pub further.
Surrounding Area
Tamworth is a large market town within the district of Staffordshire. Located just 14 miles northeast of Birmingham it borders Warwickshire to the south and east and Lichfield to the north and west. Local attractions include the historic Tamworth Castle and Moat House as well as Drayton Manor theme park attracting passing trade to the pub. The Overwoods is situated in the residential suburb of Hockley which has great access to the town centre, a local bus route passing outside of the pub, open countryside and fantastic infrastructure with the M42 within a five-minute drive all of which make up the main source of trade for the pub.
