Beer Garden
External Drinking Area
Car Park
Childrens Play Area
Restaurant/Dining
Property details
The Floater's Mill is situated in a semi-rural pub located between Chester le Street and Houghton Le Spring, near the villages of Fencehouses and Bournmoor. The Floater's Mill offers something for everyone as an excellent community pub whilst also being a great destination pub for diners.
Internally there are four distinct areas, a central bar with a conservatory popular with diners, a Sunday carvery offer in the central area, a tap room for the drinkers, and a games room area with pool and darts.
Externally the pub has real kerb appeal with the recent redecoration, a large car park, and superb outside areas including a large patio and garden for drinking and alfresco dining alongside a large children's play area.
The private accommodation consists of three double bedrooms, a lounge, an office, a kitchen, and a bathroom.
Catering Kitchen
Live Entertainment
Experienced Operator
Trading style
If you're a skilled publican or retail manager then check out our latest opportunity to run the Floater's Mill in Houghton Le Spring on a Partner Agreement.
The Floater's Mill currently trades at £2,500 on average per week with 80% of sales coming from the wet side of the business, but there is potential to grow trade by connecting with the local community and targeting additional food sales and there is a good sized catering kitchen in which you can offer your own food menu from and retain 100% of the profit you make.
The landlords are looking for an experienced food operator/s, with a community focus and a passion for delivering excellent standards and driving sales.
Key financials
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Reference Number:
PSCFKB / 30572
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Agreement Type:
Operator Agreement
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Min Ingoing Cost:
£5,360.00
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Annual Rent:
NO RENT PAYABLE
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Your earnings will be based on a percentage of weekly net turnover and for those of you interested in delivering a food offer, the agreement may include one of the branded food menus.
FINANCIAL BREAKDOWN:
Estimated weekly sales: £2,500
Security deposit: £5,000
Legal fees: £360
Training/business development fee:0
Working capital:0
A 20% share of weekly wet sales, excluding VAT.
Keep 100% of any food sales you do from your own menu.
TOTAL INGOING £5,360