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Beer Garden
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External Drinking Area
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Function Room
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Car Park
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Restaurant/Dining
Property details
The Mitre is located in Stourbridge town centre, in a very prominent position. The pub benefits from being in a great location in the town. There are around 4,000 adults within a 10-minute walk and approximately 17,000 within a 20-minute walk. There are 15 competing pubs within a 10-minute walk. While there are no major landmarks nearby, the pub is well placed near good local travel networks.
The Mitre will undergo a full refurbishment covering the internal and external areas of the pub.
The pub’s trading areas and facilities post-refurbishment will be:
- Main trading area with bar
- Separate dining room
- 100 internal covers
- 16 external covers
- Catering kitchen
- Function room
- SmartDispense
- Beer garden
- Car park with 5 spaces
The private accommodation consists of 3 bedrooms, a lounge, a kitchen, and a bathroom.
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Catering Kitchen
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Experienced Operator
Trading style
Major refurbishment to a prominent town-centre pub.
Most other pubs locally are wet-led, but The Mitre will stand out by offering great cooked food alongside a top range of beer and cider brands. With its newly renovated interior, the pub will appeal to all ages and mixed groups, and the function room provides an additional opportunity for private hire.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.
The right operator for The Mitre will have extensive experience in high street hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer, and marketing strategy, and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 2302771101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£30,600.00
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Annual Rent:
£30,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Annual Rent £30,000
Estimated Annual Turnover £479,189
Deposit £7,500
Estimated Fixtures & Fittings Value £13,600
Estimated Stock Valuation £6,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £30,600
Estimated Minimum Ingoing Costs £30,600
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.