Coach & Horses, Hexham

The Coach and Horses is ideally located on the main street of Priestpopple in Hexham, Northumberland, offering significant visibility and foot traffic in this thriving market town. Hexham is well-connected, with excellent transport links including the Hexham station, which connects to Newcastle and Carlisle, as well as direct road access via the A69 and A695. Regular bus services also serve the area, further boosting accessibility. The town’s demographic profile, marked by rising prosperity, indicates a more affluent local population. This provides a strong foundation for a pub that can offer a premium experience, catering to both the local community and visitors. The pub has already received a significant investment in 2021, positioning it well to take advantage of this prime location and capitalise on the area’s economic growth. With a focus on providing quality food, drinks and service, the Coach and Horses is well-placed to attract and retain a loyal customer base, whilst also appealing to those visiting the town. The investment in the site ensures the infrastructure is in place for continued success, making this a fantastic opportunity for the right licensee to make their mark in a growing, prosperous area.

Pub Layout

Upon entry, guests are greeted by a covered hall featuring comfortable seating and soft furnishings, leading to the spacious beer garden and the separate Stable Bar (outdoor bar) at the rear. The beer garden boasts several wooden benches and small iron tables with chairs, all within a fenced area, enhanced by charming festoon lighting. Additionally, the covered alleyway contains more wooden benches, further establishing this venue as the only beer garden in Hexham. To the right, the cosy bar area is characterised by a mixture of tiled and wooden flooring, with the galley-style bar serving as the central feature, next to the hotel reception. This area also offers low-level bench seating and loose chairs by large windows, providing views of the high street. Opposite the bar, 3 poseur tables with high stools are perfect for vertical drinking, complemented by a bay window overlooking the foyer. At the far end of the bar, a snug area offers a comfortable retreat, featuring carpeted floors, a blend of low-level bench seating and loose chairs, a dartboard and a TV. On the left, a separate lounge area provides flexible space that can serve as a function room, seating around 50 people. Currently used as a dining area, this space features folding doors that open to the main street during warmer weather. The venue also includes a full commercial kitchen and prep area. The Coach benefits from 6 en-suite letting rooms, all recently upgraded to a mid-market standard, offering comfortable accommodation for guests. Also due to the location on the main street, the pub also holds a paving license for outdoor seating, with an expanded paved area at the front.

Private Accommodation

There is a separate flat to the top floor of the pub, providing accommodation for a Licensee or Chef.

Letting Accommodation

The site also offers 6 en-suite letting rooms, all in excellent condition:

• Room 1: Super King
• Room 2: Standard King
• Room 3: Standard King
• Room 4: Standard King
• Room 5: Small Double (Single Occupancy)
• Room 6: Super King

Each room provides a high standard of comfort and is ideal for both short and long stays.

Annual Rent: £48,495

Security Deposit: £5,000

Working Capital: £4,000

Stock: £8,000 

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

This is a fantastic opportunity for someone looking to step into a high-potential pub business, expand its offerings, make a significant contribution to the local community, someone who is an experienced and is looking to take charge of this thriving pub in a prime high street location. The pub has recently seen a significant investment with the pub offering three distinct income streams, making it a promising business for the right person.

Admiral Taverns are looking for a dynamic, engaged licensee who can make the most of these income streams. The ideal candidate will have prior experience running similar operations and be a highly skilled licensee with a strong background in catering. Local knowledge or familiarity with the area will be beneficial for building strong ties with the community. The successful candidate will be proactive in promoting the pub, with an essential focus on marketing and social media. This will help drive business through effective promotion of the letting rooms, pub events and fostering a sense of community. A community-first approach, paired with engaging activities and a solid online presence, will help maintain the pub’s place as a key social hub, attracting both regulars and new customers. Additionally, expertise in catering is critical to maximising the pub’s potential. A no fuss food offering, such as tapas or pizza, or exploring emerging culinary trends, will resonate with the clientele and enhance the overall dining experience. The key will be to balance the successful wet sales and entertainment side of the business with a re-vamped food offer that complements and enhances the pub’s identity, making it a destination not just for drinks and gaming, but also for great food. By doing so, the pub can strengthen its position against the competition and provide a more rounded experience for customers, ensuring it remains a vital part of the high street.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *