Tenancy - Grey Horse, Whitburn

SR6 7EL, Sunderland
Business Opportunity
02 Sep 2017
02 Oct 2017

Tenancy - Grey Horse

The pubs location and bold corner position is a huge advantage to the
possibilities here. The pub has a great local trade and is well supported by the diverse population of Whitburn as well as the summer tourist trade which peaks when the world renowned Sunderland International Air Show is on as well as other events throughout the year.

Entry cost from:£18,450.00
Annual rent:TBC
AgreementTenancy – Standard Tenancy
Type of Tie:Tie by Negotiation

Whitburn has retained its village character with its main street, parish church, cricket ground and park and it has managed to maintain its local shops and services making it a great place to live. There are two primary schools and an academy in the village. It lies 4 miles from Sunderland and 4.5 miles from South Shields. The pub is located just off the A183 and enjoys good road links to Sunderland, South Shields and Boldon.

Sunday to Saturday 10:00 to 00:30

The pub is an imposing building and has major visibility alongside the
main road. There is a lounge, bar and raised dining area. The public
bar is excellent for a drink and catch up with friends or playing pub
sports. The large lounge is great for a weekend drink in a warm
comfortable environment and also has a popular raised area for diners
although they also use the other areas of the pub too. There is a large
external drinking area, which is very popular in the summer for
drinkers and diners alike with plenty of car parking.

Bars 2
Car park spaces 25
Dining rooms 1
Food covers 75
Function rooms 1
Trade kitchens 1
Patio areas 1

The accommodation is in good condition and comprises 4 bedrooms, a
kitchen living and dining room, with 2 bathrooms.

Private Rooms 11
Lounge 1
Single Bedrooms 2
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 2
Office 1

Approx £18,450 which includes stock, glassware, crockery, cutlery, fuel
and cleaning materials, legal, brokers and stocktaking fees, rent in
advance, training fees, working capital and deposit (minimum £6,000,
but should build to 25% of head rent). Fixtures & fittings are still to be

Annual rent TBC per annum
Weekly rent TBC per week fixed
Notes Rent TBC - subject to annual RPI increase
(tracker capped at a maximum of 4.75%) on
anniversary of agreement. Paid weekly by direct
Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings TBC Working capital £10,000.00
Other costs £800.00 Total entry cost £18,450.00

You will need to estimate the turnover you expect to achieve from the
pub, with regard to food and accommodation (if applicable). Barrelage
figures are given to assist you with calculations.
Calculators to help you are available on the business planning section
of our website.

By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of
running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the
country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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