Tenancy - Gryffe Inn, Bridge-of-Weir

PA11 3NR, Bridge of Weir
Business Opportunity
02 Sep 2017
02 Oct 2017

Tenancy - Gryffe Inn

Local landmark inn now available for lease. Excellent opportunity for talented operator with experience in food, drink and letting rooms. *Reduced rent available for the first year*
Excellent opportunity for talented operator to take on this well established local bar and front a full investment programme taking the Gryffe Inn onto the next level with upgraded facilities and a new offer.

Entry cost from: £29,493.00
Annual rent: £49,000.00 per annum plus 8.00% Turnover Royalty Agreement
Tenancy – Turnover Tenancy
Type of Tie: Partial tie: Tied All Beer & All Cider

Situated in Bridge of Weir, this pretty village lies within the Gryffe valley and provides a crossing point for the river Gryffe. The village today serves as
a dormitory settlement for nearby Glasgow & Paisley although it contains a commercial centre of its own. The Gryffe Inn is situated on the prominent
main road leading to Glasgow & Paisley and the main shopping area. The site also has a rear car park and is within 2mins walk of the village car park
in this central spot.

On sales licensed hours Sunday to Thursday 11:00 - 00:00 Friday & Saturday 11:00 - 01:00

The Gryffe is an old traditional inn situated on the main street in Bridge
of Weir with easy access to nearby Glasgow & Paisley. The site has now
come available due to the end of the current tenants lease. Earmarked
for an extensive refurbishment this is the ideal opportunity for an
enthusiastic, self motivated operator with a vision for this wonderful
site. The successful candidate will take on initially a standard 5 yr
agreement before converting to a turnover agreement post investment.

Bars 1
Car park spaces 8
Food covers 30
Gardens 1
Trade kitchens 1
Rooms to let 7

No private accommodation at this site

Call our Recruitment Team on: 0845 607 5330 www.greenekingpubs.co.uk

Approx £29,943 which includes fixtures and fittings stock, glassware,
crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees,
rent in advance, training fees, working capital and deposit (minimum
£6,000, but should build to 25% of head rent). (Brokers fees not
applicable in Scotland).

Annual rent £49,000.00 per annum plus 8.00% Turnover Royalty
Notes £49,000 per annum, £942.31 per week fixed and subject to annual RPI increase, which is capped. Turnover royalty percentage calculated and
charged weekly as long side fixed rent. Paid weekly by direct debit subject to credit check.
*Reduced rent of £25,000 for the first year*
Brokers TBC Legal £825.00
Deposit £9,325.00 Stocktaking fees £150.00
Fixtures & fittings £10,310.00 Working capital £6,000.00
Other costs £2,883.00 Total entry cost £29,493.00

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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