Tenancy - Sandpiper, Washington

Location
Washington, Tyne and Wear (GB)
Salary
Business Opportunity
Posted
01 Oct 2017
Closes
31 Oct 2017

Tenancy - Sandpiper, Washington

BUSNESS INFORMATION

Entry cost from: £23,800

Annual rent: £24,000 per annum plus 7% Turnover Royalty

Agreement Tenancy – Turnover Tenancy

Forecasted Operator Machine Profit: £2,900

Forecasted Operator Profit (including machine profit): £43,852

Forecasted Operator Turnover: £418,020 Average Beer & Cider Discount*: £204 * dependent on sales mix

Type of Tie: Partial tie: Tied All Beer, All Cider & Minerals

PUB OVERVIEW

Are you the person to take this pub to the next level through transformational investment? Great size pub located in Biddick, a small village within Washington - the potential is endless here...

LOCATION

Washington is a town in the City of Sunderland, Tyne and Wear and part of historic County Durham. Washington is located geographically at an equal distance from the centres of Newcastle, Durham and Sunderland, hence it has close ties to all three cities.

CURRENT PREMISES LICENCE OPENING HOURS

Sunday - Monday 10:00 to 00:00

About the business
TRADE SPACE

Facilities include two bar areas, a trade kitchen, a beer terrace and substantial domestic accommodation.

PRIVATE ACCOMMODATION

The accommodation is located under the pub, to the rear and comprises of 3 adequately sized bedrooms, large living room and spacious kitchen/dining area.

ESTIMATING TURNOVER

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.

“Since the late 1970s, The Sandpiper has been, and continues to be, part of the local community. A traditional community pub that comprises of two large open plan bar/dining areas, substantial trade kitchen and small beer terrace to the rear of the pub. An experienced operator looking to run this business will see it's potential!”

WHY CHOOSE US?

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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