Run Your Own Pub Business at The Cross Keys, Cottingham - Tenancy Opportunity

Location
East Riding Yorkshire
Salary
Business Opportunity
Posted
07 Mar 2018
Closes
07 Apr 2018

Tenancy Opportunity - Cross Keys, Cottingham

PUB OVERVIEW

Refurbished in late 2014/early 2015, this popular pub is just north of the village centre. An open plan pub that caters for drinkers and diners alike, with great eating spaces inside and out, plus a good sized commercial kitchen. The pub has a fantastic location, facilities and great scope for the future - the potential here is huge for the right operator!

The Cross Keys is a large, open planned quality local with 100+ covers and offers a trade kitchen, large car park, beer terrace and good domestic accommodation.

BUSINESS INFORMATION

Entry cost from: £27,050

Annual rent: £32,500 per annum plus 7.0% Turnover Royalty

Agreement Tenancy – Turnover Tenancy

Forecasted Operator Machine Profit: £10,716

Forecasted Operator Profit (including machine profit): £32,598

Forecasted Operator Turnover: £407,343

Average Beer & Cider Discount: £204 dependent on sales mix

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

LOCATION

Cottingham is a large village in the East Riding of Yorkshire. The Cross Keys lies 4.5 miles just to the north-west of the city of Kingston upon Hull
TRADE SPACE

This pub has great potential with separate areas for drinking and dining. It has a great traditional feel and a warm environment, everything you would want from a village pub. There is a great space for external drinking and dining too.

PRIVATE ACCOMMODATION

The private accommodation is in good condition and comprises of 3 bedrooms, a kitchen, living room and bathroom.

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.

“The Cross Keys is a great village pub and restaurant, situated in the Village of Cottingham which is less than 5 miles from Hull city Centre. It's great location makes it the perfect place to drink or dine whether you are local or just passing through. An enthusiastic experienced operator with a great food back rough would really thrive in this pub!”

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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