Golden Grove Chertsey

Ruxbury Road, Chertsey KT16 9EN

  • Golden Grove Chertsey
  • Golden Grove Chertsey
  • Golden Grove Chertsey
  • Golden Grove Chertsey
  • Golden Grove Chertsey
  • Golden Grove Chertsey
  • Golden Grove Chertsey
  • Golden Grove Chertsey

Golden Grove Chertsey

Fantastic Pub

This cracking pub sits within Chertsey, a town in the Runnymede borough of Surrey, on the right bank of the River Thames and benefits from a great food offer, a beer garden and a car park. The local demographics feature a high mix of families with steady incomes and mature couples who represent a very attractive customer base. With a bustling and affluent local population there is ample opportunity to capture various levels of trade from the local community.

The Golden Grove offers a family friendly atmosphere renowned for good quality food, served consistently to a high service. Whether it's a delicious meal or a refreshing pint, this pub's warm and inviting environment is a great place to spend an afternoon or evening.

Proven Operator Needed

We're looking to work in partnership with a food led operator who has experience running a similar style operation, ideally with marketing and cost control skills. If you feel you have the skills, passion and determination to drive this business forward then we would love to hear from you.


Pub Features

  • Rolling Tenancy
  • Function Room
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Childrens Play Area
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

It's an open plan trading operation, which is packed to the rafters with original features, including fireplaces, exposed brickwork and ceiling beams. For drinkers, a cosy nook is perfect for sitting and chatting with friends, while diners enjoy the airy restaurant with its exposed beams and French windows. The food must be top-notch here, with service to match. The kitchen can cater for up to 100 covers. The pub is Cask Marque accredited and there's also a space for functions.

The outdoor space is a real asset here. It includes lawns, a quality smoking solution, covered dining options and benches for casual drinking in the beer garden.

Private Accommodation

There is private accommodation on site, details coming soon.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 23:00

Financials

Annual Rent £
47,500
Estimated Annual FMOP (Licensee Profit) £
47,304
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
559,643
Estimated Annual Barrelage
177

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
11,875
Rent In Advance £
913
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
45,098
Estimated Minimum Ingoing Costs £
15,226

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,272
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased