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Gregory Arms Grantham
Gregory Arms Grantham
The Drift, Harlaxton, Grantham, NG32 1AD Pub Code: 0050269101
Pub Code: 0050269101
Foundation TenancyEst Min Ingoing Costs: £19,917
Annual Rent: £53,000
Coming soon! We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime so apply today.
The Gregory is a great 19th century, 4-star village pub serving modern British food in comfortable rustic surroundings with a modern twist. Now complemented by the addition of five boutique bedrooms.
What would you do with this pub to make it even more of a success?
The area:
The 4 star Gregory Arms is situated in the picturesque village of Harlaxton just outside the town of Grantham, close to Belvoir castle and the A1. The pub is surrounded by rural housing.
Demographics:
The pub benefits from being the only pub found in an area of around 400 adults. The more mature customer base is made up of seniors and retirees enjoying village life and is now attracting visitors to the area after the recent addition of the boutique rooms.
The offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong food & drinks offer. What food & drinks would you look to implement in the pub?
The pub has an established and well thought out food offer with popular monthly food and drinks events. All produce is local and seasonal where available. The pub also offers five stunning boutique style bedrooms, each with its own bath/shower room.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their marketing strategy, food & drinks menu and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 90 internal covers
- 60 external covers
- Large Catering kitchen
- HEINEKEN SmartDispense
- 5 letting rooms
- Patioed garden
- Car park with 80 spaces
- Stunning open fireplace
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£51,750
Estimated Minimum Ingoing Costs
£19,917
Annual Rent
£53,000
Estimated Annual Turnover
£724,000
Deposit
£13,250
Estimated Fixtures & Fittings Value
£23,000
Estimated Stock Valuation
£12,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
The Drift, Harlaxton, Grantham, NG32 1AD
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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