Grey Man Westhoughton

88-90 Hindley Road, Bolton, BL5 2JS

  • Grey Man Westhoughton
  • Grey Man Westhoughton
  • Grey Man Westhoughton
  • Grey Man Westhoughton
  • Grey Man Westhoughton

Grey Man Westhoughton

Popular Pub with potential for growth

The Grey Man sits in the middle of a densely populated area, with 14,000 adults living within a one-mile radius, yet there is little competition from other pubs. Therefore, The Grey Man has access to a large and profitable market
both day and night.

There is a great demand for a high-quality pub in Westhoughton and The Grey Man provides an opportunity to
create a pub that serves the local community's every need. This pub would be the ideal location for coffee dates, afternoon lunches, large family dinners, as well as a cosy local. The outdoor terrace and children's play area will entice customers during the spring and summer. This pub has the potential to be the go-to establishment in the area.

Food focused operator required

The Grey Man West Houghton will be a premium local pub with a great food offer that connects with the local community. We are looking for an operator with some experience in commercial kitchens (bars or restaurants). This business needs a tight team with an experienced front of house manager supported by a great team in the kitchen.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Pub Features

  • Investment Tenancy
  • Refurbishment Planned
  • Live Sports
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The bar areas will be refurbished with a mixture of traditional and modern finishes, for customers to enjoy drinks in a warm and welcoming space. The bar and dining area will be refurbished to produce a light and airy feel and atmosphere, which will allow the decorations to flow naturally out to the terrace. The existing kitchen is a small and non-commercial kitchen. This will be removed as part of the large refurbishment project and a new open pass
commercial kitchen will be fitted in the new extension of the pub.

The terrace will provide excellent outdoor seating for customers to enjoy the pub's food and drink menu outside during the warmer months. This will be an area for all members of the family as children can enjoy the outdoor play area. The pub exterior and signage will be refreshed.

Private Accommodation

The private accommodation at the Grey Man West Houghton has lounge, kitchen, bathroom and two bedrooms. In line with our "Ready to Trade Promise", should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.


Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 11:00 - 00:30

Financials

Annual Rent £
52,515
Estimated Tenants Annual Operating Profit £
52,513
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
669,156
Estimated Annual Barrelage
369

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

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
41,709
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
12,000
Deposit Amount £
13,129
Rent In Advance £
1,010
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
69,458
Estimated Minimum Ingoing Costs £
60,705

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

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 are not included in the rent model or ongoing costs below.

Note that on FRI 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,892
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108
Estimated Annual Repairs Fund £
1,300

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

** 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