Grey Man Westhoughton

88-90 Hindley Road, BL5 2JS

  • Grey Man Westhoughton
  • 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 is a large community pub located in Daisy Hill, close to West Houghton. The Pub has performed well as a drinks led pub over the years and is well known for its well-appointed beer garden and live sports coverage.

Imaginative publican wanted!

You will need some experience to continue the success at The Grey Man, but also the ability to introduce a simple food offer and drive the events calendar.

Pub Features

  • Rolling Tenancy
  • Live Sports
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Grey Man is a large pub with a lounge and public bar with a mix of traditional fixed and loose seating. Numerous screens are fixed throughout to enable the live sports viewings and there is a distinctive red pool table.

Externally the pub is very well maintained and has great kerb appeal. The large beer garden has picnic style seating and space for children. The well-kept car park round off the package.

Private Accommodation

The private accommodation consists of two bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

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 £
16,000
Estimated Annual FMOP (Licensee Profit) £
19,627
Representative HEINEKEN UK Brand Discount Per Barrel £
195
Estimated Annual Turnover £
251,322
Estimated Annual Barrelage
236

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
4,754
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
4,000
Rent In Advance £
308
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,257
Estimated Minimum Ingoing Costs £
10,528

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 £
1,837
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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