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

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).

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
TBC
Rent In Advance £
TBC
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 £
TBC
Estimated Minimum Ingoing Costs £
TBC

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