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Greyhound Inn Bridgewater

1, Lime Street, Bridgwater, TA5 1QR

Pub Code: 2300800101

Key Features

  • Cosy, village inn
  • Family-friendly offering
  • Modern beer garden
  • Three Letting rooms

Est Min Ingoing Costs: £9,959

Annual Rent: £17,622

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More Information

Vibrant Village Inn

Set in the historical Somerset village of Stogursey, The Greyhound Inn is a wonderfully cosy village local with three letting rooms. Surrounded by homes, the mature residents of idyllic Stogursey present an excellent customer base for the pub. The village itself is picturesque and popular with tourists travelling around the beautiful coast.

Popular with walkers and locals, the pub offers a great range of fresh ales, beers & ciders which can be enjoyed in the front lounge. The dining area, which serves classic pub favourites and meats from the grill, is also used for a variety of events, including a regular quiz, open mic nights and live music. Boasting rustic and warm letting rooms, the pub benefits from this letting income as an additional revenue stream.

  • Catering Kitchen

  • Letting Rooms

  • Private Accommodation

  • Foundation Tenancy

Trading Area & Facilities

Inside, the Greyhound is in good condition and is full of rustic charm. The trading area is divided into three distinct zones: the front lounge which has a log burning fire and soft leather sofas; the dining area which offers casual dining for 48 covers and is often used for events; and the contemporary sports bar which proves popular with teams for pool, darts and skittles.

There are three letting rooms which provide an additional revenue stream for the future operator.

Outside, the pub has great kerb appeal thanks to modern signage and a good lighting scheme. There is a modern, decked area with picnic tables for dining or drinks in the warmer summer months for customers and also a children's play area. Finally, a large, secure, free car park is available for customers.

Private Accommodation

Private accommodation consists of one bedroom, a lounge and a kitchen.

Premises Licence Details

Please see the Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 -
00:30
08:00 -
00:30
08:00 -
00:30
08:00 -
00:30
08:00 -
00:30
08:00 -
00:30
12:00 -
00:00

Annual Rent £
17,622
Estimated Tenants Annual Operating Profit £
24,620
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
293,254
Estimated Annual Barrelage
154
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
5,617
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
4,406
Rent in Advance £
339
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,982
Estimated Minimum Ingoing Costs £
9,959
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 Building Insurance £
2,553
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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

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