Marquis Of Granby Sompting

West Street, Lancing BN15 0AP

  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting
  • Marquis Of Granby Sompting

Marquis Of Granby Sompting

Transformational Refurbishment Planned! Details coming soon.

An extensive refurbishment will transform the Marquis of Granby into an attractive pub for everyone to enjoy. There are over 13,000 adults within one mile of the pub and over 50% of the population are of a higher than average income. The local population is made up of families and couples looking for a community focused pub with a great food offer. The Marquis of Granby is a pub with incredible potential, all we're missing is the right person to run it. So, could that be you?

Experienced Innovative Operator Wanted

We are ideally looking for an operator who can share our vision to transform this pub whilst bringing their own flair and ideas to make the most of this opportunity. We would therefore be looking for someone with experience within the trade with strong food and marketing knowledge.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

The Marquis of Granby is earmarked for investment with full refurbishment details coming soon. Internally the trading area is open planned with a couple of trading zones. There is a catering kitchen able to cater up to 80 covers.

Externally, the refurbishment plans include replacing the function marquee with a purpose built function area that will include a BBQ and a bar outside. There is also a fantastic children's play area and car park.

Private Accommodation

The private accommodation consists of four bedrooms, large 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

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 12:00 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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