Vauxhall Griffin South Lambeth

8 Wyvil Road, London SW8 2TH

Under Offer
  • Vauxhall Griffin South Lambeth
  • Vauxhall Griffin South Lambeth
  • Vauxhall Griffin South Lambeth
  • Vauxhall Griffin South Lambeth
  • Vauxhall Griffin South Lambeth
  • Vauxhall Griffin South Lambeth

Vauxhall Griffin South Lambeth

Fantastic Pub in South London!

The Vauxhall Griffin is a traditional pub which offers a warm and friendly welcome to everyone. Under a 10 minute walk from the Vauxhall Station and over 90,000 adults within one mile of the pub the Vauxhall Griffin is a pub with incredible potential, all we're missing is the right person to run it. So, could that be you?

The future offer of the Vauxhall includes work being carried out on the function room to allow the operator to fully utilise all income streams. The Vauxhall Griffin will produce a great British menu offering quality and value along with a great range of premium drinks.

Experienced, Passionate Operator Needed

We are ideally looking for a dynamic and energetic operator who has great attention to detail. They would be passionate about service and focused on delivering a quality offer to their customers.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the Vauxhall Griffin has an attractive main trading area as well as a function room. Investment is planned for this pub focusing on the function room.

Externally, there is seating to the front and side of the pub that can fit up to 25 customers.

Private Accommodation

The private accommodation at The Vauxhall Griffin consists of four bedrooms, a kitchen, living room and a bathroom. 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

See premise license 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 - 02:00 10:00 - 02:30 10:00 - 02:30 12:00 - 23:30

Financials

Annual Rent £
79,000
Estimated Annual FMOP (Licensee Profit) £
77,450
Representative HEINEKEN UK Brand Discount Per Barrel £
75
Estimated Annual Turnover £
695,642
Estimated Annual Barrelage
292

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 £
8,068
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
19,750
Rent In Advance £
1,519
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
45,000
Estimated Minimum Ingoing Costs £
45,000

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