Mill Lane, Whitburn, Sunderland, Tyne and Wear, SR6 7EL
If you have big plans, can see the big picture and want a big pub, the Grey Horse in Whitburn, Sunderland is a big opportunity!
This pub is currently trading at the value end of the market but sits in the affluent village of Whitburn. As such there is a great opportunity to bring it up to a mainstream or premium offer and increase footfall from local residents looking for something bigger and better.
As you might have gathered it’s a big building, located on the main road through Whitburn and can’t be missed. As well as being in a prime location the internal and external areas of the pub offer huge scope for investment and increasing trade. Currently there are 75 food covers, but with the existing large trade kitchen and the right operator this could be increased to around 100 covers. There is also a function room that provides many possibilities for diversifying the current offer and taking this pub to the next level.
|Car park spaces||25|
The accommodation is in good condition and comprises 4 bedrooms, a kitchen living and dining room, with 2 bathrooms.
|Annual rent||£7,600 per annum|
|Weekly rent||£146.15 per week fixed|
£7,600.00 per annum, £146.16 per week paid weekly by direct debit. All terms negotiated on agreement.
Approx £28,325 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *Fixtures & fittings are still to be valued.*
|Fixtures & fittings||£0||Working capital||£10,000|
|Other costs||£10,350||Total entry cost||£27,525|
Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
As well as local residents Whitburn also attracts some tourism with the Grey Horse just a short walk from the beach, and the world famous Sunderland International Air Show attracting visitors to the area.