Hole in the Wall
1 St Martins Street, Chichester, West Sussex, PO19 1NP
A landmark pub located in the centre of historic Chichester.
There is a clear opportunity for a dynamic operator who shares our vision of further developing this established business to drive both food and drink sales at this city centre pub and build on the existing trade while tapping into the thriving Chichester hospitality scene. It benefits from live bands playing on Saturday evenings and there is an open mic night on Thursdays. It also benefits from being able to show sports.
There is a central bar servery, with an open plan trade area to the front of the pub. To the rear, there is another area set up as a games room, with pool table, darts and a big screen for live sports.
The private accommodation is generous with 4 bedrooms, a kitchen, a bathroom and a lounge.
|Annual rent||£34,000 per annum|
|Weekly rent||£653.85 per week fixed|
£34,000 per annum, £653.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry Costs approx £38,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Fixtures and fittings is an estimated cost and are still to be valued.*
|Fixtures & fittings||£20,000||Working capital||£10,000|
|Other costs||£1,150||Total entry cost||£38,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•50/50 profit split of machines income
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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)|
Nestled at the foot of the South Downs, Chichester is a cathedral city in West Sussex, South-East England. The city is a hub of several main road routes, and has a railway station, theatre, hospital, schools and museums, with the pub located on St Martins St, just off the main shopping district and very close proximity to Chichester cathedral.