Hole in the Wall

1 St Martins Street, Chichester, West Sussex, PO19 1NP

Gallery

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Pub overview

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.

Trade space
Bars 1
Dining rooms 1
Food covers20
Gardens 1
Trade kitchens 1
Patio areas 1

The private accommodation is generous with 4 bedrooms, a kitchen, a bathroom and a lounge.

Private space
Private Rooms9
Lounge1
Single Bedrooms3
Double bedrooms1
Private Kitchen1
Bathrooms1
Toilets1
Office1

Rent information

Annual rent£34,000 per annum
Weekly rent£653.85 per week fixed
Notes

£34,000 per annum, £653.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

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.*

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£20,000Working capital£10,000
Other costs£1,150Total entry cost£38,800

Agreement description

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/181201,1081,976
2016/171821,3733,253
2015/162311,8044,860
Volume notes

Location

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.

Facilities

Trade bar
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday 11:00hrs - 00:00hrs Monday to Thursday 10:00hrs - 00:00hrs Friday and Saturday 10:00hrs - 01:00hrs

Contact Us

Graeme Marley

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Hole in the Wall is a traditional pub located in the heart of Chichester city centre, just off the main shopping district and in close proximity to the famous cathedral. It is a historic building on St Martins Street. An experienced operator is sought who has the vision and drive to further develop the business. There is a significant opportunity to grow the food sales and introduce world beers and premium wines and spirits to capitalise on the thriving Chichester market. ”