94 Shirehampton Road, Stoke Bishop, Bristol, Avon, BS9 2DS
This recently refurbished site is situated on the busy Shirehampton road and is now available & ready for the right applicant. Generous discounts available on draught beer and cider, comparable with free trade prices.
*There may be an opportunity for the F&F to be financed via an assisted purchase agreement subject to a minimum 25% initial deposit*
The Millhouse benefits from a full refurbishment. It has two external patio areas in addition to car parking for 16 cars. The pub boasts an excellent catering kitchen in addition to a three bedroom owners flat.
The pub benefitted from a full internal refurb in August 2015. There is one main bar area with a raised dining area holding 24 covers with a potential further 30 around the main bar. Externally there are two patio areas one at each end of the pub and a large car park for 16 cars.
|Car park spaces||16|
Located on the first floor is a three double bedroom flat with separate lounge, kitchen & bathroom. The accommodation is in excellent order throughout.
|Annual rent||£25,000 per annum plus 5.0% Turnover Royalty|
£25,000 per annum, £480.77 per week fixed and subject to annual RPI increase, which is capped. Turnover royalty percentage calculated and charged weekly as long side fixed rent. Paid weekly by direct debit subject to credit check. Machine income free of tie.
Entry Costs approx £42,800 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 & fittings||£24,000||Working capital||£10,000|
|Other costs||£1,150||Total entry cost||£42,800|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
•A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
•Basic rent plus a Turnover Royalty percentage.
•Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
•Flexible tie variations available.
•Discounted price list unique to the Turnover Agreement.
•Greene King is responsible for the structure of the building.
•Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served at any time.
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)|
The pub is set in the Bristol suburb of Stoke Bishop around 4 miles from the centre of the city. The pub sits on the busy Shirehampton Road linking Bristol with the M4. The pub is surrounded by both residential and commercial premises.