Investment Planned

Old Grindstone

3 Crookes, Sheffield, South Yorkshire, S10 1UA

Gallery

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Pub overview

Fantastic opportunity in the heart of Sheffield, surrounded by chimney pots and also close to the main universities and teaching hospital. A targeted spend to enhance the curb appeal and develop the business further is planned.

A great opportunity to build on an already established business, this would be an ideal opportunity for an experienced owner operator or someone who is new to the industry.

The business comprises of one large trading area which is extremely well zoned whether you're dining, watching sports or playing pool or darts. In addition the site enjoys an external drinking area.

Trade space
Bars 1
Dining rooms 1
Food covers 70
Trade kitchens 1
Patio areas 1

Well appointed clean and spacious accommodation situated upstairs.

Private space
Private Rooms 8
Lounge 1
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £0
Weekly rent £0 per week fixed
Notes

The Rent is TBC

Approx £15,650.00 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *The Fixtures and Fittings value is being shown as a 25% deposit of the full amount.* *Applicants will be considered with a minimum investment of £20,000*

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £5,000 Working capital £3,000
Other costs £0 Total entry cost £15,650

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
•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

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2017/18 173 661 4,294
2016/17 298 1,761 5,912
2015/16 249 1,676 5,722
Volume notes

Location

A terrific site situated in the heart of Crooks, the Old Grindstone is in a suberb location close to Hallam University and the the University Hospital. The site enjoys an enviable prominent position on a corner plot of a main road junction so has the added benefit of excellent exposure from passing trade.

Facilities

Trade bar
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Opening Hours: Sun to Thurs 09:00hrs - 00:30hrs Fri & Sat 09:00hrs - 01:30hrs

Contact Us

Alex Gill

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ This business enjoys the benefit of having an excellent local trade for both liquor and food, this is in addition to the local student market during term time. Whilst the market place is competitive this really does keep the Old Grindstone in the thick of the action. ”