6A Princes Avenue, Hull, North Yorkshire, HU5 3QA
This wet led business is already well established for trading within the mainstream/premium sector in the city of Hull. Maintaining the great customer service and drinks offer will be most important to continue the success of the business, whilst there is a great opportunity to improve and grow the food offer too!
The former Old Zoological pub on Princes Avenue has become renowned locally for all things great about food, drink, sports and music - the place to be on a weekend, whilst through the week passing and local trade is already established.
The operator must have the capability to retain the high standards, with a passion to consistently deliver high quality food, drink and the environment that keeps people coming back time and time again.
The interior consists of several areas, some raised, some open and with some intimate booths.
|Car park spaces||30|
Split in to two flats both with separate access.
|Annual rent||£40,000 per annum plus 7% Turnover Royalty|
£40,000 per annum, £769.23 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 £18,300 which includes fixtures and fittings (25% with the remainder purchased through an assisted purchase scheme), stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£7,500||Working capital||£2,000|
|Other costs||£1,150||Total entry cost||£18,300|
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)|
Located on Hull’s ever popular Princes Avenue, Pearson's has established itself as a prime venue for casual dining, relaxed socialising and drink alike.