Pearsons

6A Princes Avenue, Hull, North Yorkshire, HU5 3QA

Pub overview

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.

Trade space
Bars 1
Car park spaces 30
Dining rooms 1
Food covers 100
Gardens 1
Trade kitchens 1
Patio areas 1

Split in to two flats both with separate access.

Private space
Private Rooms 16
Lounge 2
Single Bedrooms 3
Double bedrooms 2
Private Kitchen 2
Bathrooms 2
Toilets 2
Office 1

Rent information

Annual rent £40,000 per annum plus 7% Turnover Royalty
Notes

£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).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £7,500 Working capital £2,000
Other costs £1,150 Total entry cost £18,300

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 451 20 13,975
2015/16 461 16,232
2014/15 509 3,632 15,033
Volume notes

Location

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.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Wednesday 09:00 - 01:00 Thursday to Sunday 09:00 - 02:00

Contact Us

Andy Wearn

Business Development Manager

Call us today 01284 714 497

Apply online
“ A large pub on a corner site which was re-opened in early 2013 following an extensive refurbishment. This is a great opportunity for an experienced operator that knows the local area! ”