Black Horse

65 High Street, Rottingdean, East Sussex, BN2 7HE

SEASIDE TOWN CENTRE PUB

As the oldest pub in Rottingdean, the Black Horse is a traditional pub. The site is decorated based on Rottingdean's strong history of smuggling - of which the Black Horse was most definitely a key component! The pub consists of a main bar and dining area featuring an old log burner and a second bar which represents the pubs history. The small snug area is located in the oldest part of the building and sits upon the original smugglers tunnels. Quality home cooked food should be at the heart of the pub, where a sales split of 50/50 should be expected.

Location

The Black Horse is set in the picturesque coastal town of Rottingdean which is a 10 minute car journey from Brighton. The site is a 5 minute walk from the sea, located in the high street on one of the main roads into the town. To the North East you have the town of Lewes which has a good rail link into the surrounding areas. There are competitors within Rottingdean, however none that has the same unique offer like the Black Horse.

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£20,275

Turnover royalty

n/a

Forecasted Operator Turnover

£523,978

Forecasted Operator Profit (inc machine profit)

£36,267

Forecasted Operator Machine Profit

£2,000

Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£35,000 per annum) takes into consideration a machines supply concession. The annual rent will be £37,000 if you prefer not to have Greene King supply machines to you.

Entry cost is approximately £20,275 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £35,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.

Deposit

£8,750

Fixtures & Fittings

£7,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£1,150

Other Costs

£1,150

Total Entry Costs

£20,275

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2023 78 418 1,880
2022 76 1,285 2,612
2021 60 3,172 1,627

Two bar site with separate trading areas, and additional small snug to the front of the site . There is a well positioned trade kitchen, store room and toilets. The cellar is on the ground floor.

Trade Bars

2

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

80

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Sun-Thu: 08:00-00:30
Fri-Sat: 08:00-01:30

The living accommodation comprises one bedroom, bathroom and lounge.

Private Rooms

3

Lounge

1

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

This pub would be a great opportunity for experienced operators who can manage a good kitchen but can also build links with the local community.

Chris Hole, Business Developement Manager

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