Cross Keys
94 Northgate, Cottingham, HU16 4EH
YOUR CHANCE TO ESTABLISH A GREAT COMMUNITY LOCAL
The Cross Keys in Cottingham is situated just 200 yards from the town centre and has historically traded well. We are looking for a new operator who can offer an exciting food offer and build strong links with the local community, via events, local teams and networking opportunities. We would expect the site to be heavily wet led, trading at a split of around 75/35. The Cross Keys should be able to attract a wide variety of customers including families, workers, couples and sports fans, looking to see their team in action.
Bar
Dining areas
Garden
Kitchen
Patio
Location
Cottingham is a large village in the East Riding of Yorkshire. The Cross Keys lies approximately three and a half miles to the north-west of the city of Kingston upon Hull. Cottingham offers various amenities, including railway station, primary school and various shops/local businesses. Cottingham is one of the Villages claiming to be the largest Village in the UK.
Business Information
Annual rent
£11,000
Weekly rent
£212
Entry costs
£10,400
Turnover royalty
n/a
Forecasted Operator Turnover
£362,377
Forecasted Operator Profit (inc machine profit)
£22,925
Forecasted Operator Machine Profit
£2,300
Average Beer & Cider Discount*
£180
Type of Tie
Full tie: All products
Agreement
1 Year Foundation Agreement. Machine income shared 50/50
Entry costs approximately £10,400, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £2,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£2,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£6,000
Other Costs
£1,150
Total Entry Costs
£10,400
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 | 31 | 243 | 721 |
| 2022 | 127 | 448 | 1,861 |
| 2021 | 94 | 515 | 1,788 |
The trade space offers a single bar within a large area that has defined sports and pool areas. Externally there is a car park and patio/garden to the rear.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
30
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
18
Current Premises Licence Opening Hours
Sun - Wed: 09:00 - 01:00
Thu - Sat: 09:00 - 02:00
The private accommodation comprises 3 bedrooms, a kitchen, living room, bathroom, toilet and office
Private Rooms
8
Lounge
1
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
I am looking for a motivated and high energy entrepreneur(s) to drive this excellent village pub within the local community. The pub is currently shut however offers MASSIVE potential. The Pub benefits from having a car park, beer garden/patio, a prominent location, catering kitchen and pool table. I would like the new operator to have an exciting food offer with a real unique selling point and a passion for cask ales.
Jim Owthwaite, Business Development Manager
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