Cross Keys

94 Northgate, Cottingham, HU16 4EH

RENT STEPS AVAILABLE: MONTHS 1-3 £9,500 MONTHS 4-6 £14,250 MONTHS 7-9 £19,000 MONTHS 10-12 £19,000

The Cross Keys, Cottingham is a popular pub in excellent condition. The pub is a large open plan venue, appealing to drinkers, as there are a great range of cask ales as well as regular offers on Gins, Wines and more! Entertainment is also key here and the pub currently hosts regular live music and quiz nights. The Pub appeals to the local community and those travelling from further afield, thanks to the great mix on offer. Externally there is a pleasant garden which is popular during the summer months and thirty car parking spaces. The potential here is huge for the right operator, the foundations are solid and Greene King will offer all the training and support you might need,

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

£19,000

Weekly rent

£365

Entry costs

£11,600

Turnover royalty

n/a

Forecasted Operator Turnover

£383,802

Forecasted Operator Profit (inc machine profit)

£22,531

Forecasted Operator Machine Profit

£4,400

Average Beer & Cider Discount*

£144

Type of Tie

Full tie: All products

Agreement

Flexible Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation. Machine income shared 50/50

Entry costs approximately £11,600.00 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 £2,000.00. Fixtures and Fitting will be rented with weekly payments made. Fixtures and fittings 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

£8,000

Other Costs

£350

Total Entry Costs

£11,600

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 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 80 191 1,323
2019 221 1 4,308
2018 215 1 5,026

This pub has great potential with separate areas for drinking and dining. It has a great traditional feel and a warm environment, everything you would want from a village pub. There is also a great space for external drinking and dining, as well as a sports area with a pool table and darts throw. There is an external kids zone.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

50

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

1

Function Rooms

0

Customer Car Park Spaces

30

Current Premises License Opening Hours

Sun - Wed: 09:00 - 01:00
Thu - Sat: 09:00 - 02:00

The private accommodation is in good condition and comprises of three bedrooms, a kitchen, living room and bathroom.

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an enthusiastic, experienced operator who could really thrive in this great Pub. Since investment, The Cross Keys now caters for sports enthusiasts and drinkers alike, whilst still offering a great selection of food. For further information, please do contact the recruitment team

Andy Wearn, Business Development Manager

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