Cross Keys
94 Northgate, Cottingham, HU16 4EH
LOW IN GOING COSTS!
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,
Bar
Childplay areas
Dining areas
Garden
Kitchen
Patio
Location
Business Information
Annual rent
£23,000
Weekly rent
£442
Entry costs
£5,600
Turnover royalty
n/a
Forecasted Operator Turnover
£400,030
Forecasted Operator Profit (inc machine profit)
£26,460
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.
Entry costs approximately £5,600.00 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
£2,000
Other Costs
£350
Total Entry Costs
£5,600
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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2019/20 | 198 | 1 | 3,991 |
| 2018/19 | 204 | 1 | 4,606 |
| 2017/18 | 235 | 21 | 4,951 |
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
Yes
Trade Dining Areas
Yes
Trade Kitchens
Yes
Trade Food Covers
50
Trade Gardens
Yes
Trade Patio Areas
Yes
Trade Rooms to Let
0
Meeting Rooms
No
External Child Play Areas
Yes
Function Rooms
No
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
Yes
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
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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