Golden Cross
Poyle Road, Colnbrook, Slough, Berkshire, SL3 0BN
AN EXCITING OPPORTUNITY ON THE DOORSTEP OF HEATHROW
The Golden Cross at Slough, offers vast potential for a new operator to focus on delivering a great food offer with regular events and entertainment. It's close proximity to Heathrow, the local industrial estate, residential area and airport Hotels mean there are plenty of customers to target, at all times of day. Taxi and Coach drivers between airport runs could be a great market to target, whilst they await their next job. The pub currently trades at a sale split of 70/30 in favour of drinks, so there is potential to improve the food trade. A strong itinerary of events and live music to help create a captivating offer will offer you the base to grow sales and drive the business forward.
Bar
Dining areas
Kitchen
Patio
Location
Slough is a large town in Berkshire, 20 miles west of central London and 19 miles north-east of Reading. It is in the Thames Valley and within the London metropolitan area at the intersection of the M4, M40 and M25 motorways.
Business Information
Annual rent
£29,500
Weekly rent
£567
Entry costs
£19,250
Turnover royalty
n/a
Forecasted Operator Turnover
£392,550
Forecasted Operator Profit (inc machine profit)
£31,197
Forecasted Operator Machine Profit
£2,500
Average Beer & Cider Discount*
£108
Type of Tie
Partial tie: Tied Draught Beer & Draught Cider only
Agreement
Standard Tenancy Agreement A fixed 5 year term. The annual rent shown (£29,500 per annum) takes into consideration a machines supply concession. The annual rent will be £32,000 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £19,250 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 £16,000. 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
£7,375
Fixtures & Fittings
£4,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£19,250
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) |
|---|---|---|---|
| 2022 | 108 | 8 | 3,189 |
| 2021 | 66 | 518 | 2,616 |
| 2020 | 54 | 898 | 2,907 |
This is a single room operation with large trade kitchen. There are 40 food covers. Externally there is a pleasant patio area with further covers and car park.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
40
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
16
Current Premises Licence Opening Hours
Sun-Thu: 08:00-00:00
Fri-Sat: 08:00-01:00
The accommodation comprises two bedrooms, kitchen, lounge and bathroom.
Private Rooms
5
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
0
Bedsits
0
I am seeking an experienced operator who can drive a regular program of events to maximise footfall throughout the week. The pub sits close to Heathrow terminal 5 as well as various businesses which lie on the adjacent industrial estate, offering plenty of scope to attract regular trade. Local knowledge and excellent digital marketing skills will be key to your success at the Golden Cross.
Rachel Smith, Business Development Manager
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