Greyhound

23 Tong Lane, Bradford, West Yorkshire, BD4 0RR

AVAILABLE DUE TO RETIREMENT

The Greyhound is a traditional pub in the village of Tong. The pub sits right beside the local Cricket pitch and is a popular destination dining site for the local community and those further afield. The Cricket pitch offers an excellent revenue driver during the summer months. The pub is becoming available due to retirement and the current licensee has built a solid business, with a loyal customer base and is well known for great food, ale and great customer service. The site offers eighty dining covers and has a large car park.

Location

Tong is an historic village in West Yorkshire, located between Leeds and Bradford. Tong Village forms part of Tong Conservation Area, which was originally designated in 1973. The designation covers virtually the entire village which extends in a linear fashion along Tong Lane, the main thoroughfare. The pub is in the centre of the village and is surrounded by residential homes.

Business Information

Annual rent

£64,000

Weekly rent

£1,231

Entry costs

£84,195

Turnover royalty

n/a

Forecasted Operator Turnover

£776,171

Forecasted Operator Profit (inc machine profit)

£64,007

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£72

Type of Tie

Partial tie: Tied All Beer, All Cider, Minerals & Spirits

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £84,195.00, 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 25% of head rent. Fixtures and Fittings are valued at approximately £15,320 and the final valuation will be confirmed on change day. 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

£16,000

Fixtures & Fittings

£15,320

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£50,000

Other Costs

£1,150

Total Entry Costs

£84,195

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 127 3 4,333
2019 264 11 9,304
2018 273 20 8,908

There is one main bar area, with horseshoe shaped bar. There is also an additional dining room which can be used as a function room.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

80

Trade Gardens

0

Trade Patio Areas

0

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

1

Customer Car Park Spaces

40

Current Premises License Opening Hours

Sun-Wed: 09:00-01:00
Thu-Sat: 0900-02:00

The accommodation is in good condition and consists of kitchen, lounge, two bedrooms, bathroom, toilet and office.

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking a food focused, experienced operator with a strong ethos for customer service. Knowledge of the local marketplace would be an advantage, but not essential. This is an already successful business and the ability to revitalise the pub and build on the existing good will is essential for your success. If this feels like an exciting opportunity, then please contact the recruitment team for further information.

Jim Owthwaite, Business Development Manager

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