Griffin

64 Main Road, Danbury, Chelmsford, Essex, CM3 4DH

A really exciting opportunity awaits!

This beautiful pub sits in an ideal location with a modern inviting interior. There is a large function room on site, large car park and is situated on a busy main road. The Griffin has been known as a destination Pub with a quality dining experience, we belive this can be re launched and grown to maximise the excellent potential. There is plenty of potential to grow the business in a busy market place, locals are keen to see change in this pub and the support from the village is strong. This site is an ideal pub for someone with ambition and exciting new ideas.

Location

Business Information

Annual rent

£50,000

Weekly rent

£962

Entry costs

£43,725

Turnover royalty

n/a

Forecasted Operator Turnover

£420,777

Forecasted Operator Profit (inc machine profit)

£47,707

Forecasted Operator Machine Profit

£0

#}

Average Beer & Cider Discount*

£36

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £43,725.00, 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 £20,000 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

£12,500

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£4,500

Total Entry Costs

£43,725

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 25 233 2,029
2018/19 70 131 4,904
2017/18 77 166 5,136

You have one main bar in the middle of the pub with dining areas around it, the outside offers seating for customers

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

12

Current Premises License Opening Hours

Mon - Sun: 10:00 - 00:30

Well decorated, maintained to good standard

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

The Griffin sits in the heart of the beautiful village of Danbury. Located on a main road with plenty of parking for customers, i am looking for a new operator with a passion for high quality dining. It is well presented inside and out with living accommodation above. This is truly an exciting opportunity for someone to take this pub and grow its market share.

James Pearson, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.