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The Paxton is a renowned landmark pub in a prominent location in the heart of Gipsy Hill.
This is an imposing, traditional building with a recently modernised interior provided split level trading space for customers. Gipsy Hill has higher than the national average of 20-39 year olds and a trendy but authentic environment offers the right place to attract people for a busy Saturday night or a relaxing Sunday afternoon. The business has established a reputation for high quality food and a diverse range of beers, wines and spirits. There are 100 food covers available which increases further with the use of the garden area to the rear of the pub. We are looking for an experienced, London based operator to take this business forward and add their personality to turn this into a ‘must visit’ destination for nearby residents and passing trade.
Forecasted Operator Turnover
Forecasted Operator Profit (inc machine profit)
Forecasted Operator Machine Profit
Average Beer & Cider Discount*
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Tie variations available •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
Entry costs approximately £81,225.00, 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 £50,000 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
Fixtures & Fittings
Legal Admin Fee
Total Entry Costs
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.
|Year||Beer (Brls)||Wine & Spirits (Ltrs)||Minerals (Ltrs)|
The main trading areas are on split levels with two bar servery's. There is an open kitchen to the rear of the bar. There is a patio garden area to the back of the pub with an opportunity to develop this area further for the summer of 2020. The pub was fully refurbished in the autumn of 2018. The toilets are located on a level below the main trading areas.
Trade Dining Areas
Trade Food Covers
Trade Patio Areas
Trade Rooms to Let
External Child Play Areas
Customer Car Park Spaces
Current Premises License Opening Hours
Mon-Thu: 11:00 - 01:00
Fri-Sat: 11:00 - 02:30
Sun: 12:00 – 00:00
Private accommodation is in good condition throughout.
I am looking for a top quality London based operator to take on this fantastic business. Following a refurbishment late last year this pub is in excellent condition and offers a great opportunity to grow this business further.
Tim Sparrow, Business Development Manager
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