Pearsons
6A Princes Avenue, Hull, North Yorkshire, HU5 3QA
A GREAT PLACE TO EAT AND DRINK
During the week there is an opportunity to expand the food offer as the area attracts many people looking for meals at lunch time and in the evening. Over the weekend Pearson's becomes a destination venue for customers on a night out, with DJs and live sports attracting many people to the pub. The site is very close to the KCOM Stadium so showing all the major sporting events on the large screen TV's is critical. This stylish pub has a large bar area with dining located around the pub and also benefits from a car park with 30 spaces. We are looking for an experienced operator that can further develop the food offer during the week and continue to maximise the weekend trade. The Pearsons is also known for its entertainment where there is an event or offer happening each day of the week, in order to develop the trade during the week, it is essential that we keep this pubs reputation.
Bar
Dining areas
Garden
Kitchen
Patio
Location
Hull is a port city in the East Riding of Yorkshire, with the pub situated on the popular Princes Avenue. The pub benefits from lots of local and passing trade but also needs to compete with other businesses in the area. The pub is located very close to Hulls KCOM Stadium which supports football, rugby, concerts, etc, so the pub receives regular trade from people visiting the large events
Business Information
Annual rent
£15,000
Weekly rent
£288
Entry costs
£42,875
Turnover royalty
n/a
Forecasted Operator Turnover
£554,496
Forecasted Operator Profit (inc machine profit)
£22,977
Forecasted Operator Machine Profit
£4,000
Average Beer & Cider Discount*
£180
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement A fixed 5 year term
Entry costs approximately £42,875.00, 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 £22,000 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
£6,000
Fixtures & Fittings
£22,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£12,000
Other Costs
£1,150
Total Entry Costs
£42,875
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 & 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) |
|---|---|---|---|
| 2021 | 108 | 570 | 4,332 |
| 2020 | 78 | 456 | 3,554 |
| 2019 | 178 | 580 | 4,816 |
The interior consists of several areas, some raised, some open and with some intimate booths. The site benefits from a large bar area and dining situated all around the pub. There is a large car park for those visiting and a garden area also.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
100
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
30
Current Premises Licence Opening Hours
Mon - Wed: 09:00 - 01:00
Thu - Sun: 09:00 - 02:00
This site has a rare opportunity where the private accommodation is split into two flats, both with separate access.
Private Rooms
16
Lounge
2
Dining Rooms
2
Double Bedrooms
2
Single Bedrooms
3
Bathrooms
2
Toilets
2
Private Kitchens
2
Offices
1
Bedsits
0
I am looking for an excellent operator, with the skills and work ethic to take Pearsons to new heights. Pearsons is a large scale well positioned public house close to Hull's city centre. There is significant opportunityto further develop the food offer during the week, while continuing to maximise the weekend trade and footfall from the local stadium. If you are the right person, please contact the recruitment team
Jim Owthwaite, Business Development Manager
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