Hidden Knight

Important Information

• Business information

  Annual rent£17,935

  Additional informationThe annual rent shown (£17,935) takes into consideration a machines supply concession. The annual rent will be £19,935 if you prefer not to have Greene King supply machines to you.

  Weekly rent£345

  Entry costs£19,750

  Turnover royaltyN/A

  Forecasted operator turnover£279,674

  Forecasted Operator Profit (inc machine profit)£19,935

  Forecasted operator machine profit£2,000

  Average Beer & Cider Discount*£144

  Type of TieFull tie: Access to Discounted Wines, Spirits & Minerals Price List

  AgreementStandard Tenancy Agreement. A fixed 5 year term.

  Machine Product AgreementRestricted (50/50 share)

• Entry costs

  Entry cost is approximately £19750 which includes 25% of the fixtures & fittings value, deposit, stock and working capital. Any additional costs will be confirmed in your schedule 1 information. You will also need to obtain independent professional legal and financial advice. Please note, the fixtures and fittings value is estimated and will be confirmed on change day and an assisted purchase plan is available to purchase the remaining 75% of fixtures and fittings.

  Deposit£6,000

  Additional InformationN/A

  Estimated Fixtures & Fittings Value£3,750

  Estimated Stock Value£5,000

  Estimated Working Capital£5,000

  Estimated Entry Cost£19,750

• Turnover

  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.

  Year	Beer (Brls)	Wine & Spirit (Ltrs)	Minerals (Ltrs)
  2024	70	660	1,332
  2023	89	819	2,000
  2022	99	815	1,782

• Trading space

  The pub offers three rooms, two of which have bars. There is a small hidden garden and commercial catering kitchen.

• Private accommodation

  The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom and toilet.