Facilities

Garden
Car park
Commercial Kitchen
Private accommodation

HIVE PUBS - REFUB PLANNED

The Unicorn is a family-friendly neighbourhood pub, much loved by locals, in the heart of Ilford. We will be transforming this current Greene King managed pub and transforming it into a Hive Pub Franchise. A Hive Franchise is ideal for someone to be at the hea...

Important Information

Agreement A 5 year Hive Pub franchise agreement.
Guaranteed Income £20,000
Turnover share 36% of Food Sales 20.5% of Drink Sales
Profit share N/A
Bonus £7,500
Annual Estimated Total Sales £596,000
Estimated Annual Franchise Retained Income £40,331
You will earn a guaranteed income of £20,000 per annum (paid at £385 per week), plus a percentage of net food and drink sales (also paid weekly). In addition, you can earn up to £7,500 bonus per annum based on your audited standards and a share of the profit (paid quarterly) if your business is successful. The estimated annual franchisee retained income quoted includes profit share and 50% of the total bonus opportunity available. Earnings are uncapped and can increase or decrease dependent on franchisee performance.
Income explained You will earn a guaranteed income of £20,000 per annum (paid at £385 per week), plus a percentage of net food and drink sales (also paid weekly). In addition, you can earn up to £7,500 bonus per annum based on your audited standards and a share of the profit (paid quarterly) if your business is successful. The estimated annual franchisee retained income quoted includes profit share and 50% of the total bonus opportunity available. Earnings are uncapped and can increase or decrease dependent on franchisee performance.
Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3,000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Entry Costs £5,000

Hannah Mills

Business Development Manager

‘As a Business Development Manager supporting our franchise business partners, I believe in transparency, openness and integrity. I enjoy working with community minded operators who pride themselves on being the heart of the community they serve, supporting them to run sustainable and successful pub businesses. Having previously worked in marketing roles across Greene King, I love supporting operators with initiatives and events that make their pubs stand out.’