Facilities

Commercial Kitchen
Private accommodation

HIVE PUBS - REFURB PLANNED

The Knowsley is a large and popular high street pub, well located in the market town of Bury. We have a full refurbishment of the pub planned, converting this current Greene King managed pub to our Hive Pub Franchise model. The refurbishment will improve both ...

Important Information

Agreement A 5 year Hive Pub franchise agreement.
Guaranteed Income £20,000
Turnover share 36% of Food Sales 20% of Drink Sales
Profit share 11%
Bonus £7,500
Annual Estimated Total Sales £592,800
Estimated Annual Franchise Retained Income £36,463
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. Please note the exact turnover share for drinks is 20.5% of net weekly sales
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. Please note the exact turnover share for drinks is 20.5% of net weekly sales
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

Nick Lanigan

‘I have worked for Greene King for several years, starting as an Assistant Manager and then becoming General Manager. As well as this, I have extensive hospitality experience having managed various establishments, including coffee shops and even a water park in Thailand. I love the charm, community, and history of pubs for being a focal point for so many people, where so many life occasions are celebrated and live long in the memory thereafter. I believe a great franchisee fosters a welcoming atmosphere and engages with the community.’