Black Bull (Benton) | Greene King Pub Partners

Facilities

Garden
Car park
Commercial Kitchen
Private accommodation

HIVE PUBS - REFURB PLANNED

The Black Bull in Benton, North Tyneside is set to receive a substantial refurbishment to transform it into one of our Hive pub franchises. The pubs lies on a busy main road, benefiting from plenty of passing traffic and the vast amount of surrounding resident...

Important Information

Agreement A 5 year Hive Pub franchise agreement.
Guaranteed Income £20,000
Turnover share 35% of Food Sales 20% of Drink Sales
Profit share 5%
Bonus £7,500
Annual Estimated Total Sales £717,600
Estimated Annual Franchise Retained Income £35,861
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 £5,000 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

Year	Beer (Brls)	Wine & Spirit (Ltrs)	Minerals (Ltrs)
2024	341	2,592	8,546
2023	386	3,016	10,220
2022	468	3,062	12,043

Andy Wearn

Business Development Manager

‘Combining my experience as a Business Development Manager for 14 years along with running my own pubs as a General Manager, I like to work closely with my franchise partners to support them in running great pub businesses. For me, working within pubs and hospitality offers a unique set of rewards and experiences that I find immensely satisfying. From building lasting relationships with my franchise partners, to helping them and their teams deliver outstanding hospitality and community events – I get a great sense of accomplishment from operating great pub businesses together.’