Queens Hotel

Important Information

• Business information

  Annual rent£26,000

  Additional informationThe rent will be stepped as you build your business, meaning the head rent will be equal to £13,000 for the first three months, after which the full rent is payable.

  Weekly rent£500

  Entry costs£12,750

  Turnover royaltyN/A

  Forecasted operator turnover£353,334

  Forecasted Operator Profit (inc machine profit)£35,015

  Forecasted operator machine profit£3,250

  Average Beer & Cider Discount*£144

  Type of TiePartial tie: Tied All Beer, All Cider & Minerals

  AgreementA one year tenancy agreement.

  Machine Product AgreementRestricted (50/50 share)

• Entry costs

  Entry cost is approximately £12750 which includes estimated stock, deposit and working capital. Fixtures and Fitting will be rented with weekly payments made. Any additional costs will be confirmed in your schedule 1 information.

  Deposit£2,000

  Additional InformationN/A

  Estimated Fixtures & Fittings Value£0

  Estimated Stock Value£3,250

  Estimated Working Capital£7,500

  Estimated Entry Cost£12,750

• 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	86	139	2,973
  2023	108	21	3,039
  2022	130	307	4,188

• Trading space

  There is a small public bar with larger lounge area, both served by the same service area. There is a fully functional catering kitchen which is currently unused and 8 rooms to let.

• Private accommodation

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