Argosy

Important Information

• Business information

  Annual rent£50,000

  Additional informationThe annual rent shown (£50,000) takes into consideration a machines supply concession. The annual rent will be £74,000 if you prefer not to have Greene King supply machines to you.

  Weekly rent£962

  Entry costs£38,250

  Turnover royaltyN/A

  Forecasted operator turnover£793,486

  Forecasted Operator Profit (inc machine profit)£75,663

  Forecasted operator machine profit£24,500

  Average Beer & Cider Discount*Preferred

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

  AgreementScottish Tenancy Agreement. A fixed 3 year term.

  Machine Product AgreementRestricted (50/50 share)

• Entry costs

  Entry cost is approximately £38250 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£12,500

  Additional InformationN/A

  Estimated Fixtures & Fittings Value£13,750

  Estimated Stock Value£6,000

  Estimated Working Capital£6,000

  Estimated Entry Cost£38,250

• 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	570	N/A	8,520
  2023	546	711	6,505
  2022	520	2,053	6,810

• Trading space

  The Argosy bar is a large one bar operation, offering a mixture of fixed seating and loose furniture and a small beer terrace to the rear. The upstairs function room has 60 covers with a dance floor and is ideal for small social events, weddings and funerals

• Private accommodation

  There is no accommodation on site.