32 South Road, Waterloo, Liverpool, Merseyside, L22 5PQ
A well established circuit pub with potential for development and growth with the right publican.
A great high street pub with strong weekend circuit footfall driven by televised sports, weekend entertainment, events and pub team sports. The site is well known and established in the Waterloo suburb of Liverpool with an established local and circuit following. The pub is a one room open plan operation and has a beer terrace to the rear plus a catering kitchen, although this is not used at the moment. A good owner/operator publican is sought who can develop the existing trade and move it to the next level through offer development and innovative promotional activity. The introduction of an appropriate value food offer would benefit this site at key trading times.
The site is a large open plan trading area with a drinking and socialising terrace to the rear. There is an unused catering kitchen to the rear of the bar. The fixtures and fittings are appropriate to the site and are in good order.
The flat at the Raven is very large but would benefit from a cosmetic upgrade.
|Annual rent||£21,850 per annum|
|Weekly rent||£420.19 per week fixed|
£21,850 per annum, £420.20 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £24,150 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). *Please note an Assisted Purchase agreement may be available to help purchase the F&F which currently advertised at 25%, full cost is £6,000 pending valuation.
|Fixtures & fittings||£10,000||Working capital||£5,000|
|Other costs||£6,000||Total entry cost||£24,150|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||A competitive price led location, the introduction of BT Sport would assist mid-week and weekend volumes.|
Located on South Road in Waterloo, the site is situated on the main shopping, dining and weekend socialising area. Close to the sea and marine park which is a popular coastal attraction.