Ship & Castle
High Street, Congresbury, Bristol, Somerset, BS49 5JA
This is a Fantastic opportunity to take on a well established business benefitting from six attractive ensuite letting rooms, a large external trade area, car parking for over 50 cars and in close proximity to Bristol International Airport.
The Ship & Castle is a well established business and is available for the first time in nearly seven years. The site has an established trade from its reputable food offer and repeat visitors using the boutique letting rooms. Greene King are further enhancing the business with a full external programme of redecoration.
There are four separate internal trading areas accounting for around 75 covers .In addition there is a very large landscaped garden area featuring a raised decked area. There are six ensuite boutique letting rooms located on the first floor and accessed via a separate entrance.
|Car park spaces||50|
|Rooms to let||6|
The pub has two studio style bedroom flats with a kitchen/lounge area and a separate bathroom.
|Annual rent||£40,000 per annum plus 6.0% Turnover Royalty|
£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
*There is also an option to take the site on a five year tenancy with a fixed rent of £58,500 per annum*
Entry costs approximately £44,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Finance Assistance can be provided for the right applicant in terms of the fixture and fittings purchase*
|Fixtures & fittings||£23,000||Working capital||£10,000|
|Other costs||£4,150||Total entry cost||£44,800|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served at any time.
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||Please note that this pub has been free of tie from wines, spirits and minerals.|
The pub is situated in the commuter village of Congresbury on the main A370 Bristol to Weston Super Mare road, which is around 15 minutes from Bristol International Airport and close to Junction 21 of the M5. The village of Congresbury is a thriving community and currently has around 3,500 inhabitants.