High Street, Iron Acton, Bristol, Gloucestershire, BS37 9UG
Fantastic large country pub, fully refurbished in 2012 but still looking in immaculate condition throughout.
*Large discount on beer*
*There may be an opportunity for the F&F to be financed via an assisted purchase agreement subject to a minimum 25% initial deposit*
The pub offers a total of 90 covers spread over three separate dining areas in addition to a drinkers snug. There is a wonderful beer garden to the side of the pub as well as a separate covered external area. The pub also benefits from a large car park.
There are three defined dining areas, in addition to a snug and bar area to the side of the main bar. Externally there is a large beer garden featuring children's play equipment. There is also a large catering kitchen.
|Car park spaces||38|
|Child play areas||1|
There are five bedrooms situated over the first and second floors in addition to a lounge area and kitchen. There is also a kitchen and an office on the first floor. The accommodation throughout is in excellent condition.
|Annual rent||£20,000 per annum plus 7% Turnover Royalty|
£20,000 per annum, £384.62 per week fixed and subject to annual RPI increase, which is capped. Turnover royalty percentage calculated and charged weekly as long side fixed rent. Paid weekly by direct debit subject to credit check. Machine income free of tie.
Entry costs approx £46,600 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).
|Fixtures & fittings||£30,000||Working capital||£8,000|
|Other costs||£1,150||Total entry cost||£46,600|
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)|
The pub is set back from the busy B4058 Bristol to Yate/Chipping Sodbury road in the semi rural village of Iron Acton. Bristol is around 10 miles away, while in the other direction the large towns of Yate & Chipping Sodbury also provide trade to the pub.