Greyhound Inn Bridgewater

1 Lime Street, Bridgwater, TA5 1QR

  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater
  • Greyhound Inn Bridgewater

Greyhound Inn Bridgewater

Vibrant Village Inn

Set in the historical Somerset village of Stogursey, The Greyhound Inn is a wonderfully cosy village local. Surrounded by homes, the mature residents of idyllic Stogursey present an excellent customer base for the pub. The village itself is picturesque and popular with tourists travelling around the beautiful coast.

Popular with walkers and locals, the pub offers a great range of fresh ales, beers & ciders which can be enjoyed in the front lounge. The dining area, which serves classic pub favourites and meats from the grill, is also used for a variety of events, including a regular quiz, open mic nights and live music. Boasting rustic and warm letting rooms, the pub benefits from this letting income as an additional revenue stream.

BDM Vision

"Located in the heart of the village of Stogursey and close to the Quantock Hills and Lilstock Beach, the pub should be the hub of the local community. The village and pub benefit from being close to the Hinkley Point C construction site and the 1000's of construction workers housed there. The pub should cater for the local villagers, the skittle and darts teams, the local area and the construction workers from the site"

Creative Community Operator Wanted

Due to the village location of this site and the versatile nature of the offer, we are looking for a personable, creative Entrepreneur. The new operator would ideally be able to demonstrate previous experience in delivering a good food offer, followed by the business acumen to make it happen. Alternatively, we would consider someone without previous experience but could demonstrate great business acumen and a strong business plan. Does this sound like you?



Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Catering Kitchen
  • Private Accommodation

Trading Area & Facilities

Inside, the Greyhound is in good condition and is full of rustic charm. The trading area is divided into three distinct zones: the front lounge which has a log burning fire and soft leather sofas; the dining area which offers casual dining for 48 covers and is often used for events; and the contemporary sports bar which proves popular with teams for pool, darts and skittles.

Outside, the pub has great kerb appeal thanks to modern signage and a good lighting scheme. There is a modern, decked area with picnic tables for dining or drinks in the warmer summer months for customers and also a childrens play area. Finally, a large, secure, free car park is available for customers.

Private Accommodation

Private accommodation consists of one bedroom, a lounge and a kitchen. In line with our Ready To Trade promise, we will ensure your property is in good repair so you can focus your energy on your new business.

Premises Licence Details

Please see the Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 12:00 - 00:00

Financials

Annual Rent £
24,750
Estimated Annual FMOP (Licensee Profit) £
30,370
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
366,055
Estimated Annual Barrelage
184

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
7,755
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
6,188
Rent In Advance £
476
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
22,729
Estimated Minimum Ingoing Costs £
13,373

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,437
Estimated Annual Maintenance Compliance Charge £
1,469
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased