Hope & Anchor Greatham

High Street, Hartlepool, TS25 2EN

  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham
  • Hope & Anchor Greatham

Hope & Anchor Greatham

Superb Business Opportunity

The Hope & Anchor is a popular high street pub in the village of Greatham, situated very close to Hartlepool. It is situated near to other local businesses on the main thoroughfare through Greatham. The village has a traditional feel and is mainly occupied by professional couples and families. New housing development is due to be built in the village which will boost the population and create an excellent opportunity to increase footfall. Being so close to Hartlepool also provides the opportunity for the Hope & Anchor to become a destination pub and provide the right operator with an opportunity to build an exciting and appealing offer.

Experienced Operator Wanted

We require an operator who can demonstrate a proven track record within the licensed trade and who can work with us to allow this pub to achieve its full potential.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The horseshoe-shaped pub has traditional decor, including wooden ceiling beams and a log fire, and is served by one main bar. The site is very spacious and has plenty of seating both for drinking and casual dining alike.

Externally, the pub boasts a large car park and great beer patio, excellent for taking advantage of the warmer months.

Private Accommodation

The private accommodation is of a good size, suitable for a family. It consists of 3 bedrooms, kitchen, bathroom, and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 12:00 - 22:30

Financials

Annual Rent £
23,250
Estimated Tenants Annual Operating Profit £
25,037
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
384,502
Estimated Annual Barrelage
139

“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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
5,813
Rent In Advance £
447
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
14,445

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 £
1,979
Estimated Annual Maintenance Compliance Charge £
1,463
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