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Imperial Inn

Northgate Street, Gloucester, Gloucestershire, GL1 2AG

Ingoing Cost: £8,500
Annual Rent: £15,000

Features
Trading style
Key financials

Property details

The landlords are looking to complete a full internal and external redecoration ( subject to board approval) with the successful licensee. This is a really exciting opportunity to help re-launch the heart of the community pub!

The Imperial Inn is a traditional pub situated on Northgate Street in the centre of historic Gloucester. Gloucester lies on the beautiful River Severn, between the Cotswolds and the Forest of Dean. The city centre location is less than a five-minute walk from all of the bus and rail stations making it a great location for tourists in the area. From its world-famous cheese rolling to Hollywood blockbusters and over 200 years of history, the city of Gloucester is packed full of things to do. The iconic Kingsholm Stadium lies in the heart of the city and is home to The Gloucester Rugby where its chants can be heard for miles during match games and the venue hosts some of the industry's finest artists every year.

The Imperial Inn is a traditional Victorian-style pub that dates back to the early 18th Century. It has great character and fantastic charming features throughout with an impressive tiled frontage. There is one trading area which is of good size with a mix of banquette/fixed seating as well as tables and comfortable chairs. The bar is located in the heart of the pub meaning it is easily accessible. There is also a darts board and multiple televisions located around the trading area for live sports.

The accommodation has three large bedrooms, two of which are double and one single room, a lovely large lounge, bathroom and WC. The domestic kitchen is located on the ground floor. The upstairs living accommodation has recently benefitted from a full redecoration including a new bathroom and new carpets throughout.

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Cask Ale

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Catering Kitchen

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Live Entertainment

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Live Sports

Trading style

Currently, trading as a drinks-focused pub, offering a variety of core, esteem, and premium lagers, a great range of cider, 5-star cask marque real ale including a good range of local ale, craft beer, and spirits. The Imperial provides a great atmosphere for sports and entertainment. It provides three screens for live sports coverage including sky sports, BT sports, racing UK, At The Races, and more, so that you never miss a moment of sport. The Imperial thrives off the Rugby and events throughout the year at Kingsholm. Regular entertainment and a good rhythm of the week gives this traditional local pub a great buzz and vibe. There is an opportunity here to provide a food offer however the catering kitchen will need upgrading.

This operator will have a vision and a clear plan for The Imperial Inn. They will come with fresh ideas and innovation. This will be captured in a business plan that will be reviewed regularly with their BDM. They will engage with all aspects of the community and local businesses. They will create a great working environment for their team, leading the way and showcasing what great looks like. They will have passion and take pride in everything they do. They will focus on retail standards ensuring the Imperial Inn stands out from the competition creating a memorable experience day in and day out. There is a great opportunity here at the Imperial to invest with the right operator.

Key financials

Reference Number: IU3WDL / P00812
Agreement Type: Tenancy

Min Ingoing Cost: £8,500.00
Annual Rent: £15,000.00

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please be aware energy performance certificates are available from the landlord.

Annual Rent: £15,000 – Startup rent of £10,400 (net) p/a available
Security Deposit: £3,000
Working Capital: £3,000
Stock: £2,500

F&F: £7,500 – funding options may be available for the right licensee.

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