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Beer Garden
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External Drinking Area
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Function Room
Property details
The Greyhound is a large, double-fronted, detached pub situated just outside the centre of Lydney and benefits from being surrounded by a popular residential area as well as being in close proximity to the main High Street. The pub sits in a prominent and elevated position being located on a slight hill, with a good sized garden to front and side. Lydney is a town in the county of Gloucestershire and is conveniently situated on the west bank of the River Severn and is approximately 16 miles southwest of the city of Gloucester.
On entering the Greyhound, you will notice that there are two distinct trade areas that are interlinked and are both serviced by the good-sized central bar. The smaller side of the trade area is currently used as a pool table and darts zone at present, however, this could be further utilized as a small function room. The main bar area in an L shape, has an open fire, lots of TVs, and a mixture of seating.
There is a well-loved beer garden which is mainly to the front of the pub but also wraps around and down to the side.
The private accommodation consists of three bedrooms, a lounge/office, and a bathroom with a separate toilet.
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Cask Ale
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Team Games
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Pool Area
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Live Entertainment
Trading style
The Greyhound is predominantly a drinks-focused, local community pub, that has its main clientele from the houses and towns around the area. The pub was always the hub of the town with sports teams and televised sports entertainment as well as local live music and karaoke nights. With a vast garden and ample internal room, the Greyhound utilises the space well to provide zoned areas to facilitate diverse groups within the building. Lunchtime food, after-work drinking, and nighttime entertainment as well as summertime outside drinking and eating could all contribute to the diverse income streams of the site.
The landlords are looking for a passionate and driven individual or couple who has excellent retail standards. Ideally, the best person for this pub would be someone from the local area who can reconnect the pub back with the local community. They will need an active rhythm of the week and a strong marketing plan with a good social media presence to ensure the business is being driven forward.
The new licensee should also look to introduce a back bar food offer and encourage more families from the local community as well as introduce innovative drinks offers to put the pub at the heart of the community again. Focussing on re-establishing the daytime drinking trade as well as re-connecting with sports teams and re-introducing rugby via BT Sports would increase the footfall and promote the welcoming feeling that the pub can hold. Music and sports have always been key elements in driving the business at this site and someone who can maximise this would aid the pub in reaching its full potential.
Key financials
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Reference Number:
IU3WDL / P04095
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,000.00
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Annual Rent:
£21,750.00
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: £21,750 (Initial startup rent of £10,875 available)
Security Deposit: £5,000
Working Capital: £2,500
Stock: £2,500
F&F: TBC – funding options may be available for the right licensee.