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HIGH TURNOVER OPPORTUNITY

Griffin

High Street, Ventnor, Isle of Wight, PO38 3JD

Ingoing Cost: £13,210
Annual Rent: £49,500

Features
Trading style
Key financials

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Beer Garden

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External Drinking Area

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Car Park

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Childrens Play Area

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Restaurant/Dining

Property details

*New Deal with Reduced Rent**

The Griffin is an iconic pub at the heart of Godshill village on the Isle Of Wight, popular with locals and the thousands of visitors to the picture postcard village for lunch and diner throughout the year.

Ready to operate, it is in impeccable condition throughout having recently been refurbished. Throughout the pub you will find multiple seating options for dining and socialising with a mix of comfy chairs, banquet sofas and booths, window seats, cosy corners and open fireplace. The multiple bar areas comfortably host 100+covers all catered for from the fully fitted trade kitchen.

To the rear the extensive first-class beer garden has seating for circa 200 covers and is home to the famous Griffin Maze, in addition there is a covered decking area and children’s play area. To the front and side is a car park for 12 vehicles and just opposite is the vast public car park.

One of just two pubs in Godshill, The Griffin is ideally suited to its neighbourhood and attracts all ages from 18 to 80, apart from dining occasions pub activity is focused on live music during the summer months and a popular weekly Tuesday quiz.

Private Accommodation

The private accommodation can be accessed externally and comprises 2 bedrooms, lounge/dining room, kitchen and family bathroom.

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Cask Ale

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Catering Kitchen

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Live Entertainment

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Experienced Operator

Trading style

The Pub Company are seeking an experienced entrepreneurial operator who has the vision to develop this iconic site with all its features and maximise its potential and appeal to both the local residential and visitor markets.

You will be a successful and proven operator with a history of developing destination sites, food, drink and entertainment offers that meet and make the most of the local market opportunity.

Key financials

Reference Number: FH4FW1 / 024599
Agreement Type: Tenancy

Min Ingoing Cost: £13,210.00
Annual Rent: £49,500.00

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

Business Details

Forecast Turnover:	£916,672 pa
Forecast Wet Turnover:	£366,710
Forecast Dry Turnover:	£549,962
Guide Rent Annual:	£49,500

Financial Details

Full Deposit:	£12,375
Potential Full Tie Release Fee:	£29,000
Agreement Fee:	£835
Repair Fund:	£77 pw
Fixtures / Fittings:	£178 pw

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MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

The information and images displayed about this property comprises a property advertisement. FindMyPub.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and FindMyPub.com has no control over the content.