FindMyPub.com
No Private Accomodation
FindMyPub.com
Restaurant/Dining
Property details
The Old Bank is a high-profile town-centre pub located on Grantham's bustling High Street, offering an exciting opportunity to take on an established sports and entertainment venue with significant growth potential. Well known locally as a destination for live sport, socialising and late-night entertainment, the venue benefits from a strong customer base and an excellent position at the heart of the town's hospitality circuit.
Internally, the pub features a large single-bar operation with multiple trading zones, including six raised booths, each with their own television, and a dedicated sports area for pool and darts. The venue already enjoys a strong evening trade and benefits from extended licensing hours, making it well positioned to maximise both daytime and late-night opportunities.
Private Accommodation
There is no private accommodation available with this opportunity.
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
FindMyPub.com
Live Sports
FindMyPub.com
Experienced Operator
Trading style
They are seeking an experienced and entrepreneurial operator who can look beyond the existing branded format and create a dynamic, multi-faceted town-centre business. The successful publican will have a proven track record in developing high-volume hospitality venues and understand how to balance food, drink, sport and entertainment to maximise revenue.
This opportunity would suit someone with experience in town-centre operations who can build upon the venue's existing strengths while introducing fresh ideas, events and promotions. Strong leadership skills, commercial awareness and the ability to create a compelling customer proposition across multiple trading occasions will be essential to unlocking the site's full potential.
Key financials
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Reference Number:
FH4FW1 / 186007
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£12,085.00
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Annual Rent:
£45,000.00
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: | £923,900 pa |
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| Forecast Wet Turnover: | £665,214 |
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| Forecast Dry Turnover: | £258,686 |
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| Guide Rent Annual: | £45,000 |
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| Turnover Rent Annual: | £9,304 |
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| Turnover Rent (%): Instead of a fixed monthly rent, you'll pay a base rent (guide rent demonstrated above)
plus a percentage of your net turnover (the percentage is demonstrated above). | 1 % |
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Financial Details
| Full Deposit: | £11,250 |
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| Agreement Fee: | £835 |
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| Repair Fund: | £77 pw |
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| Fixtures / Fittings: | £120 pw |
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