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Beer Garden
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External Drinking Area
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Letting Rooms
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Car Park
Property details
New to the Market - Pub Opportunity with Letting Rooms in Cambridgeshire!
A wonderful 15th-century coaching inn, Ye Olde Griffin is a prominent and imposing town-centre pub with a wealth of heritage, character and a distinctive hospitality proposition. Located on March High Street, the pub benefits from strong visibility, excellent accessibility and its own customer car parking.
Ye Olde Griffin offers an impressive range of revenue streams, including 11 refurbished letting bedrooms with double, twin and family accommodation, alongside a strong food and drinks proposition trading from breakfast through to lunch and dinner. The offer can be complemented by popular occasions including bottomless brunch, afternoon tea and carvery.
The pub is also a destination for sport and entertainment within the local area, with multiple TVs, a full sports offer, regular entertainment and quiz and bingo nights.
Internally, the Griffin is split into a number of distinct trading areas, offering in excess of 120 covers and significant flexibility for an incoming operator. The layout is ideally suited to functions, private hire, private dining and group bookings, whilst allowing these occasions to operate alongside the core pub trade.
Ye Olde Griffin is a highly versatile, multi-revenue-stream hospitality business with significant opportunity to further develop its position as a leading destination pub in March.
Private Accommodation
The private accommodation comprises of three bedrooms, kitchen, lounge and 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
Ye Olde Griffin would suit an experienced, commercially minded hospitality operator who can maximise multiple revenue streams across food, drink, accommodation, sport, entertainment and events. The successful operator will be capable of running a substantial town-centre business, including 11 letting bedrooms, while driving sales through strong customer experiences and local engagement.
They should have a strong background in food and beverage operations, a passion for events and functions, and the ability to grow private hire, private dining, celebrations and sporting occasions. Strong local sales and marketing skills will be key, along with the ability to build relationships with businesses, community groups and sports organisations.
A hands-on leader with strong commercial awareness, team-building skills and a focus on customer experience will be well placed to build on the pub's heritage and reputation. The ideal operator will recognise the opportunity to develop Ye Olde Griffin as a leading destination venue for food, drink, accommodation, sport, entertainment and events within March.
Key financials
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Reference Number:
FH4FW1 / 500681
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£39,545.00
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Annual Rent:
£155,000.00
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: | £2,031,331 pa |
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| Forecast Wet Turnover: | £902,162 |
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| Forecast Dry Turnover: | £912,779 |
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| Forecast Other Turnover: | £216,390 |
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| Guide Rent Annual: | £155,000 |
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| Turnover Rent Annual: | £50,112 |
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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). | 2 % |
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Financial Details
| Full Deposit: | £38,750 |
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| Agreement Fee: | £795 |
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| Repair Fund: | £77 pw |
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| Fixtures / Fittings: | £433 pw |
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