The Grey Horse Inn
Low Street, North Collingham, Nottinghamshire, NG23 7NL
Profit Potential: £30,918 P/A
3 Year Standard Tenancy
- Value for money food offer
- Potential for growth on drink and food sales
- Large car park
The Grey Horse is a typical local village pub offering pub games such as skittles and darts. The pub has a good reputation for its food and has recently undergone a refurbishment.
The Grey Horse represents an excellent opportunity for someone who is hands-on and has the experience to develop the current offer in order to make the most of this great business opportunity.
The Opportunity
The Grey Horse offers a great layout to maximise the food and drinks side of the business. The pub has separate bar and lounge areas offering a good mixture of traditional pub dining, as well as a strong following for pub sports teams. It also benefits from a versatile and recently refurbished skittle alley which features a private bar and is an ideal place to enjoy pub darts and watch live sports.
The Grey Horse is situated prominently within the village and attracts a good mixture of local and passing trade but still offers great scope to develop the current food offer and there is potential to establish it as a destination pub.
For more information or to register your details with our Recruitment Team call 0800 056 4111 or speak direct to the Business Development Manager for this pub, Matt Crehan, on 0788 411 3522.
Download the details for this opportunity » (PDF, 2122.1 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £30,918 net profit from this site per year.
Turnover
FMT stands for Fair Maintainable Trade - please click here for a full definition of this term,
Drinks
| FMT | £240,377 |
|---|---|
| Estimated Current (net) | £185,900 |
Food
| FMT | £52,000 |
|---|---|
| Estimated Current (net) | £45,180 |
Machines
| FMT | £2,780 |
|---|---|
| Estimated Current (net) | £2,780 |
Level of Investment
This is a one-off payment made at the start of the tenancy agreement.
All figures are estimates and exclude VAT.
| Fixtures & Fittings | £20,000 |
|---|---|
| Stock & Glassware | £2,000 |
| Working Capital | £3,000 |
| Trading Deposit | £5,000 |
| Valuer & Stocktaking | £1,200 |
| Total | £31,200 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £20,250 |
|---|
Rent
The rent has been calculated using the FMT turnover that we could anticipate from the site. All Everards rents are linked to RPI so may increase or decrease in future years.
| Rent required for this site | £23,000 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
The public areas comprise of:
- Bar
- Lounge
- Skittle Alley
- Garden
- Car Park
Other Areas:
- Kitchen
- Outbuildings
The private areas comprise of:
- Three Bedrooms
- Sitting Room
- Kitchen
- Bathroom
- Private Garden
- Garage
Location
The Grey Horse is a traditional pub situated in North Collingham. This village is 6 miles North East of Newark on Trent which is a main station link for the high speed train to London. Collingham is situated close to the
River Trent which is very popular with anglers and is accessed from the main A46.
* This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Grey Horse Inn and is based on certain assumptions and information provided by our licensees (to be disclosed on request). FMT is the level of turnover we would expect the pub to achieve within its market and this is assessed in line with good industry practice and relevant accountancy standards.
Wherever possible we have also included the pub's current trading information as at 16th August 2010 in addition to FMT. This is taken from our sales information (barrelage) and information from the licensees such as their trading information and cost base.
We would expect you to use the FMT information to help form the financial element of your business plan. These figures above are an estimate based on FMT and you may think that you can exceed or conversely not achieve these. As this stage we would strongly recommend that you take independent financial advice to help you form a budgeted profit and loss statement.
This information is not intended to amount to advice, a statement of fact, a guarantee, a representation, a condition or a warranty on which reliance should be placed but is our opinion only. We therefore, to the extent permitted by law, disclaim all liability and responsibility arising from any reliance placed on such information by you or anyone informed of its contents.
You are advised to carry out your own financial investigations and inspections into the pub to satisfy yourself as to the correctness of the above information, whether or not you can achieve these figures and as to the trading potential of this pub. You will be given a shadow profit and loss account and other details of the pub when you make a formal enquiry – this will be given within our Code of Practice which also contains other details about Everards.
Historic information is not an indicator of future performance of a pub and you should bear this in mind in your assessment.
[This information does not constitute any part of an offer or a contract and any acquisition of a pub by you is subject to our terms and conditions of agreement].