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Black & Grey

Morpeth, NE61 1BU

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The Black and Grey is an attractive pub occupying a corner plot on the periphery of the famous Northumberland Market Town of Morpeth. The pub is in a prominent position with traffic entering and leaving the town in pursuit of the main A1 road to and from Newcastle and Edinburgh. The outlet is only a short stroll into the main centre which has a vast selection of shops both independent and branded as well as all local amenities. A huge benefit is the nearby locality of high numbers of private housing with most being of an affluent demographic.

Pub Layout

The pub is very well presented with an inspiring aesthetically pleasing decor that creates stimulating interest and a real independent venue experience. The pub is based on an L Shape design with the main bar and servery being the central feature. Mismatched furniture creates circa 40-50 covers throughout the trading area. The pub is adorned with a range of interesting bric-a-brac and well-designed chalkboards. Overall, the presentation is one of a lovely unique boutique pub restaurant. The main trading area is setup in a very traditional format in a one room operation however to the rear is a cute function space facility perfect for events and parties smaller in numbers. The commercial kitchen is located on the first floor and this also doubles up as the domestic facility. To the rear of the pub is a unique beer garden, accurately named “The Yard” which is a hard landscaped courtyard, complete with picnic benches and fairy lights which is well supported in warmer temperatures.

The pub is run very much as a premium outlet with a strong cask and world beer offering coupled with a strong catering offer quirky in nature. The food offer drives the overall turnover of the pub with customers excited by the ever-changing nature of the menu content to keep everyone guessing. The menu is responsible for approximately 70% of the sales. However, the drinks sales are driven by the pub being a popular circuit site at weekends with regular solo artists performing on Friday and Saturday evenings. The operation opens for breakfasts at weekends, coffee and cake mid-mornings and their famous “Tipsy Teas” on selected afternoons.

Private Accommodation

The private flat consists of two bedrooms, bathroom, office and living room and is all in very good condition.

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie:        All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Owing to the food led nature of the business it would be a perfect fit for an experienced chef looking to develop their own pub restaurant business without the overheads and expense of purchasing their own venue. The location lends itself perfectly to attract consumers willing to pay that bit extra for a first-class pub experience.  The opportunity to impose one’s own stamp on the retail offer is a standout feature as is the opportunity to be your own boss. The key here is having real vision, desire and the ability to succeed in the modern pub world. The Black and Grey is no ordinary establishment and requires genuine talent to take forward.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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