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The Falcon is a large detached property which enjoys a prominent position on the densely populated Longhill estate. The pub is just a 10 minute walk to the KCOM Craven Park stadium which is home to Hull Kingston Rovers.
The outlet is a, traditionally decorated, two-room operation and each room is serviced by a separate bar. Entrance is into a foyer which leads to the games area/function room to the rear and to the lounge area which is situated at the front of the pub. The commercial kitchen is accessible via the bar servery in the lounge. There is a large car park to the rear of the pub and a beer garden with benches at the front.
This is a community pub with a loyal customer base made up of all ages and genders. Currently, sales are all drinks based but there is potential to introduce a value for money food offer which would further increase profits. The new licensees will need to grow the income streams by introducing a ‘rhythm of the week’ with regular entertainment, quizzes, sports-teams and other activities that are popular within the local community.
The domestic accommodation is of a good size and provides ample family accommodation. This consists of three bedrooms, lounge, kitchen, toilet and domestic bathroom.
Annual Rent: £14,000
Security Deposit: £5,000
Working Capital: £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.
There is opportunity to unlock growth on match days and introduce a food offer. We are looking to recruit an experienced licensee who knows the local area and is keen to maximise the potential this community pub offers.
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.