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YOUR INVESTMENT

£11,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsKitchenSports TeamsBeer Garden
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Greengate

Rochdale, OL12 9PU

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OR CALL 01244 321 171 FOR MORE DETAILS

The Greengate is a beautiful traditional stone-built pub oozing charm and character located on the main Halifax Road just two miles outside of Rochdale and half a mile from Littleborough. The pub benefits from being surrounded by plenty of detached and semi-detached houses and is well positioned to take advantage of these relatively affluent home-owners. The Greengate is also situated on the main bus route into Halifax and Littleborough. The bus stop is just outside the pub and therefore provides an opportunity to provide after-work drinks for commuters in the area.

Pub Layout

The main entrance into leads you to a large open plan room with a lounge area on the right hand side separated in to two seating areas with a mixture of booth seats and chairs. Furnished with a log burner, carpeted flooring and televisions this creates a relaxed drinking area. To the left you will find a well-presented wood panelled bar stocked with standard and premium lagers, ciders and ales, as well as a good selection of wines, and spirits. Behind the bar there is a separated games room featuring a pool table and darts board, which could also serve as a separate room for small functions or gatherings. To the back of the pub, and leading to the beer garden, you will find an additional seating area furnished with poser tables and high bar stools, ideal for customers wanting to catch up with friends. The beer garden runs the length of the back of the pub and features a mixture of patio and grassed areas with picnic benches dotted around with enough seating for around 40 customers. It is fully enclosed and a real sun trap!

The Greengate is a traditional warm and welcoming community pub with aesthetically pleasing features throughout and a well-stocked bar catering for all of its customers. Trade is primarily derived from the sales of drinks with a variety of beers, ciders, spirits and soft drinks, supported with a small food offer that could easily be built upon. There is a small galley kitchen up to a tradable standard, but this could be expanded if a wider food offer was implemented. The pub currently shows live football and other sports on a number of televisions throughout as well as hosting the local dart, pool and dominoes teams. There is a significant opportunity to tap into the local relatively affluent customer base by providing an improved range of premium wines and spirits as well as a wider selection of premium beers, ciders and cask ales as well as providing tasty meals for local families, couples and friends.

Private Accommodation

The private accommodation is accessed through the pub via a private entrance, hosting a good-sized lounge, kitchen, four bedrooms and a bathroom. The living quarters is in a good state of repair and would easily accommodate a licensee on their own, a couple or a family.

Annual Rent: £14,500

Security Deposit: £5,000

Working Capital: £3,000

Stock: £3,000

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.

The Greengate should be a popular local offering great quality drinks, pub sports and a welcoming, friendly atmosphere. The new licensee will need to be creative and passionate, as well as a friendly face behind the bar who will provide a warm welcome to new and existing customers. Behind the right person, a significant investment would be made to reposition the pub in the marketplace to bring in new faces, families and local trade, by offering a quality selection of drinks in a well-presented pub. There is huge scope to make more of the beer garden which is a real asset to the pub.

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.

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