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Hare & Hounds, Grange Over Sands

Grange-over-Sands, LA11 6NN

Your investment

£25,000

Agreement Type

Freehold
Tenancy

The Hare & Hounds is an absolute gem of a pub, located in the popular town of Grange-over-Sands which is civil parish located on the north side of Morecambe Bay in Cumbria. Grange is a pretty and popular resort with an Edwardian flavour and a mild climate. It is on the shores of Morecambe Bay, and from the 13th Century until the 1850’s, the major route from Lancaster was across the sands.

The Hare & Hounds is an absolute gem of a pub, located in the popular town of Grange-over-Sands which is civil parish located on the north side of Morecambe Bay in Cumbria. Grange is a pretty and popular resort with an Edwardian flavour and a mild climate. It is on the shores of Morecambe Bay, and from the 13th Century until the 1850’s, the major route from Lancaster was across the sands. In 1887, the coming of the Furness Railway encouraged the growth of Grange from a small hamlet to the town we see today. Travelling by road, Grange Over Sands is ideally located 13.1 miles to the south of Kendal, 25 miles to the east of Barrow-in-Furness and 28.1 miles to the west of Lancaster.

Pub Layout

On entering this charming pub, to the left you are welcomed with a comfy snug with cosy fixtures and fittings, complete with an open fire place which is exceptionally popular on the cooler days and this area is serviced by the delightful bar slightly to the right. To the right of the pub you will find the dining areas which are split into four sections which could easily accommodate a large number of diners at a time. Directly in front of you when entering the pub is access to the wonderful letting rooms located on the first floor. Outside the pub, the beer garden embraces the building in a horseshoe manner, with picnic benches to the front and side and a dramatic garden to the rear with phenomenal and uninterrupted views of the surrounding countryside.

The Hare & Hounds is the definition of a Country Inn, with it’s exceptional location, beautiful letting rooms, traditional drinking area and fantastic food offer. The trade here is currently a 70/30 split towards the food side of the business, so someone with cheffing experience would be ideal. There is also a huge opportunity here to increase the income and popularity of the letting rooms, as these have recently been modified and not advertised to their fullest potential. The pub is extremely popular, not just with locals who support it all year round, but also with hikers and holiday makers in the warmer months.

Private Accommodation

There is no private accommodation at this pub.

Trade Accommodation

Located on the first floor of the pub and accessed through the main entrance are the beautiful letting rooms. There are five double rooms in total, all with en suite bathrooms. These rooms have been made up to a great standard.

Annual Rent – £45,000

Security Deposit: £10,000

Working Capital: £10,000

Stock: £5,000

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.

I am looking for an experienced operator with experience and knowledge of running a successful pub, having high standard letting rooms along with a great food offer. This individual or couple must be willing to embed themselves within the community and support locals, as well as championing marketing and social media to attract tourists. This is a rare opportunity for someone to take on a pub with this level of untouched revenue and must be able to produce a flawless business plan to unlock the potential of this gem. A higher level of funding will be required, given the amount of income streams the Hare & Hounds has to offer. There is also a free of tie option available.

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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