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Pub Tenancy Available - Bear Hotel - Bristol

Bristol, England

  • Price: Price on application
  • Annual Turnover: £232,977
Seller Reference: PT23
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: PT23
Request Details
Business Description
COULD YOU RUN THIS PUB IN BRISTOL?

The Bear Hotel is an iconic Bristol pub that oozes history and tradition. It is something of a hidden gem that’s well loved by its locals with a compact and convivial main bar that has a similar look and feel to a London pub. It’s famed over the years for excellent cask marque accredited ales, delicious food and has a great reputation for live entertainment, with the pubs backroom being home to the Be-Bop Jazz Club. The pub is also hugely popular for its showing of live sport, in particular the Rugby.

From the outside the Bear Hotel has a traditional roadside presence which is complimented by its cosy and charming interior. The trading area consists of the main drinking area with a large bar that serves the whole pub. It also boasts a back room, which operates as a dining room, a function room and stages the live entertainment. At the front of the pub is external seating and to the rear is one of Bristol’s best kept secrets, a beautiful courtyard garden that is a real sun trap.

FACILITIES

This fantastic pub opportunity comes with spacious two storey domestic accommodation that consists of three bedrooms, a private kitchen and lounge.

ABOUT THE LOCAL AREA

The Bear Hotel is located in the heart of the Hotwells suburb of Bristol, which is just down the hill from Clifton on the banks of the Floating Harbour. Overlooking the SS Great Britain and just around the corner from the Avon Gorge and Clifton Suspension Bridge there are many local attractions that draw footfall into the pub. It’s just a mile from the city centre and is a stones throw from a selection of independent shops, boutiques, cafes and restaurants.

IDEAL OPERATOR

This is a great opportunity to run an iconic Bristol pub. It will be perfect for a Publican who thrives when operating in a busy and varied environment. You will be keen to form local relationships and provide an offer for the many locals at the pun while also attracting new customers with a strong entertainment offer and a great range of products for guests to enjoy.

AGREEMENT

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Operations Manager, plus access to training and development, business planning, operations and accounting expertise. Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice. Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Operations Manager

FINANCIAL INFORMATION

• Initial Deposit* - £6,000
• Full Deposit - £6,744
• Rent - £518 PW
• Initial Ingoing’s* - £6,750
• Legal Fees - £750
• Maintenance Fund Per Week - £40
• Fixtures ad Fittings Weekly Rent - £41
• Working Capital - £2,000 - £4,000

BUSINESS INFORMATION

• Annual Rent - £26,967
• Forecasted Annual Wet Turnover - £232,977
• Forecasted Annual Food Turnover - £18,197
• Forecasted Annual Other Turnover - £2,080
• Weighted Average Discount Per Barrel - £75
• Agreement – 5 Year Tenancy

PLEASE FILL IN THE ENQUIRY FORM BELOW FOR MORE INFORMATION
Location Details:
Bear Hotel, Bristol, BS8 4SF
Listed by:
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Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

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