Are you looking for managed partnership pubs in the Malton area ? Why not run ‘The Grapes Inn’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Grapes Inn is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Managed Partnership Pubs In Malton – Run The Grapes Inn
Overview
The Grapes is a charming rural outlet which serves a number of local villages and hamlets in North Yorkshire. Situated between Malton and Pickering (approx. 6 miles from each); Great Habton, Rydale is a beautiful village and The Grapes sits centrally within the village. This is a true traditional North Yorkshire pub steeped in character and is very much a food led business.
This is food operation site so we are looking for an operator(s) with food experience and it would be very beneficial to understand a rural pub business.
The Opportunity
You can have the best of both worlds with our new and exciting Pillar Agreement. Support is key for this turnover-share agreement which shares the risk and the opportunities between both parties, creating a partnership and focus to give your guests a first-class experience. We share the net sales and some of the cost base – building a deal that gives both parties a solid base to build and grow a profitable business.
• The option to leave your old life behind and be your own boss
• Live rent-free in the pub
• Marston’s will pay your utilities for you – lighting, heating and water
• Between us we will agree the wet product range to support your food offer.
• You retain an agreed percentage of all income streams (net of VAT) and have full control over your food offer and accommodation (where applicable)
• Low ingoing costs
• Marston’s will take responsibility for all repairs and decoration both internal and external, (except the private residential accommodation).
• No service charge applies to this agreement
• Have your Broadband, cutting-edge EPOS system and online booking tools (where appropriate) supplied by Marston’s
• Fixtures and fittings would be owned by Marston’s
• Keep 50% of the profits from any gaming machines
• Offer the award-winning range of fantastic Marston’s beers, wines, spirits and minerals
• Have your drinks stock supplied and paid for by Marston’s
• Expert induction training plus on-going training and support from your dedicated Business Development Manager and support teams
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Things to consider
You’ll need to put in a £5k deposit, plus legal fees and monies to cover your insuring obligations under the agreement (except building insurance, which we’ll pay for and recharge to you). Also, you’ll want to start thinking about your team; taking care of paying them and all other employment matters. We’re on-hand to offer guidance as you plan your business overheads, like business rates (and your own residential Council Tax).
Before we all sign the agreement and see you heading into a whole new life, you will need to show us proof that you have taken independent financial advice from a suitably qualified accountant on your business plan and professional advice from a solicitor, in accordance with the requirements of the Pubs Code Regulations. And, of course, obtain your personal licence (which we’ll help with) and complete your induction training.
This is a five-year commitment, so you have plenty of time to build a successful business. However, if you do want to leave early, there is a break option in the agreement which entitles you to give six months’ notice to terminate.
Financial Info
Estimated weekly sales:
£6,500
Sales Mix:
60/40 to Food
Retailer % Wet Sales:
30%
Retail % Food Sales:
80%
Retailer % Rooms Sales:
NA
Security deposit:
£5,000
Legal fees:
£360
Working capital:
£5,000
Total ingoing costs:
£10,360
Private Accommodation
Private Kitchen
Yes
No of Double bedrooms:
1
No of Single bedrooms:
2
No of Reception rooms:
1
No of Private bathrooms:
1
Office
Yes
