The Comet Hotel is a large brick-built detached traditional community public house located in a suburb of Scunthorpe surrounded by housing, close to local shops. The trading area comprises a large lounge area with a conservatory extension for 50 covers and is traditionally decorated with a separate snug area which is used to showcase the Comet's entertainment schedule. The lounge area leads to a separate games room that has a pool table, darts board and TVs showing the latest football matches and sporting events, a popular space amongst the local community. The pub boasts a medium-sized trade kitchen and a good quality food offering throughout the week would drive trade. Located on the first floor is a function space suitable for a wide variety of events which offers an extra source of revenue. The external area has been developed to attract trade throughout the year with gardens that provide an outside drinking area and play area for children. The private accommodation is located on the first floor and comprises of bedrooms, a lounge, a kitchen and a bathroom.
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Full Deposit: £1,300.00
Full Tie Release: £0.00
Guide Rent: £5,200.00
Initial Deposit: £0.00
Repair Fund: £0.00
Agreement Fee: £775.00
Cash Float: £500.00
Fixtures & Fittings: £0.00
Forecast Turnover: £283,956.00
Working Capital: £10,000.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £2,600.00
Forecast Other Turnover: £12,000.00
Forecast Wet Turnover: £281,356.53
Stock & Glassware: £3,000.00
The Comet has been trading as a Beacon Managed Tenancy for over five years and has successfully built a loyal following in the local community. The introduction of a homecooked menu offering can potentially develop sales further. Having a good level of participation in community activity and entertainment is essential. Publicans should be the centre of the community and need to keep abreast of events in the local area.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
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