The Griffin is an iconic pub at the heart of Godshill village on the Isle Of Wight, popular with locals and the thousands of visitors to the “picture postcard” village for lunch and diner throughout the year.
Ready to operate, it is in impeccable condition throughout having recently been refurbished. Throughout the pub you will find multiple seating options for dining and socialising with a mix of comfy chairs, banquet sofas and booths, window seats, cosy corners and open fireplace the multiple bar areas comfortably host 100+covers all catered for from the fully fitted trade kitchen.
To the rear the extensive first-class beer garden has seating for circa 200covers and has is home to the famous “Griffin maze”, in addition there is a covered decking area and children’s play area. To the front and side is a car park for 12 vehicles and just opposite is the vast public car park.
One of just two pubs in Godshill, The Griffin is ideally suited to its neighbourhood and attracts all ages from 18 to 80, apart from dining occasions pub activity is focused on live music during the summer months and a popular weekly Tuesday quiz.
The private accommodation can be accessed externally and comprises 2 bedrooms, lounge/dining room, kitchen and family bathroom.
Fixtures & Fittings: £50,000.00
Working Capital: £62,000.00
Stock & Glassware: £5,000.00
Cash Float: £1,000.00
Turnover Rent: £32,198.68
Turnover Rent %: £3.50
Forecast Wet Turnover: £347,160.06
Forecast Dry Turnover: £566,859.58
Forecast Other Turnover: £0.00
Forecast Turnover: £914,019.63
Year 1 Rent: £0.00
Guide Rent: £80,000.00
Initial Deposit: £0.00
Full Deposit: £20,000.00
Full Tie Release: £58,750.00
Agreement Fee: £775.00
Repair Fund: £3,000.00
The Griffin enjoys regular custom from the locals although this is significantly boosted throughout the year with visiting tourists as an already established and a well-known iconic pub and is a fantastic opportunity for an operator who is ready to drive a quality family friendly food offering and to maximise the seasonal trade opportunity by utilising the garden to its full potential. Combine this with localised events and community outreach and you have an even more famous landmark in the making.
Ready to go as a “turnkey operation” this is the first time The Griffin has been available to the Tenancy Market in recent years, such an opportunity very rarely comes up. Due to the high level of interest expected, I strongly recommend that you contact us promptly to avoid any disappointment.
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