Run an Admiral Pub, Greyhound Inn, Lydney
Pub Layout: Access to the Greyhound is both via the front door from the road and to the rear via the spacious beer garden. On entering the Greyhound, you will notice that there are two distinct trade areas which are interlinked and are both serviced by the good sized central bar. The smaller side of the trade area is currently used as a pool table and darts zone at present, however, this could be further utilized as a small function room. The main bar area in an L shape, has an open fire, lots of TV’s and a mixture of seating.
Trading Style: The Greyhound is a drinks focused, local community pub, that has it’s main clientele from the houses and town around the area. The pub was always the hub of the town with sports teams and televised sport entertainment as well as local live music and karaoke nights. With the spacious beer garden and ample internal room, the Greyhound utilises the space well to provide zoned areas to facilitate diverse groups within the building.
Accommodation: The private accommodation consists of three bedrooms, lounge/office and a bathroom with separate toilet.
Financial:
1. Annual Rent: £19,500 (Initial startup rent of £300 p/w (net) available)
2. Security Deposit: £5,000
3. Working Capital: £2,500
4. Stock: £2,500
5. Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee.
Fixtures and Fittings: To be confirmed upon valuation–funding options may be 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.
BDM Vision: I am looking for a passionate and driven individual or couple who have excellent retail standards. Ideally, the best person for this pub would be someone from the local area who can reconnect the pub back with the local community. They will need an active rhythm of the week and a strong marketing plan with good social media presence to ensure the business is being driven forward.
The new licensee could also look to introduce a back bar food offer and encourage more families from the community as well as introduce innovative drinks offers to put the pub at heart of the local town again.
Future Plans: Music and sports have always been a key element in driving the business at this site and someone who can maximise on this would aid the pub in reaching its full potential.
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