BusinessSales.ltd Logo

Griffin Godshill

Pubs & Bars • High Street, Ventnor, Isle Of Wight PO38 3JD Management opportunity
Listing image

Summary

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.

Description

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. Key Features • Established and well-known iconic pub in a “picture postcard” location • Large garden with the unique “Griffin maze” • Recently invested and in excellent order throughout • Fully fitted trade kitchen • Ready to go as a “turnkey operation” Business & Financial Information • Estimated ingoings (upfront): £20,795 • Full deposit: £20,000 • Agreement fee: £795 • Guide rent (weekly): £1,538 • Guide rent (annual): £80,000 • Forecast turnover (weekly): £945,164 • Forecast turnover (annual): £945,163 Ideal Operator We are seeking an experienced entrepreneurial operator who has the vision to develop this iconic site with all its features and maximise its potential and appeal to both the local residential and visitor markets. You will be a successful and proven operator with a history of developing destination sites, food, drink and entertainment offers that meet and make the most of the local market opportunity. Private Accommodation The private accommodation can be accessed externally and comprises 2 bedrooms, lounge/dining room, kitchen and family bathroom. Regional Manager's Thoughts 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. Surrounding Area Godshill is the picture postcard must-see tourist destination village in the southeast of the Isle Of Wight. It lies between Newport and Ventnor and public transport is provided by the Southern Vectis bus routes 2 and 3 with a stop right outside the pub. Opposite there is also a vast public car park for the thousands of tourists that flock to visit the quaint olde English tearooms, thatched cottages and Godshill’s famous All Saints Church nestle up on the hill.

Upfront cost

£20,795
Cost type: Upfront

Key facts

Upfront cost
£20,795
Turnover (annual)
£945,163
Rent
£80,000 (annual)

Location

High Street, Ventnor, Isle Of Wight PO38 3JD
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

Enquire

Message the seller. We’ll forward your details so they can reply directly.
By sending, you agree we may forward your message and contact details to the seller for this listing only.