Grey Horse Houghton Le Spring
Summary
Major refurbishment to food-led community pub. The Grey Horse offers a great opportunity for someone who wants to take on a well-backed, newly refurbished community pub with a strong food offer and clear potential to attract both locals and visitors.
Description
Major refurbishment to food-led community pub.
The Grey Horse offers a great opportunity for someone who wants to take on a well-backed, newly refurbished community pub with a strong food offer and clear potential to attract both locals and visitors.
What would you do with this pub to make it even more of a success?
The area
The pub is located in Houghton le Spring near Penshaw and benefits from being close to well-known local landmarks including Penshaw Monument, Herrington Country Park and Hetton Lyons Park. The area is seeing an increasing number of new homes being built, supporting future growth in local demand.
The pub benefits from being one of a number of pubs serving an area with 1,297 adults within a 10-minute walk and 5,396 adults within a 20-minute walk. The customer base is made up primarily of adults aged 35+, with lower affluence over-indexing in the area.
The offer
The Grey Horse is available on our investment tenancy agreement.
A full internal refurbishment is planned, including all rooms and toilets, alongside the redevelopment of the catering kitchen. Externally, new signage and redecoration of the front and left elevations will help improve kerb appeal and visibility. This investment is designed to help attract and retain both local residents and visitors, supporting a strong rhythm of the week with a credible food offer.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Grey Horse will have extensive experience in hospitality businesses. They will have a clear vision for their food offer, drinks range and weekly rhythm, and be confident in recruiting and retaining food teams to deliver a consistent and memorable customer experience.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter.
Upfront cost
£41,766
Cost type:
Upfront
Key facts
Upfront cost
£41,766
Turnover (annual)
£498,520
Rent
£32,500 (annual)
Location
DH4 7ER
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.