Greyhound, Cromford

The Greyhound is a distinctive historical building in Cromford. Cromford, situated in Derbyshire, is both a village and a civil parish nestled in the scenic valley of the River Derwent, between Wirksworth and Matlock. Positioned 17 miles north of Derby, 2 miles south of Matlock, and 1 mile south of Matlock Bath, it boasts a picturesque location – the train station is a 7 minute walk away and there is a direct bus route to both Sheffield and Chesterfield from outside the pub. With a rich history intertwined with the Arkwright family and local business narratives, the Greyhound is ideally situated for those exploring the Peak District through walks, cycling, and visits to various attractions.

Pub Layout

Upon stepping into the impressive Greyhound, you are welcomed by a spacious open-plan bar and dining area. To the right, an arrangement of individual tables and seating is primarily designed for dining purposes, while to the left, an elevated lounge area offers comfortable seating. Towards the rear, a compact function/private dining area for 20 awaits, perfect for small gatherings, private dining experiences, or meetings. Additionally, you’ll discover a well-equipped catering kitchen, male and female restrooms, and a captivating woodfire pizza oven on display. The Greyhound proudly features eight very well maintained en-suite letting rooms, conveniently accessed through the pub. Externally, a small parking area on the left provides parking options, supplemented by additional off-road parking or public parking to the front. A charming courtyard terrace graces the side, adding to the overall appeal of the establishment.

The Greyhound operates as a multifaceted establishment, encompassing a hotel, bar, and restaurant, renowned for its high-quality, premium culinary offerings. With an impressive selection of cask ales and fine wines and well known for its Sunday lunch, The Greyhound caters to a diverse clientele. While enjoying steady trade from the local customer base, it also attracts visitors, tourists, and  walkers/cyclists seeking a delightful experience from fare and wide.

Private Accommodation

This accommodation consists of one en-suite bedroom for staff and an office.

Letting Rooms

There are 8 well equipped en-suite letting rooms, well decorated.

Annual Rent: £55,000

Security Deposit: £14,000 

Working Capital: £8,000

Stock: £8,000

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.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

This historical pub in beautiful surroundings is a fantastic opportunity and offers a “wow” factor. I am looking for an experienced  licensee/couple with vast knowledge of running food led site and letting rooms experience would be ideal. You will have experience in preparing and delivering a high standard of good quality food. You will be skilful and familiar with all areas of social media and modern marketing techniques. Championing customer service, the right retail offer, high standards and operational excellence will be fundamental to success.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

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.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *