George & Dragon
19 High Street, Graveley, Hitchin, Hertfordshire, SG4 7LE
A rare opportunity to take over an already established and hugely successful premium business! Social Media reviews speak for themselves, and highlight how good this business already is. Are you the person to keep it there and build upon it?
Mature business with a good reputation and a strong regular following for its excellent, predominantly homemade, food. A large attractive building, traditional in style, in a large catchment area close to Stevenage, Hitchin and Baldock. Situated on the busy B197 the George & Dragon benefits from having the popular Chesfield Downs golf and leisure complex only 1 mile away. There is consistent trade (both business and regulars) throughout the week and of course all seasonal and calendar date opportunities attract custom.
1 large lounge bar and an 80 cover dining room/restaurant with toilets, large well equipped trade kitchen with wash-up area, basement cellar and outside storeroom. The trade accommodation is in good condition. It has a very light and airy feel to this attractive trading area. External: attractive frontage with 1 decked patio, 1 low level patio and a large car park of approximately 50 spaces.
|Car park spaces||25|
3 double bedrooms, lounge, kitchen, bathroom and office. The private accommodation is spacious and attractive in layout, and you will no doubt wish to make it your own with some changes to decoration and fittings.
|Annual rent||£58,000 per annum|
|Weekly rent||£1,115.38 per week fixed|
£58,000 per annum, £1,115.40 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £25,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note the F+F cost is shown as a 25 % deposit of the estimated value*
|Fixtures & fittings||£7,000||Working capital||£10,000|
|Other costs||£1,150||Total entry cost||£25,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The village of Graveley is situated between Stevenage and Letchworth Garden City/Baldock on the B197. The attractive village has the old A1, the Great North Road running through the centre of the village
The pub is situated just off the A1 and close to rural countryside with good links for all travel. Furthermore, its close to many interesting country tourist attractions, stately homes and also a good walkers countryside.