Golden Lion Hotel
19 St Edmund Street, Weymouth, Dorset, DT4 8AR
The Golden Lion is a fantastic opportunity for a skilled and driven pub operator. This public house has the scale and potential for expansion to food and drinks sales with additional incoming derived from the new 13 x en-suite letting rooms
The Golden Lion public house is a solid business with an established food, drinks and gaming machine trade. The trading area has recently been refurbished and 13 x en-suite letting rooms have been introduced to the business August 2018. The business caters for locals, visitors and tourists within this very popular location / destination. There is a large bar servery that is supported by an extensive and well equipped commercial kitchen. The trading space is very large with flexible zoning. A pavement licence in place for some town centre external trading. Regular entertainment is a feature at the Golden Lion along with sports viewing. The overall business has recently been enhance with a major capital investment to introduce 13 x en-suite letting rooms at the house, 1 x single, 4 x doubles and 8 x family rooms
This pub offers a very large trading area which can be zoned to provide options when catering for different occasions and this flexible use of space can be used to maximise income. Gents and disabled toilet facilities are located on the ground floor with the ladies toilets situated on the 1st floor. There is a large bar servery that is supported by an extensive and well equipped commercial kitchen and a basement cellar. There are 13 x new en-suite letting rooms located on floors 1 & 2 of the building that have recently been introduced following major capital investment at the house
|Rooms to let||13|
The private living accommodation has been recently established on the 3rd floor of the building and were formed when the letting rooms were introduced. This new facility includes 2 x double bedrooms, 1 x kitchen / diner / lounge, 1 x family bathroom and 1 x separate WC
|Annual rent||£35,000 per annum plus 10.0% Turnover Royalty|
£35,000 per annum, £673.07 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry Costs approx £31,300.00 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 that the fixtures & fitting cost is shown as 25% of the full value. The cost is estimated and is yet to be valued.*
|Fixtures & fittings||£12,500||Working capital||£5,000|
|Other costs||£6,150||Total entry cost||£31,300|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served at any time.
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 Golden Lion is located in Weymouth town centre within the main shopping area and only a very short walk away from the harbour and the sea / main beach. There are established road and rail links with all local amenities close by