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 increase all income streams with additional opportunity for capital expenditure to introduce functions and letting rooms.
This public house is a solid business with an established food and drinks trade. The existing business was refurbished circa 2 years ago and caters for locals and tourists within this very popular location. There is a large bar servery that is supported by an extensive and well equipped commercial kitchen. The trading space is very large and flexible with a pavement licence in place for some town centre external trading. Regular entertainment is a feature at the Golden Lion along with sports viewing.
This pub offers a very large trading area which can be zoned to provide options when catering for different occasions: this can be used to increase flexibility of the space 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. There are two function rooms on the 1st floor that are not currently used, and numerous spaces on this floor and the 2nd & 3rd floors to potentially implement letting accommodation. The entire trading area is in good order and finished to a high specification.
The private living accommodation is in good order and is located on the 1st floor and consists of 1 x large lounge, 3 x double bedrooms, 2 x bathrooms, a utility room and domestic kitchen diner.
|Annual rent||£25,000 per annum plus 8% Turnover Royalty|
£25,000 per annum, £480.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. *Machine Income free of tie*
Entry Costs approx £43,800 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 that the fixtures & fitting cost has been estimated and is yet to be valued.
|Fixtures & fittings||£25,000||Working capital||£5,000|
|Other costs||£6,150||Total entry cost||£43,800|
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 and only a very short walk away from the harbour and the sea. There are established road and rail links with all local amenities close by