69-70 Allhallowgate, Ripon, North Yorkshire, HG4 1LE
This pub is a true gem, situated in the lovely market town of Ripon, North Yorkshire. It has been well looked after by the previous tenant and has only recently become available after 11 years.
The Golden Lion is a traditional site which is full of character and a loved local pub both by the community and visitors alike.
It has a good regular trade including darts teams and local clubs such as Amateur Dramatics groups, whilst providing all it’s customers with freshly home made food and a great drinks selection including our cask ales.
The pub is made up of three different zones including the bar area, snug and also a dining area. The dining area has a warm feel to it decorated with themed paintings and has different sized tables for those wanting to come with their partner or for a family lunch. The snug area is located at the front of the building with large wall fitted sofas perfect for the locals or large groups coming to have a drink. There is also an added benefit of a large function room to the rear which has huge potential to drive sales and maximise the use of the site.
The pub is situated on a one way system into Ripon so has regular passing trade and the added benefit that it is the closest pub to the bus station. Historically the pub had a lot of tourists visiting as the bus station also included stops for holiday coaches so those passing through would enjoy a lunch at the Golden Lion. We would be looking for an operator to develop the food offer here to include deals to bring those passing tourists back and maximise sales.
This pub is full of character and is kept in good order. The site is made up of three main areas, a bar area, snug area and also dining area. The pub also benefits from a large function room which could be used more and has large potential.
The private accommodation is in a reasonable state of repair however is large and consists of 5 bedrooms, one lounge, a kitchen, two bathrooms and an office. It would be ideal for a family.
|Annual rent||£30,000 per annum|
|Weekly rent||£576.92 per week fixed|
£30,000 per annum, £576.90 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £21,530 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 F&F is shown as 25% deposited of the full estimated cost at £19,525 and subject to valuation in the coming weeks.
|Fixtures & fittings||£4,880||Working capital||£4,000|
|Other costs||£5,000||Total entry cost||£21,530|
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)|
This unspoilt cathedral city is a North Yorkshire gem, balancing a rich cultural heritage with exciting contemporary living. With its imposing cathedral, fascinating museums and a bustling market square.
The pub is situated on a one way system into Ripon centre with close competitors nearby, one being the So Bar & Eats.