Marquis of Lorne
132 High Street, Stevenage, Hertfordshire, SG1 3DB
The Marquis of Lorne is a very busy wet led, sports pub which is located on the high street in the old town of Stevenage in Hertfordshire.
The pub is a fantastic opportunity for a strong operator to drive a thriving wet led business forward. This traditional, community pub has just had fantastic year and has been going from strength to strength. The pub is split into two main areas. On the right there is a lounge area with a cosy fireplace and on the left is an area where sport is shown. The pub also benefits from a large function room upstairs which also includes its own private bar, perfect for private functions. We are looking for some one with passion and talent to continue the growth that this site has achieved over the past 3 years. *Please note that the entry cost shown is only including a 25% deposit of the total value of the F&F.
The pub is split into two drinking areas. A lounge area with fixed seating and a fire place on your right and also a traditional bar to the left where the sport is shown. There is one central bar, along with a large function room upstairs that also benefits from a fully fitted bar, making it perfect for private functions. There is a fully functioning trade kitchen on site also.
3 bedroom flat, separate living area and kitchen along with a bathroom and a toilet. There is also a separate managers studio.
|Annual rent||£67,000 per annum|
|Weekly rent||£1,288.46 per week fixed|
£67,000 per annum, £1,288.46 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 £31,550 which includes fixtures and fittings (25% deposit of total value shown), 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).
|Fixtures & fittings||£5,000||Working capital||£5,000|
|Other costs||£3,150||Total entry cost||£31,550|
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)|
Stevenage is a town and borough in Hertfordshire, England. Roughly 32.9 miles north of central London, Stevenage is situated to the east of junctions 7 and 8 of the A1, and is between Letchworth Garden City to the north, and Welwyn Garden City to the south. The pub is situated on the end of the high street in Stevenage which sees a lot of passing trade and is well supported by regulars.