Old Lion

Pailton Road, Harborough Magna, Rugby, Warwickshire, CV23 0HQ

Gallery

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Pub overview

A brilliant opportunity to run your own rural food led pub.

The Old Lion is a lovely village pub which historically has a good reputation as a welcoming pub with a good food offer. The pub is finished to a high standard and is ready for a new enthusiastic operator to build the business further. The pub is currently trading very well on both food and drinks and there is an opportunity to grow more with the right operator.

There are two main distinct trading areas, as you enter there is the main bar and servery which has a mix of fixed seating and table and chairs (seating for approx. 20 covers) and a large feature fireplace to one end of the room. At the other end there is the walkway into a larger area that is the main restaurant and dining area. There are another 50 or so covers in this side and the pub also boasts a large fully equipped commerical kitchen with all the appliances needed for this food operation. Externally there is a patio to the front and car parking for 24 vehicles in marked bays.

Trade space
Bars 1
Car park spaces 24
Dining rooms 1
Food covers 70
Function rooms 1
Gardens 1
Trade kitchens 1
Patio areas 1

The private accommodation is arranged on the 1st floor and comprises of a landing, dining kitchen, living room, 3 bedrooms (2 double and 1 single) and a separate bathroom. There is private parking to the rear of the business.

Private space
Private Rooms 8
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1

Rent information

Annual rent £29,600 per annum
Weekly rent £569.23 per week fixed
Notes

£29,600 per annum, £569.23 per week fixed and subject to annual RPI increase which is capped. Paid weekly by direct debit.
Machine income free of tie.

Approx £18,150 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *Fixtures & Fittings are still to be valued.*

Brokers £675 Legal £825
Deposit £7,500 Stocktaking fees £150
Fixtures & fittings £0 Working capital £5,000
Other costs £4,000 Total entry cost £18,150

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 118 32 5,379
2015/16 106 5,354
2014/15 51 624
Volume notes Please note this site is free of tie for wine, spirits & minerals.

Location

The Old Lion sits unopposed as the only pub in the attractive Warwickshire village of Harborough Magna, which itself is located approximately 5 miles North West of Rugby. The M6 motorway lies approximately 1 mile North of the village and the Oxfordshire canal 1 mile to the South.

Facilities

Trade bar
Car park
Dining area
Function room
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Sunday 10:00hrs - 00:00hrs

Contact Us

Nigel Aaron

Business Development Manager

Call us today 01284 714 497

Apply online
“ The Old Lion needs an experienced operator with the vision and skillset to run this food led business. After a substantial internal refurbishment the pub is in excellent condition and is a must view site. Its very much a local village pub, but also has the ambition to be the drive to destination site in the surrounding area. ”