Albion Tavern

2 Hale Road, Farnham, Surrey, GU9 9QH

A DRINKING HOUSE ON THE EDGE OF FARNHAM TOWN CENTRE

The Albion Tavern in Farnham is a traditional pub that heavily focuses on drink, trading at an 85/15 sales split. This is an attractive pub, with a lovely outdoor area. Sports are a major attraction here with all major events on Sky and TNT regularly shown. The pub also benefits from 4 en suite letting rooms. Food offers a great opportunity here, with a more traditional menu done to a high standard required. A Sunday carvery would be a great idea to drive food sales. More events are needed to drive sales and engage the community.

Location

The Albion Tavern is located on the junction of two busy main roads on the outskirts of Farnham town centre. This public house is close enough to attract locals, shoppers, students and businesses to walk to. There is a very large proportion of residential housing situated in close proximity to the pub.

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£33,875

Turnover royalty

n/a

Forecasted Operator Turnover

£487,576

Forecasted Operator Profit (inc machine profit)

£33,264

Forecasted Operator Machine Profit

£3,000

Average Beer & Cider Discount*

£36

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement. A fixed 5 year term. Machine income free of tie.

Entry cost is approximately £33875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.

Deposit

£6,000

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£33,875

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2023 228 1,473 1,104
2022 250 1,481 991
2021 216 1,101 855

There is a central bar which is of a good size with a T shape open plan trade area. There is one section overlooking the patio/garden, whilst the other section offers a more formal atmosphere.

Trade Bars

1

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

30

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

4

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

10

Current Premises Licence Opening Hours

Mon-Wed: 07:00-00:30
Thu: 07:00-01:00
Fri- Sat : 07:00-01:30
Sun: 07:00-00:00

There is no private living accommodation at the house. One of the letting rooms can be used if required.

Private Rooms

0

Lounge

0

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

This is a great opportunity for an experienced operator, who has local knowledge and excellent digital marketing skills. There is a great chance here to relaunch the pub with a traditional food offer and grow wet sales via great events such as beer festivals or wine tasting sessions.

Graeme Marley, Business Development Manager

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