George & Dragon

82 High Street, Watton-At-Stone, Hertford, Hertfordshire, SG14 3TA

A beautiful, character Pub in a popular Village

The George & Dragon is a popular Pub in the rural Hertfordshire Village of Watton-at-Stone. The Pub is a lovely old building with traditional decor internally. The Pub is heavily food led, although is still popular with local drinkers. The Pub is well laid out, offering a separate drinkers bar, restaurant area and function room. Externally there is a lovely garden which is well used during the summer months and plenty of car parking spaces. All of this means, that the George & Dragon is a true destination Pub in waiting

Location

Business Information

Annual rent

£45,000

Weekly rent

£865

Entry costs

£33,125

Turnover royalty

n/a

Forecasted Operator Turnover

£506,610

Forecasted Operator Profit (inc machine profit)

£44,300

Forecasted Operator Machine Profit

£0

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Average Beer & Cider Discount*

£72

Type of Tie

Partial tie: Tied All Beer, All Cider, Minerals & Spirits

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £33,125 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £14,000 and the final valuation will be confirmed on change day. 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

£11,250

Fixtures & Fittings

£14,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£33,125

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 89 479 1,720
2018/19 149 815 2,678
2017/18 203 379 4,963

The site has traditional decor, whilst retaining plenty of potential for future development. The trading space consists of one main bar, with a cosy dining room and a function room. There are seventy food covers. Externally, there are twenty five parking spaces for customers, a beer garden, petanque pitch and barn.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

70

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

25

Current Premises License Opening Hours

Mon - Thu: 10.00-00.30
Fri - Sat: 10.00-01.00
Sun: 11.00-00.00

Features seven private rooms including a lounge, bathroom, two double bedrooms, a single bedroom and an office. It is In a good basic condition.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

I am looking for a strong, community focused operator with a passion for traditional pub grub (or maybe something more adventurous), great service and high standards. The George and Dragon offers all the old touches you are looking for in character Pub, with beams, soft lighting and oak furniture, whilst the small dining room really is a charming and cosy place for a meal. If you are looking to operate a village Pub in the beautiful Hertfordshire countryside, this may be the site you are looking for!

Andy Turner, Business Development Manager

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