Golden Lion Hotel
19 St Edmund Street, Weymouth, Dorset, DT4 8AR
SEASIDE TOWN CENTRE OPPORTUNITY
The Golden Lion Hotel is situated in the seaside town of Weymouth, Dorset. The pub sits on a large corner plot in a prominent position on the high street and has 13 letting rooms. The pub has plenty of potential and trades as a community local, which is 70% wet led. The new operator will need to provide stability and an offering that suits all potential customers. The Golden Lion currently holds numerous live music events weekly and attracts a good percentage of locals as well as visitors and tourists to the area. There is high potential here to drive all income streams and restore the previous success the business has enjoyed.
Bar
Dining areas
Kitchen
Location
Weymouth is a seaside town in Dorset, southern England. Its sandy beach is dotted with colorful beach huts and backed by Georgian houses. Jurassic Skyline, a revolving viewing tower, and harbour views.
Business Information
Annual rent
£0
Weekly rent
£0
Entry costs
£18,400
Turnover royalty
12%
Forecasted Operator Turnover
£588,908
Forecasted Operator Profit (inc machine profit)
£71,412
Forecasted Operator Machine Profit
£1,500
Average Beer & Cider Discount*
Turnover Agreement Discount Band
Type of Tie
Full tie: All products
Agreement
1 Year Foundation Turnover Agreement - The rent is calculated as 12% of the weekly turnover with zero fixed rent. Machine income is shared 50/50
Entry costs approximately £18,400, 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 £6,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£6,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£18,400
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 2021 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 | 221 | 2,235 | 8,532 |
| 2022 | 240 | 2,750 | 9,523 |
| 2021 | 103 | 752 | 4,995 |
The Golden Lion is a large venue with one extensive bar servery. There are 100 covers on split levels with basement cellar, gents and disabled toilets on ground floor and ladies toilets on the first floor. The external space is limited and governed by a pavement licence.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
100
Trade Gardens
0
Trade Patio Areas
0
Trade Rooms to Let
13
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Mon-Thu: 09:00-02:00
Fri-Sat: 09:00-03:00
Sun: 09:00-01:00
The private accommodation comprises of a lounge room, 2 double bedrooms, bathroom, toilet and office.
Private Rooms
6
Lounge
1
Dining Rooms
1
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
0
Offices
0
Bedsits
0
I am looking for someone who has a long term vision for the site and the skills and energy to fully exploit all of the income streams the business has to offer. This business has proven to be very successful in the past and will thrive with a great food offer and good letting accommodation. The Golden Lion Hotel has all of the virtues of a great community pub. If you'd like to learn more, please contact our recruitment team for more information.
Rob Ayling, Business Development Manager
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