Ickleton Lion

9 Abbey Street, Ickleton, Saffron Walden, Essex, CB10 1SS

THE ONLY PUB IN THE VILLAGE!

The Ickleton Lion is a popular Village Pub, which is extremely well supported by the local community, sports teams and societies, as well as being a popular destination for food and functions. The Pub has benefitted from recent investments in 2017 and 2019 to update the interior, create a locals bar, a unique snug area with log burner and a fabulous garden. It is rumoured that this pub has been at the centre of village life for over three hundred years and has previously been known as the Lion and Red Lion. The Pub is well known in the area for delivering a fantastic food offer based upon Pub classics and a takeaway offer. The Ickleton Lion always guarantees a warm welcome, great food and a wide selection of ales, gins and wines. What more could you want from a village Pub?

Location

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£52,800

Turnover royalty

n/a

Forecasted Operator Turnover

£379,777

Forecasted Operator Profit (inc machine profit)

£39,183

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36.00

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £52,800.00, 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 £30,000 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

£10,000

Fixtures & Fittings

£30,000

Legal Admin Fee

£825

Broker Fee

£675

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£6,150

Total Entry Costs

£52,800

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 96 204 3,840
2018/19 125 1,341 4,698
2017/18 133 1,878 5,282

One bar serves the whole pub, which has a separate dining area and snug. Externally there is a large garden, perfect for the summer months.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

Yes

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

15

Current Premises License Opening Hours

Sun - Thu: 10.00 - 00.30
Fri - Sat: 10.00 - 01.00

Accommodation includes two bedrooms in the main accommodation and two smaller loft rooms with a separate private kitchen. lounge and bathroom.

Private Rooms

9

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

2

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am searching for a quality, experienced operator who can build upon the foundations of this successful Pub. You will need to be able to engage with the local community, whilst upholding the Pubs strong reputation as a true destination for diners from further afield. Experience of a medium size food operation will be advantageous as well the ability to offer excellent standards of service. If this is the opportunity you have been waiting for, then please contact our recruitment team for further information.

Andy Turner, Business Development Manager

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