Ickleton Lion

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

SUITABLE FOR FIRST TIME PUBLICAN.

The Ickleton Lion is a traditional village pub, with an abundance of charm and character. The pub is situated in the middle of the affluent village of Ickleton but also benefits from the Wellcome Genome Campus which is home to some of the world's foremost institutes and organisations in genomics and computational biology. The pub attracts a mix of foodies, locals enjoying a pint, a quick visit whilst walking the dog or a family visit to enjoy the garden.

Location

Ickleton is a village and civil parish about nine miles south of Cambridge in Cambridgeshire, England. The village is beside the River Cam, close to where a southern branch of the Icknield Way crossed the river. Ickleton has an approximate population of six hundred and fifty and the Ickletom Lion is the only Pub in the village. Ickleton also has a social club and combined shop/post office

Business Information

Annual rent

£29,500

Weekly rent

£567

Entry costs

£20,125

Turnover royalty

n/a

Forecasted Operator Turnover

£358,046

Forecasted Operator Profit (inc machine profit)

£29,500

Forecasted Operator Machine Profit

£0

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

Entry cost is approximately £20,125 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 £15,500. 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

£7,375

Fixtures & Fittings

£3,875

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£6,000

Other Costs

£1,150

Total Entry Costs

£20,125

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. 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 11 173 614
2022 91 1,889 2,742
2021 58 1,254 1,807

The pub has a cosy front bar know for a great community vibe with a lounge area behind of 14 covers. Off to the left is the dining room with 24 covers, with a mix of loose and fixed seating. Then hidden away is the snug, where you can sit on the comfy sofas and enjoy the fire.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

50

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

10

Current Premises Licence Opening Hours

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

The accommodation comprises 3 bedrooms, kitchen, lounge, dining room, bathroom, toilet and office.

Private Rooms

9

Lounge

1

Dining Rooms

1

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

This opportunity would potentially suit a first-time publican, who is passionate not only to run the best pub in the area but who also wants to be very proud of their home and the community. Consistency, great service and providing good pub food will be key to your success.

Andy Turner, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.