Marquis of Lorne

132 High Street, Stevenage, Hertfordshire, SG1 3DB

NEST PUBS FRANCHISE OPPORTUNITY - REFURB PLANNED

The Marquis of Lorne, Stevenage is a wet led pub which will be offered for re let under our new Nest Pubs franchise agreement. The Marquis of Lorne will be refurbished, which will transform the pub and bring it to modern standards. A Nest Pubs franchise agreement offers a basic food offer of Pizza (and other handheld food items) and operates at the heart of the community. The pub will be an ideal meeting place for locals, couples, and families, who can expect to enjoy live sport and live music within the pub. There will also be pool and darts on offer and participation in local competitions will be encouraged.

Location

The pub is situated in Old Town Stevenage High Street, which is approximately 10 mins walk from the train station (which offers direct trains to London Kings Cross) next to a good choice of restaurants, coffee shops, mostly independent shops, and is part of a good pub circuit. The Marquis of Lorne is a popular and cosy traditional pub with a front and rear courtyard and function room.

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£5,000

Turnover royalty

n/a

Forecasted Operator Turnover

£640,000

Forecasted Operator Profit (inc machine profit)

£35,000

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Agreement

Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £3,000 entry fee (plus £2,000 working capital) and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. In addition, you'll be paid 20% of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses and 6% share of profit are available based on business performance and standards audits. Private accommodation is provided where available.

Entry cost of £3000 is payable on change day. This includes legal fees and start up training costs. An extra £2000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£2,000

Other Costs

£3,000

Total Entry Costs

£5,000

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 304 2,342 4,974
2022 337 2,258 6,292
2021 243 1,571 4,224

The trade space offers 2 bars and function room. There is seating for 60 people. Externally there is a beer garden and 2 patio areas. The planned refurbishment will transform the pub yet keep the traditional warm feel.

Trade Bars

2

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

60

Trade Gardens

0

Trade Patio Areas

2

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

1

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Mon-Thu: 11:00-00:00
Fri-Sat: 11:00-00:30
Sun: 11:00-23:30

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

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

Nest Pubs are ideal for community minded pub managers, who are looking to run their own pub business, without the large outlay required for kitchen staff. If you are community minded, demand high standards and are passionate about great service, this might be the opportunity you have been waiting for.

Becky Holt, Business Development Manager

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