Old George
Arlesey Road, Ickleford, Hitchin, Hertfordshire, SG5 3UX
A WELL ESTABLISHED BUSINESS, POPULAR WITH DINERS AND LOCAL DRINKERS
The Old George is a successful village pub, with an excellent reputation for food, whilst remaining popular with the local drinkers. The building has a beautiful exterior and is smartly presented inside, bristling with charm and character. The current operator has traded this site extremely well in recent years and will be a hard act to follow. To site currently operates at a 60/40 split in favour of wet sales and any new operator will need to be a chameleon and be able to maintain the excellent service and standards, whilst engaging with the locals, being a pillar of the local community and offering a regular calendar of events, such as live music. The pub also has a lovely garden and this could be utilised further to increase sales, possibly by offering Pizza or street food. This is a really exciting opportunity to run a well established and extremely successful business which could be very rewarding for the right operator.
Dining areas
Kitchen
Location
Business Information
Annual rent
£35,000
Weekly rent
£673
Entry costs
£46,625
Turnover royalty
n/a
Forecasted Operator Turnover
£413,051
Forecasted Operator Profit (inc machine profit)
£34,221
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement A fixed 5 year term
Entry costs approximately £46,625.00, 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 £25,000 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
£8,750
Fixtures & Fittings
£25,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£46,625
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 | 176 | 2,734 | 4,448 |
| 2018/19 | 164 | 2,700 | 4,338 |
| 2017/18 | 169 | 3,022 | 3,853 |
The site is a two bar operation with a stunning open fire place in the main bar and traditional beams and features throughout. There are forty eight food covers internally and a ground floor trade kitchen. Externally there are two well maintained patio areas, with the potential to further extend the food trade. There is car parking for sixteen cars
Trade Bars
Yes
Trade Dining Areas
Yes
Trade Kitchens
Yes
Trade Food Covers
48
Trade Gardens
No
Trade Patio Areas
Yes
Trade Rooms to Let
0
Meeting Rooms
No
External Child Play Areas
No
Function Rooms
No
Customer Car Park Spaces
12
Current Premises License Opening Hours
Mon - Thu: 11:00-00:30
Fri - Sat: 11:00-01:30
Sun: 11:00 - 00:00
The accommodation is in fair condition and consists of two bedrooms, lounge, kitchen. bathroom and office
Private Rooms
6
Lounge
Yes
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
1
Bedsits
0
I am seeking an excellent experienced operator who can be a real chameleon. This is a great pub, with strong local trade, excellent food and an excellent reputation that must be upheld. If you are seeking a challenge like this one, please contact the recruitment team for further information.
Phil Venables, 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.