White Lion
31 High Street, Walkern, Stevenage, Hertfordshire, SG2 7PA
A GREAT VILLAGE PUB, OFFERING A WARM AND FRIENDLY WELCOME FOR ALL
The White Lion is a traditional Hertfordshire rural pub set in the village of Walkern. This is a great opportunity for entrepreneurs wishing to run a friendly local with a quality selection of drinks, set within a property packed full of character. The pub has a strong local following and offers the opportunity to engage with the local community and drive the pub forward. The large garden with its outside bar is the perfect spot for family BBQs and summer events. The real ale and food trade could be further developed to attract customers from further afield.
Bar
Dining areas
Garden
Kitchen
Patio
Location
Walkern is a village in East Hertfordshire located on the River Beane about two miles from Stevenage. The village has several shops including a convenience store plus a primary school, church, doctors surgery, recreation ground and a range of seasonal clubs including cricket and football.
Business Information
Annual rent
£32,000
Weekly rent
£615
Entry costs
£25,125
Turnover royalty
n/a
Forecasted Operator Turnover
£422,896
Forecasted Operator Profit (inc machine profit)
£30,817
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 £25,125.00 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 £17,000. 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
£8,000
Fixtures & Fittings
£4,250
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£25,125
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 2020 & 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) |
|---|---|---|---|
| 2021 | 155 | 1,330 | 4,913 |
| 2020 | 108 | 829 | 3,487 |
| 2019 | 158 | 1,408 | 5,110 |
There are two main trading areas, the main bar and a restaurant area. The bar area has 3 sections all of which can cater for casual drinking and dining, perfect for creating a warm relaxed atmosphere. A mature, good sized garden with outside bar offers great summer trade opportunities with kids play area and large patio.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
40
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
26
Current Premises Licence Opening Hours
Mon - Thu: 08:00 - 00:00
Fri - Sat: 08:00 - 00:30
Sun: 08:00 - 23:30
The accommodation compromises of 2 bedrooms, living room, dining room, kitchen, bathroom and office
Private Rooms
8
Lounge
1
Dining Rooms
1
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
1
Bedsits
1
I am looking for an operator who can build sales and effectively communicate with the locals, to create a great local pub. The garden is fantastic and will maximise potential throughout the summer. If you possess the requisite skill set, please contact the recruitment team for more information
Andy Turner, Business Development Manager
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