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.

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

BDM Portrait

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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