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 small village of Walkern. This is a great opportunity for entrepreneurs wishing to run a good food business with a quality selection of drinks, set within a property packed full of character. The pub has a strong local following and is famous for quality real ales and great food making it the talk of Walkern. The large garden with its outside bar is the perfect spot for family BBQs and summer events. The real ale trade could be further developed to attract customers from further afield. The offer is complimented by our exclusive Barrel & Stone high quality pizza offer which has proved hugely successful for both eat in and takeaway diners.

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. The only other pub in the village is a Chinese restaurant, so the White Lion is the only real locals pub

Business Information

Annual rent

£35,500

Weekly rent

£683

Entry costs

£40,100

Turnover royalty

n/a

Forecasted Operator Turnover

£399,622

Forecasted Operator Profit (inc machine profit)

£34,913

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 costs approximately £40,100.00, 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 £20,000 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

£8,875

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£4,500

Total Entry Costs

£40,100

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 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 108 829 3,487
2019 158 1,408 5,110
2018 220 2,064 6,518

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

1

Function Rooms

0

Customer Car Park Spaces

15

Current Premises License Opening Hours

Mon - Thu: 08:00 - 00:00
Fri - Sat: 08:00 - 00:30
Sun: 08:00 - 23:30

The accommodation compromises of 3/4 bedrooms, living room, kitchen, bathroom and office

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

2

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an operator with a strong food background and a passion for real ale. The White Lion is the only proper pub in this lovely Hertfordshire community village. The outside bar is a fantastic addition 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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