Under Offer

White Lion

60 Southam Road, Radford Semele, Leamington Spa, Warwickshire, CV31 1TE

Gallery

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Pub overview

This Pub is ready and waiting to go, all we need is you!

The White Lion is a beautiful, characterful Pub, which has benefitted from a recent £160,000 refurbishment project and is in fabulous condition. Situated in the affluent Village of Radford Semele, the Pub benefits from being on the busy A425 and has a large car park, so destination dining should be on your agenda. This site has potential for a good food and drink offer to attract both local residents and those passers-by.
We are looking for an experience operator with food experience, who can be at the heart of the local community, whilst also attracting trade from a wider area. At the White Lion, you will benefit from little surrounding competition, so the tools are in place to build a great business!

Our recent investment in the trading space created a comfy bar area while retaining a casual dining room. The garden offers a partially covered patio with poser height fixed seating and four 8 seat dining pods add some fun and interest to the lawn area.

Trade space
Bars 1
Car park spaces 60
Dining rooms 1
Food covers80
Gardens 1
Trade kitchens 1
Patio areas 1

The accommodation is compact, but does provide flexible space. The pub’s office is located on the first floor, separate to the flat and there is also a staff changing room.

Private space
Private Rooms7
Lounge1
Single Bedrooms1
Double bedrooms2
Private Kitchen1
Bathrooms1
Office1

Rent information

Annual rent£60,000 per annum
Weekly rent£1,153.85 per week fixed
Notes

£60,000 per annum, £1,153.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £44,175 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note the F&F is shown as a 25% deposit of the full value* Full Value of the existing F+F is approximately £45K* *An assisted purchase agreement for the F+F will be considered for the right applicant*

Brokers£675Legal£850
Deposit£15,000Stocktaking fees£150
Fixtures & fittings£11,250Working capital£10,000
Other costs£8,000Total entry cost£45,925

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/181173118
2016/171363723
2015/162264
Volume notesThis business was acquired by Greene King during the financial year 2015/16, so volume figures quoted on represent a partial year

Location

Radford Semele is around 2 miles outside of Leamington Spa and is a self-contained village. The pub has a large frontage onto the A425 and benefits from a large car park that’s open to the road too – making it perfect for passing trade as well as local residents. Nearby are mostly period, detached houses but there is also an up-market housing area within a stone’s throw of the business. With a high level of home ownership and most people working in managerial and supervisory roles, this represents an affluent potential customer base. Residents are older than the national average and most households have only 1 or 2 occupants, which implies a high number of ‘empty nesters’ looking for a place to spend their money!

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Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday - Wednesday 09:00hrs - 01:00hrs Thursday - Saturday 09:00hrs - 02:00hrs

Contact Us

Mark Regan

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ If you are an experienced operator, who knows how to provide a mid to high end food and drink offer, the White Lion could be the pub for you. This site is in wonderful condition following our extensive refurbishment and is within an affluent community, with passing trade. If you are looking for your next challenge, I would be delighted to hear from you ”