tenancy
26 High Street, Bradninch, Exeter EX5 4QL, UK
Approx. Total Ingoings
£8,750Annual Rent
£15,000The White Lion is a traditional village pub in Bradninch, situated in the picturesque Culm Valley. The pub sits at the heart of the local community and you would be forgiven for thinking not much has changed over the years. Olde worlde in style, the pub is full of character, boasting exposed beams and a large open fireplace. There are two rooms, the main bar and a games room to the rear of the pub with a total of 20 covers across a mix of wooden tables and chairs. The commercial kitchen would suit a bar snack offer to increase revenue and the regular running of community events would maintain a local following. Stonegate are looking for a community minded publican who understands the importance of good local pub.
Private Accommodation: The fully refurbished private accommodation comprises a spacious living accommodation with two double bedrooms, single bedroom, lounge, kitchen and bathroom.
Indoor trading area
The White Lion boasts the fantastic original features you would expect of a traditional village pub; including a welcoming open fireplace, low ceilings and exposed beams and brickwork. The main bar hosts international brands and cask ales, the latter being a real focus in the local area. Here you will find AWP games machines and television screens, regularly showing live sports as well as the occasional live performance from a local band. Towards the rear of the property is a function room that currently serves as a pool and darts room. There is a brand new and well-equipped commercial kitchen that would suit a traditional pub menu. The pub can accommodate 25 to 30 covers across loose wooden tables and chairs which blend into the overall style of the property.
Outdoor trading area
There is a small patio area to the rear of the property with space for a handful of picnic benches and a much larger covered seating area for at least 80 customers accessed via an attractive wooden gate. In addition, there is a large and mainly undeveloped plot of land to the rear of the pub which could become a showpiece for the business with the potential to include glamping/camping (subject to approvals) and/or to be used as a location for outdoor events and functions
Regional Manager Comments
The White Lion is a traditional village pub on the outskirts of Collumpton, with a loyal customer base. The new publican should be community minded, have experience of marketing and holding small events, with wet trade knowledge being advantageous.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£8,750
Annual Rent
£15,000
Potential Turnover: £190,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £15,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £8,750 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £10,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
