tenancy
Farnham Road, Elstead, Godalming, Surrey GU8 6DB, UK
Approx. Total Ingoings
£18,000Annual Rent
£40,000The Golden Fleece is a fabulous village pub in the heart of the Surrey village of Elstead on the Milford Road connecting Farnham and Godalming. The pub is frequented by both the villagers of Elstead and destination diners from many of the surrounding villages and towns. A go to area for hikers and dog walkers, the river Wey runs through the village and many farms and recreational spots are close by. A wonderful opportunity for an entrepreneur to run this food pub business by driving and improving the current Thai food operation or by introducing a new food concept for all day diners. A pub of this size and amenity is rarely available and offers an excellent business opportunity to enhance the customer experience and become the destination food pub of choice within the local area. The pub benefits from its large internal trading space with three key trading areas, a car park capacity of 25 spaces, a reasonable rear garden and large living accommodation. The new publican would ideally hold food experience of operating or managing a food business.
Private Accommodation: The private accommodation is of a good size and consists of three bedrooms, a box room, two bathrooms, a living room and kitchen. The private quarters are perfect for a family or to accommodate staff members.
Indoor trading area
The pub operates in a large trading space which is split between three areas: the bar, restaurant and a casual dining space. Each could be adapted accordingly to suit the relevant customer offer or individual pub event held with over 100 covers to manipulate. The bar itself is a large solid oak bar servery with stools to the bar and an immediate seating area opposite, this would be classed as the primary drinking spot. The restaurant is located next to the kitchen and is currently used as the more formal area, decorated with Thai themed bric-a-brac to match the existing food style. There is a further, more relaxed dining area closest to the rear garden which offers a flexible space for drinking and dining as this can be adapted depending on the trading time and environment.
Outdoor trading area
A reasonable garden space which is underutilised and has fantastic potential for development to a covered area with lighting and heat for all year trade. Small landscaping improvements will transform the garden into a lovely trading space. There is currently a small, sheltered area to the rear, which is used as the smoking solution however, the improving idea would be to expand this sheltered area and make it welcoming and friendly to both smokers and non-smokers. There is a convenient and well sized car park located to the rear which holds 20 car parking spaces with a further five to the front of the pub.
Regional Manager Comments
The Golden Fleece is a fantastic pub situated in the heart of Elstead, a delightful village located in Surrey. The pub currently benefits from destination diners, amongst those visiting the area for dog walks, hikes, and other leisurely spots. This would be an ideal opportunity for an experienced publican who has catering skills and the capability to operate or manage a quality food business.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£18,000
Annual Rent
£40,000
Potential Turnover: £523,000 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: £40,000 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: £18,000 (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: £12,000 (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.
