£10,000
Five Year Agreement
OR CALL 01244 321 171 FOR MORE DETAILS
The George & Dragon is a large pub set in an affluent area of a very picturesque region on the east coast, two miles from the sea and five miles from the famous village of Hornsey. The pub is close to three large caravan parks and is a destination for walkers, families and tourists throughout the summer. Aldbrough is a village in the East Riding of Yorkshire.
On entering the pub, you are greeted by the bar area which houses a central bar servery with a pool area. Separately and accessible from the bar area is the dining area / lounge which has a fantastic carvery servery along with freestanding tables and chairs. Adjoined to this is a fully equipped catering kitchen. The car park to the rear can accommodate circa 25 cars and there is also a separate fenced children’s play area to the rear of the car park with climbing frames etc. Above the main building are seven letting rooms all in good condition and this provides additional income to the business.
The George & Dragon is the hub of the village all year round and has an excellent reputation for homemade food with fantastic reviews on Trip Advisor. The pub is popular with quiz nights during the week and live entertainment such as karaoke on weekends. Local’s frequent the pub for both drinks and food and there is already an established following. Close by are three caravan parks, busy with walkers and tourists who use the pub to wind down after a day spent in the surrounding areas. In the summer months the children’s play area is also used regularly.
The private accommodation consists of one bedroom, bathroom, kitchen and lounge
Annual Rent: £15,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £2,000
Fixtures and Fittings: Upon Valuation – Funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £250 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral Taverns are seeking an experienced licensee, capable of expanding on the good home cooked food offer which is currently in place, making use of the seven letting rooms, but also community minded in respect of the all year-round custom from the local villagers. This is an excellent opportunity for the right licensee to put their own stamp on the bus and create a superb pub with many income streams.
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – This is required when taking on a Business Support Agreement. Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester. Please note, you will be required to attend this workshop before signing a long term tenancy agreement.
