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Green Dragon, Wymondham

Wymondham, NR18 0PH

Your investment

£22,500

Agreement Type

Tenancy
  • Large beer garden and patio area
  • Impressive trade kitchen
  • Beautiful scenic village location

The Green Dragon is a large and attractive pub situated in the beautiful town of Wymondham just south of Norwich. Close to the A11 and with direct train links to Norwich and Cambridge, this town is perfectly placed and is well sought after property wise especially post pandemic. It’s a vibrant town with a population of just under 15,000 which is set to increase with several further housing developments locally. With the beautiful River Tiffey running through the town, Wymondham is the perfect place for shopping, country walks and pub trips.

Pub Layout

There is a main bar area with a snug and a larger room just off the bar. The actual bar servery is on the smaller side so the right licensee will need to be very savvy and organized! There is additional seating on the first floor which is also used as a function room. There are extensive covers externally within the garden and patio area which makes the pub especially popular on sunny days. The trade kitchen is on the ground floor so is easy access to all areas. There is also one main cellar but two additional cellar storage areas to accommodate the stock needed for this larger pub.

The pub is a key meeting point for the town with a large real ale following. Food here is key too, given the extensive kitchen facilities and a full a la carte menu previously offered. The garden area sees plenty of use and has been the location for large beer festivals which should return here in the summer months.

Private Accommodation

The private accommodation comprises of a 3 bedroomed flat above the pub in good order with private bathroom and kitchen

Annual Rent: £39,000

Security Deposit: £7,500

Working Capital: £10,000

Stock: £5,000

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Green Dragon is in the heart of Wymondham and one of the pubs that makes this town special. The current licensees had won numerous awards and have a large following yet there is still potential to build on this and  develop all aspects of the business further with a refreshed food and drink offer. This is a large pub and not for someone new into the industry but for experienced and highly motivated licensees who can see the potential here. The right licensee will be savvy in terms of cask ale and good food.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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