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Old Royal George

Northallerton, DL7 9QS

Your investment

£15,000

Agreement Type

Tenancy
  • Strong Trading History
  • Opportunity To Build On Food Offer
  • Letting Rooms

The pub lies in the beautiful village of Morton On-Swale a short distance from Leaming Bar & Northallerton. The village is an old farming village with arterial routes from Leaming Bar to Northallerton so makes for a busy road and lots of passing trade. The biggest Acorn categories within the 10 mile radius drive time are Affluent Achievers followed by Comfortable Communities.

Pub Layout

The pub enjoys a large open plan trading style main bar area, with a separate cosy snug featuring a log burner for those colder days. Both are serviced by the main bar servery. The pub also benefits from having a large restaurant/function room. The toilets can be accessed from the main bar, which also leads to a large catering kitchen and dry store. There is also a ground floor cellar to the rear and extra dry storage. To the rear of the property are three high standard letting rooms with separate access through the beer garden.

The Old Royal George enjoys a main road location and as such enjoys a lot of passing trade.  This gives an opportunity for the many passing camper vans to stay overnight on the large car park and use the facilities of the pub too.  It currently trades for the local community with pub darts teams and live sports coverage through Sky TV.

There is scope for regular activities like quiz nights and live entertainment to be introduced alongside the current regular trade. The pub currently operates at an approximate 70:30 wet/dry split, with the food offer based around a good home-cooked “pub favourites” menu.

Private Accommodation

The private accommodation consists of three large bedrooms, large living room, family bathroom, kitchen and office.

 

Letting Rooms

The pub has three ground floor letting rooms to the rear of the business which are detached from the main building and self-contained.

https://www.tripadvisor.co.uk/Hotel_Review-g504009-d7914264-Reviews-The_Old_Royal_George-Northallerton_North_Yorkshire_England.html#/media/7914264/354623104:p/?albumid=101&type=0&category=101

Annual Rent: £20,500

Security Deposit: £5,000

Working Capital: 5,000

Stock: £5,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Training: £325 plus VAT

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

We are looking for a hard-working operator who wants to become the heart of the local community and build upon the established regular trade. A keen eye for quality of service and standards, with skills in offering a home cooked menu and the experience to look after a range of cask ales.

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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