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White Lion, Cannock

Cannock WS11 4AH

Your investment

£9,000

Agreement Type

Tenancy

The White Lion is a detached pub prominently positioned on a corner plot, located on the busy A34 linking both Cannock and Stafford. It benefits from a road side location which should be used to attract new clientele through a curb side appeal as well as encouraging repeat custom from the densely populated surrounding housing estates.

The White Lion is a detached pub prominently positioned on a corner plot, located on the busy A34 linking both Cannock and Stafford. It benefits from a road side location which should be used to attract new clientele through a curb side appeal as well as encouraging repeat custom from the densely populated surrounding housing estates. Admiral Taverns are looking to invest in the full external redecoration with a long term licensee.

Pub Layout

On entering through the main front door, you are welcomed into an open plan trading area with the bar servery centrally located. To the right of the bar is a pool area and to the left is a darts oche and large screen TV. To the rear of the pub is a small snug that could be used as a small meeting area or dining area. The pub can facilitate up to 45 covers. The ladies and gents toilets are well presented and are located to the rear of the pub behind the bar servery. There is also a food prep area located behind the bar allowing the pub to offer bar snacks. Externally there is a fantastic patio area that has recently been renovated to a high standard with benches and a smoking solution.

The White Lion is a community pub which is primarily drinks led with a strong focus on sports. Mid week trade is driven through sports teams such as pool and darts although there is an opportunity to grow the mid week entertainment programme through a rhythm of the week and promotional activities . Weekend entertainment is popular with solo artists and karaoke. Although there is no catering kitchen there is a food preparation area that will enable a new licensee to offer a basic snack menu.

Private Accommodation

The private accommodation is located on the first floor and consists of three bedrooms, office, lounge, kitchen and bathroom all of which are well presented and in good order

Annual Rent: £18,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

F&F: TBC (Funding options available)

Training: £325 plus VAT

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

I am looking for an individual or couple who will be sociable and engaging with the local community. They will need to understanding the clientele and provide excellent retail standards. A strong vision and marketing plan is essential to developing this great community pub.

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

 

 


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