The Golden Lion is located at the top of the old High Street in Fareham town centre, ideally situated close to shops, offices, and the recently re-developed theatre, Ferneham Hall. Fareham is a market town at the north-west tip of Portsmouth Harbour, between Portsmouth and Southampton in south east Hampshire.
Pub Layout
Inside, the pub features a spacious bar serving both the main public area and a quieter, adjacent seating section. The recently refurbished toilets add to the comfort and convenience. The pub also offers ample amenities, including a car park with space for around 10 vehicles, a large secluded garden, and a covered paved patio area.
Trading Style
The Golden Lion trades as a cosy traditional pub with a relaxed atmosphere, homemade food, and great ales. It attracts customers from the local area and visitors to Fareham town centre. The pub currently hosts weekly quiz nights.
Accommodation: Private Accommodation
The private accommodation consists of a large living room, kitchen, bathroom, and three bedrooms.
Financial
* Annual Rent: £29,750
* Security Deposit: £5,000
* Working Capital: £2,500
* Stock: £2,500
* Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
* Tie: All drinks categories are tied. For fully funded licensees on long-term agreements, free-of-tie options for certain drinks categories are available in exchange for an annual fee.
For a breakdown of financial information, please refer to the ‘Additional Info’ tab.
BDM Vision
The Golden Lion offers a fantastic opportunity to build on an already thriving business. There is significant potential to expand the food offering to complement the highly popular real ales. Introducing additional weekly events, alongside the existing quiz nights, would further enhance the pub’s appeal.
Future Plans: Additional Information
* Annual Rent: This is the 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 weekly in advance according to the agreed terms. Occasionally, a discretionary start-up rent may be discussed.
* Security Deposit: This sum is held on your account and returned upon exit based on your final account balance and the property's condition. The standard deposit is 25% of the headline rent, with possible negotiations for a lower deposit for long-term agreements.
* Working Capital: Recommended amount for daily operational expenses.
* Stock: Valued by an independent valuer on takeover day, including unbranded glassware, unopened bottles, wines, spirits, and unopened/opened kegs and cask ales.
* Fixtures & Fittings: Items bolted to the floor/walls or free-standing, including furniture.
* Training: £350.00 for the "7 Steps to Sales Success" online training over two days, covering marketing and business strategies.
* Service Charge Cost: £63.33 per week for the Admiral Taverns Premium Maintenance Package, covering compliance, statutory obligations, boiler, and cellar cooling repairs, plus access to e-learning.
* *Zero Business Rates: Based on April 2023 ratings, small business rates relief may apply, primarily for pubs marked with an Asterisk.
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