Pub Overview
What would you do with this pub to make it even more of a success?
The area
The Golden in Whitby is a historic town‑centre pub on Golden Lion Bank, right near the River Esk and the famous swing bridge.
Demographics
The pub benefits from being one of 69 pubs found in an area of around 2,736 adults. The Golden Lion customer base is made up of mature and young adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via, live entertainment. It offers a selection of cask ales, coffees, pub classic menu and popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
* Understanding of the local community
* You know what it takes to build a successful business
* You love hospitality and are great with customers
Features
* Foundation Tenancy
* Catering Kitchen
* Music Venue
* Car Park
* Outdoor Trade
* Private Accommodation
Trading Area & Facilities
* Compact, multi room layout
* 60 internal covers
Private Accommodation
Private accommodation consists of two bedrooms, a living room, kitchen and bathroom.
Pub Financials
Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from: £11,643 - £20,597
Estimated annual turnover: £370,521
Annual rent: £23,724
Deposit (build up from 1 month rent): £5,931
Estimated fixtures & fittings value (rented fixtures & fittings deal available): £5,000
Stock valuation: £6,166
Working capital required: £3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start‑up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start‑up, all applicants must have a minimum £10,000 un‑borrowed funds.
Downloads
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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