Pub Layout: Inside, the pub features a spacious bar that serves 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 custom from the local area and visitors to Fareham town centre. The pub at present hosts weekly quiz nights.
Accommodation: The private accommodation consists of a large living room, kitchen, bathroom, and three bedrooms.
Financial:
1. Annual Rent: £29,750
2. Security Deposit: £5,000
3. Working Capital: £2,500
4. Stock: £2,500
5. 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, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
BDM Vision: The Golden Lion presents a fantastic opportunity to build on an already thriving business. There is significant potential to expand the food offering to accompany the highly popular real ales. Introducing additional weekly events, alongside the existing quiz nights, would further enhance the Golden Lion’s appeal.
Future Plans: Additional Information:
1. 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.
2. Security Deposit: This sum of money will be held on your account and will be returned to you on exiting the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent.
3. Working Capital: This is a recommended amount required for the day-to-day running of the business.
4. Stock: This will be valued by an independent valuer on the day you take over the pub.
5. Fixtures & Fittings: This includes any item that is bolted to the floor or walls, and any item that is free-standing or hung by a nail or hook.
6. Training: £350.00 – Before signing a long-term agreement, you will be required to attend our 7 Steps to Sales Success training programme, held online over two days.
7. Service Charge Cost: £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations.
8. *Zero Business Rates: Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee.
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