Please note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section. The Golden Lion is located at the top of the old High Street in Fareham town centre, ideally located close to shops, offices and the recently re-developed theatre, the Ferneham Hall. Fareham is a market town at the north-west tip of Portsmouth Harbour, between the cities of Portsmouth and Southampton in south east Hampshire. 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. Its attracts custom from the local area and visitors to Fareham town centre. The pub at present 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 or the equivalent of three months’ rent, whichever is greater 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, we offer free-of-tie options for certain drinks categories in exchange for an annual fee. For a breakdown on financial information, please refer to the ‘Additional Info’ tab. 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. Additional Information: 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 – £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, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step. Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix *