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White Lion Watford

Pubs & Bars • 79 St. Albans Road, Watford, Hertfordshire WD17 1SJ Management opportunity
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Summary

The White Lion is a traditional community Pub comprising two bar areas; with one area accommodating up to 90 covers over two levels. Both areas have access to the large bar that runs throughout the pub.

Description

Due to the large open plan space of the pub, it provides the right publican with the opportunity to section parts of the pub off for private group bookings. The quirky, yet traditional décor that runs throughout consists of wooden beams and a brick open fireplace, the perfect asset for a cosy winter evening. Key Features • The pub benefits from a large trading area and kitchen with a good amount of storage to the rear of the property. • Sky & TNT sports are shown throughout the week, there is a good-sized courtyard garden to the rear and parking for up to 5 cars Business & Financial Information • Estimated ingoings (upfront): £12,420 • Full deposit: £11,625 • Agreement fee: £795 • Guide rent (weekly): £894 • Guide rent (annual): £46,500 • Forecast turnover (weekly): £487,240 • Forecast turnover (annual): £487,239 Ideal Operator The White Lion is a traditional community-based pub that has successfully traded for a number of years and is now available to a new operator.  Strong community and food-focused operators with proven track records would be the ideal applicants for this site. Private Accommodation The Pub's 1st floor accommodation comprises 3 good-sized bedrooms, a shower room, a toilet, and an additional bathroom. There is an office and a lounge, also. The layout could offer 2 separate flats for staff if required. Regional Manager's Thoughts The current Management has done a great job since 2021 in running this business and is leaving to take some time for themselves. During their tenure, they have invested heavily in the site and made a number of improvements in the trade area and throughout the building. The ideal would be to ensure a smooth and undisturbed transition between exiting and new operators who have put so much effort into driving the business these past years. This is a solid and exciting opportunity for somebody new to take over what has been an established, clean, and thriving business, to put their stamp on the Pub and take it forward. Surrounding Area The Pub is located just 200 yards away from Watford Junction station, with easy access routes into London and on a main road leading into Watford town centre. The surrounding area has seen a huge amount of regeneration, which continues, boasting over 2000 new dwellings within walking distance of the Pub.

Upfront cost

£12,420
Cost type: Upfront

Key facts

Upfront cost
£12,420
Turnover (annual)
£487,239
Rent
£46,500 (annual)

Location

79 St. Albans Road, Watford, Hertfordshire WD17 1SJ
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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