• Fair Maintainable Trade* (FMT) Net Turnover:  £311,988 per annum
  • Rent:  Peppercorn Rent of £1 p.a. and H&W to pay the Business Rates
  • Wet/Dry split:  75%/25%
  • Beautiful village location
  • Ideal short-term business opportunity while pub is marketed for sale
  • 1 year agreement available with no initial investment required
  • Potential for additional income from letting rooms

The George Inn is primarily an active wet-led community pub with some food trade, including a popular Sunday carvery.  The pub boasts a large public bar with pool table and log burning fire, as well as a large separate dining room and a smaller private room known as the Rifle Room. There is also an attractive patio garden and a spacious car park.

The pub hosts regular activities, with a pool team who play in both the Summer and Winter leagues; the Bourne Valley Quiz League who use the pub every other Monday; the local cricket team, who are enthusiastic supporters of the pub; and formerly a 5-a-side football team which could be re-started. The back restaurant runs a very successful carvery every Sunday . The key opportunities for this pub centre around the marketing and promotion of the food offer beyond the immediate village, as well as putting the two en-suite letting rooms to good use.

 

There are two large double bedrooms and one small room that could be used as a third bedroom or office. There is a large open-plan kitchen/diner/living room and access to a flat roof terrace. There are two en-suite letting rooms but the current operators have chosen not to let these rooms, so there is a huge opportunity to develop this side of the business.  An alternative to letting rooms would be to convert one of the en-suite bedrooms into a living room/kitchen and then it could be let as a one bedroom flat with it’s own private access.

This is a perfect opportunity for an entrepreneur looking for a short term project before embarking on their next endeavour. The current temporary Business Partner has held the pub since April 2019 and has paved the way for a new longer term venture.

Top Line Figures

  • Rent:  £0
  • Initial Investment: £0
  • Fair Maintainable Trade* (FMT) Turnover:  £311,988 per annum

Full Investment Breakdown †

  • Deposit: £5,000
  • Training Fee: N/A
  • Working Capital: £5,000
  • Fixtures & Fittings: Valued in June 2019 at c. £28,000. There is no obligation to purchase as Hall & Woodhouse will retain ownership, as they will be sold with the pub.

Additional Information

  • Estimated Wet/Dry Split: 75%/25%
  • Business Rates: N/A
  • Available From: 17/01/2020
  • Closing Date: 05/12/2019
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 102
  • 1000
  • 210
  • 1680
  • Last Year
  • 105
  • 1250
  • 240
  • 1310
  • 2 Years Previous
  • 116
  • 1290
  • 300
  • 1170

Trade
Asset 2

The George is largely a wet-led community pub with some food trade, which could be further developed. Sunday is the busiest trading day, with the popular carvery, and 50% of the weekly sales are generated over the weekend.  This is a great business opportunity for an entrepreneur to further develop and promote the food offer, and to maximise profit from the letting accommodation.

 


Misrepresentation

* Fair Maintainable Trade (FMT) is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Business Development Partner for the pub, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process. Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.

† The Full Investment Breakdown for each public house is higher than the minimum investment we will accept because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies. The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.

Asset 2

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