White Lion Melton Mowbray

20 Nottingham Street, Melton Mowbray, LE13 1NW

  • White Lion Melton Mowbray

White Lion Melton Mowbray

Established Pub in Town Centre

The White Lion Hotel sits in the centre of Melton Mowbray. It is well placed to take advantage of day time trade, especially during its world-famous market day.

The pub is in walk-in condition, ready for the next operator to take the realms. The real jewel in the White Lions crown is the sizeable rear garden which makes it unique in the town. It benefits from an outdoor bar, offering the opportunity for it to be the place in Melton to watch major sporting events and enjoy live music.

Available on our Business Start-Up Agreement, manage your risk with a 3 years fixed term agreement that you can terminate at any time on 28 days' notice.

Passionate, Innovative, Operator Wanted

We are looking for someone to promote a strong drink & food offer, to become a pub with something for everyone. This a fantastic opportunity to take on a pub business that's ripe for growth. We would like to see you bring your own ideas and flair to make the most of this great opportunity.

Pub Features

  • Business Start-Up Agreement
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The main trade area is in turnkey state and is just ready for the right operator to come and bring their own ideas and enthusiasm. The existing kitchen will be tailored to meet your proposed menu.

Large beer garden with an outdoor bar. Access to the public car park at the rear.





Private Accommodation

The private accommodation consists of three bedrooms, lounge and a kitchen & bathroom.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:30 - 02:30 08:30 - 02:30 08:30 - 02:30 08:30 - 02:30 08:30 - 02:30 08:30 - 02:30 08:30 - 02:30

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
3,244
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased