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Green Dragon St Albans

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Green Dragon St Albans

Waterside, St Albans, AL2 1RB Pub Code: 2303324101

Pub Code: 2303324101

Foundation Tenancy

Est Min Ingoing Costs: £11,555

Annual Rent: £36,662

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The Green Dragon is a lovely, traditional community pub. It sits in the village of London Colney, in a picturesque location overlooking the river Colne, and just a 10-minute drive from St Albans.

What would you do with this pub to make it even more of a success?

The area

The Green Dragon is situated in the large village of London Colney, in a picturesque location, overlooking the river Colne. The pub is just a 10-minute drive away from the City of St Albans.

Demographics

The pub is one of 6 pubs found in an area of around 2,786 adults. The diverse customer base is made up of a range of young to mature customers of medium to high affluence.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a great quality, traditional pub food offer, alongside a selection of quality drinks including a selection of real cask ales.

The site currently has the ability to drive trade via its food and drinks, as well as being an integral part of the community. The pub is currently 80/20 wet led.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, and can create memorable experiences for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

  • Foundation Tenancy

  • Outdoor Trade

  • Cask Ale

  • Private Accommodation

  • Catering Kitchen

Trading Area & Facilities

  • Main trading area with bar
  • Separate lounge bar
  • 52 internal covers
  • 50 external covers
  • Catering kitchen
  • SmartDispense
  • Outside seating overlooking the river

Private Accommodation

Private accommodation consists of 2 bedrooms, lounge, kitchen & bathroom.

Pub Financials Icon

Estimated Total Ingoing Costs

£34,666


Estimated Minimum Ingoing Costs

£11,555

Annual Rent
£36,662
Estimated Annual Turnover
£466,985
Deposit
£9,166
Estimated Fixtures & Fittings Value
£17,000
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Location:

Waterside, St Albans, AL2 1RB

Google map location image of Green Dragon St Albans
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