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White Lion Hotel Nr Grantham

31, High Street, Grantham, NG33 5NE

Pub Code: 2302517101

Key Features

  • A Turn Key pub with everything you need.
  • Established Wet and Dry Trade
  • 3 Outdoor drinking areas
  • Smart Dispense Installed
  • Good sized private accommodation in a sought-after village

Est Min Ingoing Costs: £14,176

Annual Rent: £37,543

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More Information

Defy gravity in Newton Country!

The White Lion is in the heart of the village of Colsterworth, South of Grantham. Not only is this the birthplace of Sir Isaac Newton, with the A1 close by and its proximity to Belvoir Castle, Belton House and Easton Walled Gardens there is plenty of passing trade to take advantage of.

It is a sizeable pub with 3 distinct zones in what is an otherwise open plan pub.  There is a traditional dining room with an open fire that can be also be used for function trade.  More casual dining is on offer in the bar area which again benefits from a wood burner.  Finally, the pub also benefits from a distinct Sports area with the ability to offer locals darts and pools and a great area to cheer on your favourite team in comfort.

The pub offers 70 covers inside with the ability to serve pub classics in the dining room and bar area.  Outside there is seating at the front of the building with several benches to sit and watch the world go by.  To the rear of the pub, there is a cosy walled garden just outside the sports area before climbing a few steps to an additional secret garden offering fantastic panoramic views over the local countryside.  Perfect for drinking in the views on those lazy hazy summer days.

Bring this Pub to Life!

We are looking for experienced operators wishing to involve themselves in the heart and soul of the village.  Must be good all-rounders and food experience is essential.

  • Catering Kitchen

  • Foundation Tenancy

  • Outdoor Trade

  • Private Accommodation

  • Monthly Billing

  • Weekly Billing

Trading Area & Facilities

The pub is an open plan layout with one room set out for a formal dining experience and a bar for a more relaxed informal dining area. In good decorative order throughout with a fully equipped catering kitchen.

The attractive beer garden to the rear is safe and enclosed making it perfect to capture the family market. The car park also sits to the front of the building and can accommodate around 10 cars.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom, a lounge and an office.  In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.

Premises Licence Details

Please refer to Premises Licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
23:30
11:00 -
23:30
11:00 -
23:30
11:00 -
00:30
11:00 -
00:30
-
00:30
11:00 -
00:00

Annual Rent £
37,543
Estimated Tenants Annual Operating Profit £
39,542
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
501,653
Estimated Annual Barrelage
197
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
7,395
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,600
Deposit Amount £
9,386
Rent in Advance £
722
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
295
Premises Licence Fee £
50
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
27,828
Estimated Minimum Ingoing Costs £
14,176
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,754
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** 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

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