The George & Dragon is an imposing, three storey Grade II listed pub in the attractive village of Alrewas. It is a community local pub with a food offer and heaps of potential. It has recently been lowered in rent with a planned investment to be completed shortly.
The main bar area is split into three distinct cosy sections, with a separate lounge/dining area. The pub also benefits from three double letting rooms with shared bathroom. There is a small function room, a games area, a large car park and a beer garden/patio area. With beams, open fires and lots of nooks and crannies, this pub has a traditional feel about it.
The private accommodation consists of three bedrooms, a lounge, a bathroom and a kitchen.
The George & Dragon is based beside the River Trent in the beautiful village of Alrewas, which has lots of historical charm and thatched cottages. It is close to affluent towns such as Lichfield, Wychnor, Barton Under Needwood, Fradley, Kings Bromley and Yoxall. It is only one mile from the National Memorial Arboretum.
The pub currently attracts local residents and tourists and is a well-known water hole. It also sponsors a local football team. The customer base could be built on by offering a locally sourced food menu and more cask ales, and by better marketing the business.
Currently trading at approximately £5,000 per week, there is the potential for this site to trade at double this figure if all opportunities to grow the business were capitalised upon.
Barrelage Discount £65
Fair Maintainable Turnover* £440,000
Ingoing Total Costs:
Working Capital: £10,000
Training Fee: £550 +VAT
Security Deposit: £8,500
Stock and Glassware: £1,000
Service Charge: £1,350
Decorating Fund: £2,000
*Figures taken from Marston's rent assessment
Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
**The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
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