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Pub for sale

64 Watling Street - LU6

£137,000

Property Description

Commercial information

  • Business for sale

Key features

  • Award winning pub and restaurant, prominent and highly visible roadside setting
  • Income £10,000 - £12,000 per week with genuine potential to increase
  • Large beer garden and ample parking
  • Refurbished to a high standard throughout, viewing recommended

Full description

Tenure: Leasehold

DESCRIPTION
The White Lion at Dunstable is a well renowned destination pub and restaurant, which is located on the outskirts of Dunstable, Bedfordshire. Dunstable is a market town and lies close to the Chiltern Hills approx. 30 miles north of London via the M1. Dunstable is the largest settlement in Central Bedfordshire and the third largest in the county of Bedfordshire.

The business was purchased by our client in 2010 who has changed the complete dynamics on the business, having completely refurbished the property before opening. Since 2010, The White Lion has gained a very loyal customer base and has won awards for Gastro Pub of the Year in 2015, along with Hospitality Venue of the Year in 2013, such is the reputation of the food and customer service.

The business continues to grow new custom with various clubs and themed nights which take place on a weekly and monthly basis, with the Chefs Table being the most popular monthly event which is booked up many months in advance.

The area surrounding The White Lion is a well populated residential area, along with limited competition from other licensed premises in general. The general location provides passing trade during the day and has become a ‘destination’ venue during the evenings and weekends, having gained a reputation for being able to cater for large parties within the main seating area.

The White Lion has an excellent reputation not only locally, but also further afield given the easy access from the M1, A505 and the A5 which will benefit from a new dedicated road junction linking the A6 and M1. In addition to this we have been advised there are approx. 7,000 new homes being built in the region by 2020.

The business can seat approx. 90 covers internally at any time with a reputation for being family friendly. The beer garden provides an ideal place to enjoy a drink or meal with a small play frame for children to enjoy. The menu is varied and caters for most tastes with most ingredients sourced local

Sales
Current sales average £10,000 - £12,000 per week with high gross profit margins.

ACCOUNTS
Current records and accounts can be inspected after viewing by genuinely interested parties.



TRADING HOURS
Monday — Saturday 11:00 — 23:00
Sunday 09:30 — 18:00



STAFF
The business is family run along with 2 full times chefs plus additional full and part time members of staff. The front of house and head chef are currently positions held by the owner and owner’s daughter.

Building External
The business operates from a highly visible, substantial detached two storey property with excellent signage and car parking for approx. 60 cars for both staff and customers.

KITCHEN
The large, fully commercial kitchen fitted to a high standard with numerous stainless prep tables, excellent extraction facilities, a 6 burner hob, a griddle and a turbo fan oven.

To the rear of the kitchen is a large store room for dry goods, along with a walk in fridge and freezer.


BUILDING INTERNAL
The restaurant area is mainly open plan with a wonderful, light and airy feel providing a total of 90 covers on traditional tables and chairs, along with window seats and sofa’s.

The well-designed bar area has bespoke wood panelling, storage and display shelving for wines and spirits along with inset lighting.

A raised and separate dining area is also available for private hire and has been used by a number of large groups, such as wedding anniversaries and special birthday parties. As previously mentioned, the business underwent a complete refurbishment and refit programme before opening in 2010 and still offers good quality fixtures and fittings throughout, as well as being presented in excellent condition.

EXTERNAL
There is a superb beer garden with a large patio area and pergola providing some shade. On the patio area there is a mix of square and round tables providing seating for approx. 35. Additional seating for approx. 24 is on traditional pub benches in the main garden area, which is laid to lawn and has a small play frame for children. The garden also provides direct access to the car park.

ANCILLARY AREAS
Staff room with WC
Office
Separate access to private accommodation, car park and garden


RESIDENTIAL ACCOMMODATION
The property benefits from superb owner’s accommodation located on the second floor and consists of four bedrooms, a fitted kitchen, a living room, a bathroom and a WC.

Externally there is a private garden and separate parking.


TENURE
The business and property is held on a 10 year free of tie lease with rent reviews every 5 years with an annual rent of £60,000.


SUMMARY
A superb opportunity for a ‘hands on’ experienced licensed operator to take this business on to the next level and to further develop the customer base by taking advantage of a first class location and reputation.

An inspection is highly recommended to fully appreciate the business opportunity, overall setting and the location.


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