The White Lion is a perfect pub for a new starter or an experienced publican. Based in the hub of North Devon's town of Braunton, it is surrounded by a small boutique shops and pubs. The White Lion is decorated traditionally throughout and there is a large function room upstairs with a separate bar. The function room can be used as a sports bar or a place to host quizzes and other private functions. The beer garden is a definite unique selling point for the White Lion, it is a secret rooftop terrace garden with a terrace and lawn and a barbeque area as there are only a handful of beer gardens in Braunton.
The domestic accommodation comprises of two double bedrooms and a family sized bathroom. However there are two other rooms upstairs which could be used as bedrooms, store rooms or office space.
Forecast Turnover: £406,825.00
Year 1 Rent: £0.00
Guide Rent: £12,000.00
Initial Deposit: £0.00
Full Deposit: £3,000.00
Full Tie Release: £0.00
Agreement Fee: £775.00
Repair Fund: £0.00
Fixtures & Fittings: £0.00
Working Capital: £10,000.00
Stock & Glassware: £3,000.00
Cash Float: £1,000.00
Turnover Rent: £0.00
Turnover Rent %: £0.00
Forecast Wet Turnover: £344,425.56
Forecast Dry Turnover: £62,400.00
Forecast Other Turnover: £2,500.00
This is a fantastic traditional pub located in the heart of Braunton. During the winter months, the pub is extremely popular with the village locals and passing trade and in the summer there is a large influx of tourists to the area. There is the potential to put Sky Sports and TNT into this site; therefore I am looking for a highly motivated new or experienced publican looking for a new business venture.
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Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
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