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George Inn, Walton on Thames

Bridge Street, Walton-on-Thames, Surrey, KT12 1AH

The George Inn is a classic example of a true wet led, community pub set on the outskirts of Walton-On-Thames in Surrey.

Key features

  • Well established community wet led pub
  • Great prominent location
  • Open plan trade area with feature bar servery
  • Courtyard garden
  • Small trade kitchenette 
  • Good sized & well kept private accommodation

Floorplan

THE GEORGE

You will find the George Inn located in a  prominent corner plot, between Bridge Street and Thames Street, on the outskirts of Walton on Thames, Surrey.

The George Inn is a classic example of a true wet led, community pub that has enjoyed a loyal and local customer following since it first opened in 1888.

It is currently home to a great range of real ales and the addition of televised BT Sport and a mixed darts team makes the George           popular amongst the sports loving customers locally. Live music is on offer every two weeks offering a great range of genres to suit all tastes and a monthly pub quiz has been recently introduced.

Internally you will find an open plan trade area with a feature bar servery and there is a small kitchenette available. A very simple and limited food offer is available Tuesday to Friday lunchtimes and the home-cooked Sunday lunches are becoming increasingly popular each week.

To the back of the pub you will also find a small courtyard garden area which proves popular in the warmer weather.

The George is now looking for a new tenant that loves to be at the heart of a great local community and who enjoys running a wet led operation. It has the potential to suit both experienced operators or those looking for their first tenancy and challenge.

Please contact us for more information or to arrange a formal viewing on 01795 542132.

BAR 

Open plan trade area with a feature bar servery

KITCHEN & DINING 

Small trade kitchenette

OUTDOOR & PARKING 

Small enclosed court yard garden to the rear of the property.

PRIVATE ACCOMMODATION 

Private accommodation includes 2 double bedrooms, 1 single bedroom, large lounge, bathroom and separate WC

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£12000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£3000
Working capital£4000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£26500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£14500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£22100£22828£23660
Per week£425£439£455

Council tax

Band B

Non Domestic Business Rates

RATEABLE VALUE - £11,800

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £0

  • As at the time of publishing, the estimated rates payable, are based upon the assumption that the tenant occupies the maximum of one pub and therefore qualifies for small business rates relief
  • We have also applied the relevant multipliers and estimated transitional relief where applicable
  • Retail relief has been applied to all pubs with a rateable value of £51,000 or less. This entitles the occupier to a third reduction in rates payable after all other reliefs and will run for the 2019/20 and 2020/21 rating years. This is an assumption that should be confirmed with the local authority
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new  tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

 

Trading information

Trade

Year ending 30 June

2016 2017 2018 2019 (Jun 18 - Jan 19)
All beer and cider
Barrels
86 29 103 60
Wine
Gallons
59 20 245 147
PPS
Gallons

Premium packaged spirits (eg WKD)
0 0 0 0
Traditional Spirits
Gallons
22 2 46 33
Minerals
Ready to drink litres
1290 509 1865 970

Estimated food turnover

£150 per week approximately 

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Thursday - 10:00 - 00:30
Friday - Saturday - 10.00 - 01.30

Open to the public

Sunday - Thursday - 10:00 - 00:30
Friday - Saturday - 10:00 - 01:30

Live music

Sunday - Saturday - 10.00 - 23.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a three year rent review
  • This agreement is covered by the ‘Landlord & Tenant Act’
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page