George & Dragon, Hagworthingham

Hagworthingham is a quaint, historic village, surrounded by an Area of Outstanding Natural Beauty in the county of Lincolnshire. There are two main market towns close by, Horncastle and Spilsby, which are both very popular with tourists and residents. Transport links into these towns from the village are mainly via bus and are particularly frequent, following the main arterial road of the A158. This road also takes you straight to the coast and the infamous seaside town of Skegness is only 15 miles away. Horncastle and Spilsby are both fortunate to have an abundance of history surrounding them, making them interesting places to visit and spend time and Hagworthingham itself is the ideal location for walkers, ramblers and hikers to set up camp or settle down for the night.

Pub Layout

Entering the pub from the main front door in the car park, you arrive in a cosy and snug trade space and are presented with the central bar servery directly in front of you. To your right you will find mainly low level seating in a mixture of fixed and loose styles and also access to the impressive trade kitchen and doors to both the owners private accommodation and private garden. Slightly around to the right of the bar, you will find a small snug area leading onto a second more spacious trade space, again with a lovely fireplace and a mixture of fixed and loose style seating, which then in turn leads onto a set of double doors, taking you through into the conservatory which is used as additional dining space and also a function room. To the left of the front door, you will find access to an additional trade space with another open fire place and it’s own access to a bar which in previous years has also been used as a secondary function room, however, this does give access to the toilets. Outside there are plenty of options to drink and dine al fresco with lots of bench seating to the front and rear. Here you will also find the paddock with parking and electric for 7 camper vehicles as well as an additional 5 non-hook-up pitches. There is also a recently refurbished shower and facilities block for the campsite and an additional 25 car parking spaces.

The George & Dragon trades as a fantastic and well-established, village community pub with a very popular gastro pub food offer and regular activities throughout the week. Pub quizzes, raffles, occasional live music and plenty of community and charity events, really makes this venue the hub of the local area. With a varied drinks offer from standard through to premium, the George & Dragon really has something to offer everyone and the warm and welcome feel that the current tenants have created is a firm favourite with the locals and visitors. Campers return year on year to this site as it is well known for its high standards and the hospitable nature of the owners.

The George and Dragon has a fantastic reputation for being a welcoming and pleasant environment for anyone and everyone. The current licensees have worked hard to build up a great rapport with the locals as well as create amazing standards of service for visitors and tourists to the area. With a well-known and popular food offer, a great variety of drinks and a warm and friendly atmosphere, the George and Dragon is really everything you need in a proper village community pub. Quiz nights, themed food nights and occasional live music are all features that the George and Dragon offer and they are fortunate to see returning customers year on year.

Private Accommodation

The private accommodation has it’s own access and consists of three bedrooms, living room, kitchen and bathroom, all of which are in very good decorative order. There is also a private owners garden.

Premium: £100,000.00 (Offers in the Region Of)

Annual Rent: £17,000.00

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

Fixtures and Fittings: Inclusive in the Premium

Tie: Free of Tie on Wines, Spirits & Minerals

Please feel free to contact the current tenants James Rawden & Claire Plumb, to discuss the purchase of this Lease and for any further details of this site.

Tel: 07425 057045 / 07745 261965

Email: jamesrawden@gmail.com

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *