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Old Royal George, Northallerton

Northallerton, DL7 9QS

Your investment

£12,000

Agreement Type

Long Term Agreement (5 Year Tenancy)
  • Strong Trading History
  • Opportunity To Build On Food Offer
  • 3 beautiful letting rooms

 

Located in the picturesque village of Morton On-Swale, just a short distance from Leeming Bar and Northallerton, our pub enjoys a strategic position along busy arterial routes. Morton On-Swale is a historic farming village, ensuring a steady flow of passing trade from both local commuters and visitors to the area. Within a 10-mile radius, the predominant Acorn categories are Affluent Achievers and Comfortable Communities, highlighting a demographic that appreciates quality and community. This favourable location presents an excellent opportunity to attract a diverse clientele seeking both a high-quality dining experience and a welcoming pub atmosphere.

Pub Layout

Our pub boasts a spacious open-plan main bar area, ideal for socializing and enjoying our wide range of drinks. For a more intimate experience, guests can relax in our cosy snug featuring a welcoming log burner, perfect for colder days. Both areas are served by our central bar. Additionally, we offer a large restaurant/function room, providing ample space for dining or hosting special events. Conveniently accessible from the main bar area are the well-appointed toilets, alongside a sizable catering kitchen and dry store to support our culinary offerings. Located at the rear of the property, our ground floor cellar ensures we maintain optimal beverage storage conditions, supplemented by extra dry storage for added convenience. Beyond these facilities, we are proud to offer three high-standard letting rooms with separate access via our charming beer garden, catering to guests seeking comfortable accommodation in the heart of Morton On-Swale.

Situated prominently along a main road, The Old Royal George benefits from substantial passing trade, making it an ideal stopover for camper vans, which can utilize the ample parking and enjoy the pub’s facilities. Currently, the pub is a focal point for the local community, hosting pub darts teams and offering live sports coverage via Sky TV. The pub operates with a wet to dry sales split of approximately 70:30, with its food offering centered on a well-regarded “pub favourites” menu featuring quality home-cooked dishes.

Private Accommodation

The private accommodation consists of three large bedrooms, large living room, family bathroom, kitchen and office.

Letting Rooms

The pub has three ground floor letting rooms to the rear of the business which are detached from the main building and self-contained.

https://www.tripadvisor.co.uk/Hotel_Review-g504009-d7914264-Reviews-The_Old_Royal_George-Northallerton_North_Yorkshire_England.html#/media/7914264/354623104:p/?albumid=101&type=0&category=101

Annual Rent: £20,500

Security Deposit: £3,000

Working Capital: 4,000

Stock: £5,000

Fixtures and Fittings: To be confirmed upon valuation  – funding options available for the right licensee.

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: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

We are seeking a dedicated licensee who is eager to become the cornerstone of our local community and further develop our established regular trade. The licensee should possess a strong commitment to service excellence and high standards, along with expertise in curating a home-cooked menu and maintaining a selection of quality cask ales. There is considerable potential to expand the pub’s appeal by introducing regular activities such as quiz nights and live entertainment, complementing its existing clientele.

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 *


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