Green Dragon Shenfield

Shenfield Road, Brentwood, CM15 8EZ

  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield
  • Green Dragon Shenfield

Green Dragon Shenfield

Exciting Refurbishment
A thorough refurbishment will transform this 16th century gem into a go-to destination for both locals and visitors in the area. Customers will be particularly enticed by the delightful planned extension which will increase trade area and covers, creating a bright and airy space to relax in, whether it's a private party or a delicious bite to eat. This extension will make up just one of three inviting and defined zones, which will also include a snug area to watch live sports and catch up with friends, as well as an attractive central bar space.

Great Location
The pub is located in a densely populated and affluent area, with 10,000+ adults living within just one mile. Furthermore, there is limited pub competition in the area, meaning with the transformation there is real potential to become the destination local for families, couples and young professionals alike. The large car park at the pub will also attract those from further afield who are willing to travel for a quality pub which maintains its traditional values.

Fantastic Potential - With 86% ABC1s within half a mile of the pub, and 80% within 1 mile, the pub is ideally situated to accommodate a wealth of affluent customers who are looking for a more relaxed and informal pub experience than the more formal offerings currently in the area. Limited competition, quality pub food and a wide range of drinks on offer, paired with the exciting planned refurbishment, will allow The Green Dragon to cater to all customers and for all occasions. All it's missing is the right person to take it forward - could that be you?

Pub Features

  • Car Parking
  • Refurbishment Planned
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale

Trading Area & Facilities

Post-refurbishment, The Green Dragon will be transformed into a local where people will love to spend their time, offering:

"•; A traditional pub feel coupled with an updated interior to create a comfortable environment with premium design finishes.
"•; A cosy lounge area perfect for watching live sports or catching up with friends.
"•; A vast drinks range including craft beers and lagers, premium wines and spirits, and non-alcoholic beer for those who are driving. "•; A new quality food offer - including a delicious Sunday roast.
"•; A quality daytime coffee offer.
"•; The possibility for entertainment nights, such as quizzes and live music.
"•; Separate areas for customers to choose from depending on their mood.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to premises license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 23:30

Financials

Annual Rent £
65,500
Estimated Annual FMOP (Licensee Profit) £
65,376
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
798,806
Estimated Annual Barrelage
340

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
80,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
12,000
Deposit Amount £
15,625
Rent In Advance £
5,208
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
115,028
Estimated Minimum Ingoing Costs £
115,028

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,410
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased