Pub in London commuter belt sold

Pub in London commuter belt sold

Specialist public house agents Sidney Phillips are proud to announce the sale of the George & Dragon, Headcorn to first-time operators.

The George & Dragon occupies a prominent position in the heart of Headcorn’s High Street, surrounded by numerous local businesses including a post office, family butchers, hairdressers as well as larger retailers such as the Factory Shop and Sainsburys. The business occupies a notable two-storey property, well known in the area and enjoys strong levels of passing trade.

The premises benefits from three well-presented trade areas, providing for 87 covers, as well as a rear trade patio and spacious five bedroom owners accommodation.

The George & Dragon was sold on behalf of long-standing owners, who over the past 32 years have created a well-known traditional town centre pub with a well-suited food offering focused on local produce.

Robert Cockayne, Regional Valuations Manager for the London & South East region handled the sale and comments, “Despite the ongoing uncertainty and ever changing restrictions currently being implemented on the hospitality sector, we are continuing to experienced strong demand for quality public house business, especially those held on free-of-tie leases such as the George & Dragon.”

The business has been purchased by first-time operators with strong family links to successful pub and hospitality businesses in the South East. There are future plans to add letting accommodation to the business, taking full advantage of the increase in staycations, as well as a children’s outside play areas to further the family-friendly feel.

Sidney Phillips sold the George & Dragon off a leasehold asking price of £95,000.

For further information about pubs for sale or how to buy a business, please contact Sidney Phillips on 01892 725900 or please click here.

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