Red Lion

FindMyPub.com
Catering Kitchen

The Red Lion is extremely welcoming. It appeals both to locals/regulars and visitors from the immediate village and surrounding areas.

Currently, the Red Lion is trading as a village pub with a broad customer base, and there is an opportunity to develop the food operation further.

This pub could be right for either an experienced operator or a talented first-time tenant. Applicants must have or be able to apply for a Personal Licence.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please be aware energy performance certificates are available from the landlord.

REDUCED RENT

Rent - Reduced rent in year 1 £30,000 and year 2 £35,000, year 3 turnover based rent 9%. Payable weekly in arrears by direct debit.

Estimated Minimum Ingoings - Circa £15,710 to include a security deposit (3 months of base rent), rent, service charge, insurance advance, stock, glassware, loose goods, and training contribution.

Additional Ingoings:

Fixtures & Fittings are circa £13,710 plus VAT

Working Capital is circa £4,800

Rateable Value: Draft 2017 figure £22,200. Please contact the local authority to find out the actual rates payable.

Five-year tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment, etc. There is a full wet tie unless otherwise agreed.