Gallery View
Key Highlights
- Stunning thatched pub in the beautiful village of East Haddon with 7 stylish letting rooms
- Separate bar and 3 separate eating areas, including attractive restaurant areas & private dining room
- Second self contained kitchen ideal for an outside catering business
- Opportunity to develope seperate cottage for holiday lets
- FMT turnover in excess of £959,000 per annum
- One month rent free, 1st year £40k, 2nd Yr 60k, leading to full rent in Yr 3
- Fixtures & Fittings available on a payment plan if required
Pub Overview
The Red Lion is an award-winning, food-led destination pub in the affluent Northamptonshire village of East Haddon, The Red Lion offers a golden opportunity for a new operator to build on an already fantastic business & capitalise upon it's extensive trading area.
Boasting seating for 84 covers, 7 letting rooms, a large garden area to the rear and car park. There is also a small patio for alfresco dining to the side of the pub, supported by a fully equipped trade kitchen and cellar. The pub’s dining credentials are clear to see, within the main bar, restaurant, and private dining room, whilst drinkers are catered for by a lounge as you first enter the premises.
Suitable Applicants
The Red Lion has much to offer experienced operators with the vision to take full advantage of its facilities, location and inviting look and feel.
Experience of operating a food-led business is essential, while the skillset to effectively market all the pub has to offer will create new opportunities for The Red Lion. The incoming operators will need strong commercial and financial skills that are complemented by a passion for providing fantastic hospitality.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£47,280 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£19,500 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£480 |
|
Working Capital Minimum working capital required |
£20,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,500 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£0 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£50,000 |
Ongoing Costs
|
Service Charge Payable weekly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, maintenance (tenancies only) & Electrical Test (tenancies |
£131 p/w |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£77 p/w |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£31 p/w |
|
Rent In the region of (payable weekly in advance) |
£1,500 p/w |
Pub Details
Is this the pub for you?
Please ring 01234-244453 to speak with our recruitment team.
