Gallery View
Key Highlights
- Prominent location in the centre of Brackley, opposite the historic town hall
- Courtyard area to side of the pub for outside drinking and dining
- Good sized catering kitchen
- Large garden area to rear with plenty of storage
- Function room to rear
Pub Overview
The Red Lion is an attractive pub in the centre of town which is capable of all day trading, there is potential for building on the lunch and evening trade, for locals and passing footfall. The pub is currenlty very popular for late night trade at the weekends with music and bands.
Suitable Applicants
The Red Lion would suit operators committed to providing great hospitality, with a desire to engage with the local community and visitors alike, and build on the food offer to maximise the pub potential.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
Security Deposit Paid in advance to Wells & Co. Ltd, held to cover credit and rental charges. Returnable at the end of the agreement. |
£10,000 |
|
Administration Fee Payable to Wells & Co. Ltd in advance, to cover e.g. premises license changes, solicitors fees, and agreement. |
£450 |
|
Minimum Working Capital Required Minimum working capital required |
£5,000 |
|
Stock and Glassware Paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£5,000 |
|
Valuers Fees (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent One week rent in advance |
£0 |
|
F&F Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. |
£6,000 |
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£20,450 |
Ongoing Costs
|
Service Charge Includes: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£86 p/w |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£99 p/w |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£30 p/w |
|
Rent In the region of (payable weekly in advance) |
£423 p/w |
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.
Downloads
Business BrochurePub Details
11 Market Place, Brackley, Northamptonshire, NN13 7AB
Town centre – chameleon
Total Investment
20k - 30k
Could this be the pub for you?
Call to enquiry on 01234-244453
