The Red Lion, Wilstead
Two Months Rent Free Offered

The Red Lion, Wilstead

  • The Red Lion, Wilstead gallery image
  • The Red Lion, Wilstead gallery image
  • The Red Lion, Wilstead gallery image
  • The Red Lion, Wilstead gallery image
  • The Red Lion, Wilstead gallery image
  • The Red Lion, Wilstead gallery image
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Key Highlights

  • Profit potential in the region of £24,000 per year
  • Two-bar operation offering both traditional pub games and a cosy dining experience
  • Enclosed secure garden and ample parking
  • Stunning living accommodation
  • Two months rent free, with payment plan available for fixtures and fittings

Pub Overview

The heart and soul of the charming Bedfordshire village of Wilstead, the Red Lion is renowned locally for its welcoming, family-friendly atmosphere, quality traditional food offer and great beer selection. Private functions are frequently catered for, and the pub’s busy social calendar offers something to suit all interests.

The pub functions as a social hub for sports fans, team events, charity festivals and weekly entertainment; two centrally-serviced bars and two gardens lend the site real versatility, with ample parking for all. Whether looking to enjoy a televised sporting event with kindred spirits, or a relaxing family meal in a homely environment, the Red Lion has something to offer all comers.

Suitable Applicants

The Red Lion would suit an experienced, community-focused operator with the drive to maintain the pub’s current high level of footfall via an extensive weekly activity programme. Strong commercial and financial skills must complement a commitment to providing fantastic hospitality; catering know-how would also be advantageous.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

Security Deposit in the region of
(paid in advance to Charles Wells Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company

£7,000

 

Fixtures and Fittings 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. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid.

£20,000

Stock and Glassware in the region of
(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.

£3,000

Valuers Fees in the region of
(paid to valuer) for valuing fixtures and fittings.

£800

Training Course Fees per person
(payable to Charles Wells Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

£550

Administration Fee in the region of
(payable to Charles Wells Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.

£400

Advance Rent in the region of
(usually 1 month)   

£0

Minimum Working Capital Required 

£6,000

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£17,750

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£24,000 pa

Service Charge in the region of
Payable `onthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£1,820 pa

Accountancy Services in the region of
fees for a nominated accountant

£2,600 pa

Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum

£1,560 pa

Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Wilstead Bedford Road, Wilstead, Bedfordshire, MK45 3HN
Destination community food
Total Investment 15k - 20k
Potential Partner Profit 24k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team