Beautiful, traditional thatched English pub
Great location in the heart of an affluent village
Highly visible from the A428 main road between Bedford and Northampton
Ideal for operator(s) with a passion for great food
Payment plan available for fixtures and fittings
The Red Lion has been described more than once as being ‘the perfect country pub’ and following a visit to this Northamptonshire gem it’s hard to argue otherwise. Its clean yet rustic bar, thoughtful drinks selection and highly regarded food menu all contribute to its well-earned regional reputation. Following an extensive refurbishment in 2016, the pub has everything it needs to maintain its consistently bustling trade well into the future under the right operator.
The Red Lion boasts a traditional bar area to the front, a good-sized lounge bar, a restaurant with 32 covers and a delightful ‘snug’ dining room with an additional 8 covers, not to mention a beautifully-presented beer garden and ample parking. Bespoke events are a highlight: one-off menus, drinks pairings and a beautiful space in which to host combine to offer the chance to create a really special night.
Operators suitable for The Red Lion will have proven experience in operating a quality food-led business. Maintaining the pub’s warm and friendly atmosphere will be key, as will a passion for first-class customer service and a desire to maintain The Red Lion’s enviable position at the heart of its local community. Sound marketing skills will be equally important in attracting visitors from further afield.
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.||£25,200|
|Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement.||£9,000|
|Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.||£4,500|
|Valuers Fees In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required||£800|
|Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people||£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||£400|
|Advance Rent In the region of (usually 1 month)||£3,000|
|Working Capital Minimum working capital required||£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.||£35,000|
|Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)||£2,915|
|Accountancy Services fees for a nominated accountant||£2,600|
|Stocktaking Services We recommend all licensees should have six professional stocktakes per annum||£1,600|
|Rent In the region of (payable monthly in advance)||£36,000|
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team