Gallery View
Key Highlights
• Prominent location in centre of Brackley close to historic town hall
• Courtyard area to side of the pub for outside drinking and dining
• Good sized catering kitchen, with plenty of storage capacity
• Offered with one months free from commercial rent
• Private garden area to rear with plenty of storage
• BII Membership
Pub Overview
With a historically strong level of trade established by its previous operators, The Red Lion presents an enticing opportunity to take on a popular community-focused local pub. Located in the centre of Brackley, within easy reach of the town's sizeable population, The Red Lion occupies a a prime roadside location that makes it an instant draw for both locals and visitors to the area.
Suitable Applicants
The Red Lion would suit operators committed to providing great hospitality, with a desire to engage with their local community, enhance the pub’s food offer and build upon its already strong reputation for community activity. Financial know-how is required to maximise the pub’s profit potential, as is marketing experience in order to promote the Red Lion's events programme to the wider area.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
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APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£25,500 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required together with a personal guarantee for all directors. |
£6,500 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£5,000 |
|
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) |
£2,292 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Fixtures and Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. |
£20,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
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Food Sales |
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Room Sales |
|
|
Gaming Machines |
Ongoing Costs
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Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£4,349 |
|
Accountancy Services fees for a nominated accountant |
£3.168 |
|
Stocktaking Services Six professional stocktakes per annum |
£1,356 |
|
Rent In the region of (payable monthly in advance) |
£27,500 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
