Are you looking to lease a pub in Sandicare? ‘The Red Lion’ is available !
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Lease A Pub In Sandicare – The Red Lion Is Available !
The Red Lion is situated at the crossroads in the heart of Sandiacre, a small busy town surrounded by shops and restaurants. The Red Lion benefits from being so close to supermarkets and shops but remains in the heart of the local community, and because of the location, it is used by all age groups from daytime shoppers to the weekend night crowd.
Pub Layout
Recently renovated the Red Lion is a two-roomed operation consisting of lounge and bar which has a pool table and darts board. It has 8 TVs and a large screen.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Red Lion, Sandiacre
The Red Lion is a wet-led friendly community pub. The site has an offering of Sky Sports with all the football fixtures, horse racing, darts, and rugby. It has weekly entertainment and karaoke. It also has pub teams including darts, pool and skittles.
Private Accommodation
The private accommodation consists of five double bedrooms, kitchen, lounge, and a bathroom.
Security deposit – £2,000
This opportunity is for you to run your pub as a self-employed manager. The landlords take care of all the running costs including rates, utilities, stock and day to day running costs whilst you take home a %age of the weekly sales, you are responsible for paying all employment costs relating to your staff and any council tax for the residential quarters.
This model allows you the freedom to grow your income through increasing sales, whilst the landlords support you and keep the bills paid
No rent applicable on this agreement.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 2000
Annual Cost: 0
The Red Lion, Sandiacre
We are looking for entrepreneurial, motivated, pub-loving individuals who can run a successful business and enjoy all aspects of the hospitality industry.
