Are you looking for a pub tenancy in Basildon area ? If so run The Red Lion as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Red Lion is one of them and is now available via Love Your Pub!
Why not contact the team today for more information about this venue and how you can take the next step in your hospitality career!
Pub Tenancy In Basildon – The Red Lion Is Now Available !
The Red Lion is a stunning property situated in Upper Basildon. The interior has a traditional styled aesthetic creating a cosy internal trading area. The inside consists of a lounge bar area with a working Inglenook fireplace, a snug, and a restaurant with 40 plus covers. The pub contains all the facilities for a great food led business. The pub is situated within an excellent catchment area so comes with a strong customer base and an even stronger reputation. The huge external trading area is a brilliant amenity in this property, which can seat up to 100 people. Stonegate Pub Partners are seeking a publican who can maintain a strong local customer base by developing the current offerings whilst also immersing themselves within the local community.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancy In Basildon – The Red Lion Is Now Available !
The Red Lion Upper Basildon
Potential Turnover
£395,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £33,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND E
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£18,250.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £33,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£30,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£31,250
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
The Red Lion Upper Basildon
Regional Manager’s thoughts on the Red Lion
The pub provides a fantastic opportunity for an experienced publican with a history of operating to utilise the pub and extensive gardens to their full maximum. As a rural community pub, The Red Lion is in a perfect location to gain footfall from the surrounding villages and become an ideal destination for customers to visit to continue experiencing the current wet and food offerings.
Peter, Regional Manager
