Are you looking for pub tenancy in Lincoln ? Why not run ‘The Wishing Well’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Wishing Well is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pub Tenancy In Lincoln – Run The Wishing Well !
Trading Area & Facilities
The pub is a two room operation, which has a clear split in trade between community local and dining area. It was refurbished within the past couple of years and is still in brilliant condition, with a bright and fresh interior that still retains traditional charm.
There is a small patio to the front of the pub, with plenty of car parking nearby due to the pub’s location in a shopping precinct.
Private Accommodation
Private accommodation consists of two bedrooms, living room, kitchen, bathroom and small storage room.
Premises Licence Details
Please refer to Premises Licence for more information
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
7,500
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
5,687
Rent in Advance £
437
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
25,234
Estimated Minimum Ingoing Costs £
15,047
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month’s rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month’s rent will be required for operators trading under a Limited Company with no Guarantors.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,264
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
Pub Tenancy In Lincoln – Run The Wishing Well !
Experienced Local Operator Wanted
Are you a local operator who has experience running a similar pub? You will have prior experience with food and have the ability to engage with your customers through your friendly manner and social media marketing. As passion for cask ales would also be beneficial.
