Sleaford, NG34 9DZ
The Red Lion is situated in the small town of Ruskington, approximately five miles from Sleaford and thirty minutes from Newark/A1 and Lincoln. It is a medium sized detached property set in its own grounds adjacent to the local shopping area. There is a significant amount of mixed housing just a short walk from the pub with the opportunity to attract diners from the nearby town of Sleaford and the surrounding hamlets. The area has schools, shops and other amenities to cater for its developing demographics.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The pub has an airy open plan L shaped trading room catered from a large bar with view to all the trading arears. The front trading area is for the more casual drinking, pool and darts with a designated dining area towards the rear. The pub is in excellent condition and has a mixture of loose and fixed seating throughout and a log burner creating a warm and welcoming atmosphere. A fully equipped catering kitchen is behind the bar. Externally at the front of the pub is a small picket fenced patio for alfresco drinking or dining, to the side and rear is a large car park. Beyond the car park to the rear of the property is a fenced off lawned rear garden with childrens play area.
The private accommodation is located on the first floor and can be accessed internally which consists of three bedrooms, a family bathroom, lounge and kitchen. The accommodation is in good order
The pub currently trades mainly as a drinks orientated operation but there is an opportunity to further develop the current food offer supplied from the fully equipped catering kitchen as the current wet/dry split is 80/20. The majority of current business comes from late afternoon and evening trade with food mainly being served at lunchtimes later in the week but there’s a great opportunity to build on the offer by opening all day every day i.e breakfasts.
There is an excellent range of keg beers, lagers & ciders with an excellent opportunity to develop a cask ale offer along with a fantastic range of wines, spirits and soft drinks. The current food offer comprises of a traditional home cooked pub food menu supplemented with sandwiches and lighter bites.
Annual Rent: £17,500
Security Deposit: £5,000
Working Capital: £5,000
Fixtures and Fittings: Upon Valuation
(funding options available for the right licensee) Tie: All drinks categories are tied.
For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £250 plus VAT
Ideally the licensee should have experience in a community focused environment with some experience of producing and delivering a reasonable hot and cold food menu. They should be familiar and skilful with modern marketing techniques as this is a small town but is surrounded by several villages. Engaging marketing is key to attracting from these communities to increase wet footfall and drive the food offer.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.