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This beautiful village pub oozes with traditional charm and benefits from a decent footprint with a double-sided wood burner and exposed wooden beams throughout the trade areas. There is a welcoming bar area as you enter the pub and you the have a snug area to the left for drinking and dining and to the right of the bar is another large restaurant area.
The site has recently had a new external signage scheme installed and some new internal decorations and upgrades. The pub has a very large rear garden with a large covered upper garden structure suitable for hosting outdoor events as well as lots of room for plenty of outdoor seating to take advantage of the garden. There is a well-equipped kitchen to support a strong food led business that this site needs to focus on to take it to the next level. The pub is well supported by the local village but also benefits from significant destination dining guests due to its location in the beautiful countryside and pulls from further afield and surrounding villages. There is a good size car park to the rear of the pub.
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The site has a well-appointed private flat above the premises. It has two bedrooms. Lounge, kitchen, and bathroom.
Forecast Turnover: £427,752.67
Year 1 Rent: £0.00
Guide Rent: £30,000.00
Initial Deposit: £0.00
Full Deposit: £7,500.00
Full Tie Release: £34,000.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £10,000.00
Working Capital: £15,900.00
Stock & Glassware: £3,500.00
Cash Float: £1,500.00
Forecast Wet Turnover: £258,704.42
Forecast Dry Turnover: £169,048.25
Forecast Other Turnover: £0.00
The pub provides a fantastic opportunity for an experienced publican, preferable with a with a history of operating a food led business 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 dining pub for customers to visit to continue experiencing.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
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.
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