Are you looking for pub tenancy in the Penrith area ? Why not run The Cross Keys Inn is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Cross Keys Inn 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!
Pubs Tenancy In Penrith – Run The Cross Keys Inn Now !
The Cross Keys Inn is a 16th Century Coaching Inn set in the beautiful Lune Valley. With eight lovely letting rooms, cosy log fires and the focal point of local community activity it provides a great opportunity for an experienced, enthusiastic publican. There is a separate bar, games rooms and dining area which means the pub is able to easily accommodate over 80 covers. We are looking for a publican who can draw in the locals and tourists alike, whilst extending the wonderful locally sourced food menu.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pubs Tenancy In Penrith – Run The Cross Keys Inn Now !
Indoor trading area
The low beams, feature fireplaces and exposed stone walls create a relaxed traditional décor throughout the Cross Keys Inn. With a separate bar, lounge and dining area the pub can easily accommodate over 80 covers and all are served from a centralised bar. There are six letting rooms located on the first floor and private staff quarters for three in a separate annexe.
Outdoor trading area
With bench style tables situated on the front patio, and an extensive beer garden at the rear of the pub, with a children’s play area, the Cross Keys Inn is extremely popular during the warmer months. There is a large car park which provides space for ample cars.
Your living accommodation
The spacious private accommodation comprises of a kitchen, lounge and two bedrooms.
Pubs Tenancy In Penrith – Run The Cross Keys Inn Now !
Guide Rent: £35,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND I
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
£10,750.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £35,000.00), 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
£22,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£21,500
Partnership Terms
Guide Rent: Offers Invited
The proposed agreement: Commercial Lease (Free of Tie)
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
Estimated Capital start-up
You will need to have funds available to cover stock and glassware, deposit (25% of the final rent) and other contractual charges.
Estimated fixtures & fitting value
£22,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£21,500
Pubs Tenancy In Penrith – Run The Cross Keys Inn Now !
The Cross Keys Inn has a strong reputation among locals and tourists within the Tebay area. With the Howgill Fells and River Lune close by, it has become the perfect location for those visiting nearby landmarks. The pub is extremely popular, with three sources of income in the form of a bar, dining area and letting rooms. Tourism is essential to the area, and The Cross Keys Inn benefits from the influx of people visiting nearby fairs and market shows. This is a great opportunity for an experienced publican who is looking for a destination food venue.
Philip, Regional Manager
