tenancy
271 Lincoln Road, North Hykeham, Lincoln, Lincolnshire LN6 8NH, UK
Approx. Total Ingoings
£9,500Annual Rent
£20,000The Harrows Inn is a fantastic pub located in North Hykeham, southwest of Lincoln town centre. The pub benefits from local residents and shoppers passing on their way in and out of the town centre who visit for the value drinks offer and frequent entertainment including pub games and live sport. There is a fully equipped trade kitchen which the new publican could look to utilise by introducing a quality pub food offer driving additional trade and maximising revenue. As well as an extensive internal area there is a beer garden with picnic seating and large carpark located to the rear, providing plenty of seating and car parking spaces to guests. The ideal applicant would be experienced and have a good knowledge of how to create a weekly ‘what’s on’ schedule to drive sales, whilst embracing the local community and enhancing the overall retail offer.
Private Accommodation: The private accommdoation comprises of two double bedrooms, a lounge, kitchen and bathroom.
Indoor trading area
The Harrows Inn is a medium sized detached property, comprising a two-bar operation which can seat a comfortable 50 covers across a mix of both loose and fixed furniture. The décor is traditional throughout and would definitely benefit from a personal touch to suit the incoming publican’s taste. The trade kitchen is equipped for a hot and cold, value-led snacks orientated menu. To drive trade there is great potential to host darts and pool teams and live entertainment has proven popular in the past. In addition, large television screens can host live sport.
Outdoor trading area
There is a delightful outside area with picnic style seating for guests to use for alfresco dining. In addition, there is an onsite car park offering approximately 12 spaces for vehicles.
Regional Manager Comments
The Harrows Inn is a fantastic pub which offers an experienced publican a great opportunity to run a community pub with an established trade. The current clientele enjoys value drinks with live sport and a varied entertainment schedule. There is the potential to develop a good pub food offer which would help to draw in additional trade, driving footfall throughout the week.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Live Sports
Approx. Total Ingoings
£9,500
Annual Rent
£20,000
Potential Turnover: £219,000 per annum
This is an 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.
Guide Rent: £20,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They 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: £9,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, 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 and Fittings Value: £16,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
