under offer
under offer
tenancy
1 High Street, Branston, Lincoln, Lincolnshire LN4 1PB, UK
Approx. Total Ingoings
£10,000Annual Rent
£24,000The Waggon & Horses is a charming two-room local with a homely and welcoming atmosphere. The pub is ideally located on a busy main road to Lincoln City only four miles away. The pub comprises a spacious lounge, a single bar and a compact but well equipped catering kitchen. The pub has been retained on a long-term lease and has been well looked after by the out-going publicans. The décor throughout is traditional, light and features an log burning stove surrounded by a mixture of loose and fixed seating for up to 40 covers. The Red Arrows will soon be relocating to Waddington just four miles away from this pub which creates a great opportunity to attract additional camp trade.
Private Accommodation: The private accommodation comprises a compact flat. Previously, two rooms have been used for letting rooms and have en-suites fitted. There is also a lounge, kitchen and bathroom.
Indoor trading area
The internal area of the pub is spacious and comprises a mixture of loose and fixed comfy seating. The pub features mock brick wall interior along with exposed ceiling beams for a modern, yet quaint feel. The pub comprises up to 40 covers but has more room for standing near to the bar area (under non-Covid times). There are quirky features throughout the pub which reflects the pubs character and audience. There is a small catering kitchen available accessible from the lounge bar area.
Outdoor trading area
The pub has a small patio area to the front with wooden benches for al-fresco style dining and drinking in the warmer months, a covered smoking shelter and there is a small car park to the side.
Regional Manager Comments
The pub has been successfully run for a long time within the most recent lease and is well known for its popular food offering. I feel there is potential to attract more of the local drinking clientele whilst still maintaining a robust food offer to attract the passing or village trade. The Waggon & Horses would suit first time publicans, or a couple who have a strong catering background.
Retail Partnership Tenancy
Live Music Private Accommodation Kitchen Parking Cask Ale Live Sports
Approx. Total Ingoings
£10,000
Annual Rent
£24,000
Potential Turnover: £253,000 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: £24,000 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: £10,000 (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: £15,000 (excl VAT)
To be discussed with the Regional Manager.
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