tenancy
14 High Street, Biddenden, Ashford TN27 8AH, UK
Approx. Total Ingoings
£9,950Annual Rent
£27,000The Red lion is situated in the picturesque village of Biddenden. surrounded by beautiful countryside and tourist attractions. The Red Lion has been under the same ownership for the last 35 years and due to retirement, the opportunity has come up to breathe new life into the village pub. The pub is situated just off the main road to Maidstone and is now the only pub left in the village. The building is full of character and has flexible trading spaces, consisting of two internal areas with scope for a function room, and two external outdoor areas that is extremely popular in the warmer months. Stonegate is currently looking for a publican who is able to continue the success of this wonderful pub, whilst also utilising the additional areas that are not necessarily being used to the best advantage currently.
Private Accommodation: The private accommodation is in two halves that are connected but can be accessed from two separate staircases. The space consists of four bedrooms, three of which are double, a lounge area and bathroom. The accommodation may need some updating to the publican’s taste.
Indoor trading area
The Red Lion comprises a main bar and dining area at the front of the building along with a trade kitchen and storage. The rear bar area is currently used as a pool room; however, this could easily be adapted to a seating area or small function room to add an additional revenue stream to the business. The main bar and dining area has covers for around 30 people with traditional décor throughout and stunning features such as open fireplaces, creating the perfect atmosphere in the colder months. The lower bar area currently has relaxed drinking seats which could be changed to utilise the space more, dependant on the business needs and success of the pub.
Outdoor trading area
This pub boasts two external areas with a patio at the front of the pub for around 20 covers and further garden area at the rear which could be better utilised. In addition, there is also a patch of garden which is closed off and not currently used. front patio for 20 covers. The Red Lion’s car park can be accessed from a shared driveway however, this also provides access to a couple of building across the car park. There is also a garage within the car park which is not currently used.
Regional Manager Comments
A truly lovely village pub that has been run by the same couple for the past 35 years. This is a great opportunity for an experienced operator to breathe new life into the building and develop the trade further.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£9,950
Annual Rent
£27,000
Potential Turnover: £286,000 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: £27,000 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: £9,950 (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: £8,000 (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.
