tenancy
32 The Street, Kirby le Soken, Frinton-on-Sea, Essex CO13 0EF, UK
Approx. Total Ingoings
£21,750Annual Rent
£39,000The Red Lion is a 14th century, grade II listed pub. The pub is in excellent order, comprising two bars, a restaurant and large beer garden. The pub benefits from an abundance of local support and has a good base during the summer months, with trade coming from holiday makers and tourists. The pub isn’t short of space, character or a warm and welcoming atmosphere, which you would expect from this type of pub. The trade kitchen is well-equipped to support a good food offer that will drive the pub business forward. We are looking to for experienced, food-led publicans to build on the well-established trade and add their own stamp on the pub business.
Private Accommodation: The private accommodation comprises two bedrooms, an office which can be used as a bedroom, a bathroom, and a large lounge with kitchenette.
The Red Lion is traditional in style and packed full of character with lovely exposed wooden beams and an open fireplace. The pub has two bars which has space for up to 50 covers and a separate restaurant which can accommodate 36 covers. The pub is carpeted throughout and a there is a mix of both fixed and loose seating, all in great condition. The Red Lion offers a welcoming and warm atmosphere, which you would expect from this type of the pub. The fully equipped trade kitchen can support a good quality food offer.
The pub has a large beer garden with a decked patio area, new children’s play area and marquee for private functions. In addition, the large paved area to the front of the pub provides additional external seating. To the right of the pub is a good size car park with space for 20 vehicles.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Children's Play Area Restaurant/Food
Approx. Total Ingoings
£21,750
Annual Rent
£39,000
Potential Turnover: £477,000.00 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.
Partnership Terms
Guide Rent: £39,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND F
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: £21,750.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £39,000.00), 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: £30,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value: £41,500
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
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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.
