Pub Overview
The Red Lion is a familiar County Durham village pub on the Great North Road, with letting rooms, live sport, pub food and a large beer garden. So, what would you do with The Red Lion to make it a success?
About the area
The Red Lion is located on the A167, also known as the Great North Road, between Durham and Chester-le-Street in County Durham. Surrounded by quiet village housing and open countryside, the pub is well placed to appeal to locals, passing trade and visitors travelling through the area.
Demographics
The pub benefits from being one of three pubs found in an area of around 206 adults. The existing customer base is made up of midlife and mature adults, giving the pub a strong opportunity to build on its reputation as a welcoming local with broad appeal.
The offer
The Red Lion is a village pub with a main trading area, 120 internal covers, four letting rooms, a catering kitchen, car park and large beer garden. Our Foundation Tenancy agreement is the primary pub agreement under the Leased & Tenanted model that allows the operator to run the pub business with freedom to set the offer and be responsible for day‑to‑day operations, while rent for the premises is fixed for a five‑year term. Backed by HEINEKEN UK, all L&T agreements are tied for beer, cider, alcopops and soft drinks, but free‑of‑tie on wine and spirits. Click here to find out more about this agreement.
We anticipate the estimated turnover for this pub to be in the region of £783,820. The pub currently has a food and drinks offer, including cask ales, coffees, pub classics, popular beers, ciders, wines and spirits. The site has the ability to drive trade through live sport, live entertainment, a strong food offer, letting room stays, and making the most of the beer garden and passing trade from the A167.
We’re also really interested to hear your ideas on how you would drive trade.
Who we’re looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator will have extensive experience in a food‑led hospitality business, a clear vision for the food and drinks menu, marketing strategy and entertainment offer, and be able to create a memorable experience for customers.
Features
- Foundation Tenancy
- Letting Rooms
- Live Sports
- Catering Kitchen
- Car Park
- Outdoor Trade
Trading Area & Facilities
- Main trading area with bar
- 120 internal covers
- 20 external covers
- Catering kitchen
- Four letting rooms
- Beer garden
Private Accommodation
There is no private accommodation available at the pub.
Pub Financials
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from: £18,507 – £63,895
Estimated Annual Turnover: £783,820
Annual Rent: £60,081
Entry Costs:
- Deposit build up from 1 month rent: £15,020
- Estimated Fixtures & Fittings Value: £35,375
- Stock Valuation: £10,000
- Working Capital Required: £3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start‑up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start‑up, all applicants must have a minimum £10,000 un‑borrowed funds.
Downloads
- Demographics Report
- Energy Performance Certificate
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