Red Lion
High Street, Hucknall, Nottingham, Nottinghamshire, NG15 7AX
STARTING RENT OF £52 FOR FIRST THREE MONTHS!
The Red Lion in Hucknall is a wet only, town centre pub, which attracts regular drinkers during the day time and party seekers at the weekend. There is no commercial kitchen on site, so engaging with the community via events, live music/entertainment and TV sports and pub games need to be at the heart of the offer. The pub is believed to be the oldest in Hucknall and is a fine example of an 18th century hostelry.
Bar
Function rooms
Patio
Location
Hucknall, formerly Hucknall Torkard, is a market town in the Ashfield district of Nottinghamshire. It lies seven miles north of Nottingham. The Red Lion is a prominent High Street pub.
Business Information
Annual rent
£25,000
Weekly rent
£481
Entry costs
£13,400
Turnover royalty
n/a
Forecasted Operator Turnover
£489,233
Forecasted Operator Profit (inc machine profit)
£34,234
Forecasted Operator Machine Profit
£8,913
Average Beer & Cider Discount*
£180
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
1 Year Foundation Agreement. Machine income shared 50/50. The rent will be stepped as follows: Months 1-3 £52, Months 4-6 £5,200, Months 7-9 £10,44 Months 10-12 £20,800.
Entry costs approximately £13,400, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £6,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£6,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£13,400
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 258 | 1,216 | 5,049 |
| 2022 | 250 | 1,481 | 991 |
| 2021 | 216 | 1,101 | 855 |
There are 3 main trading rooms with a single bar. There is also a function room and a pavement licence for outdoor drinking.
Trade Bars
1
Trade Dining Areas
0
Trade Kitchens
0
Trade Food Covers
0
Trade Gardens
0
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
20
Current Premises Licence Opening Hours
Mon-Sat: 06:00-00:30
Sun: 10:00-00:00
The accommodation comprises 3 bedrooms, 2 lounges, dining room, kitchen, bathroom, toilet and office.
Private Rooms
10
Lounge
2
Dining Rooms
1
Double Bedrooms
3
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
I am looking for a strong town centre operator, who understands the day time session drinker and can move the tempo up on weekend nights. The pub requires daytime & evening activity to create compelling reasons to visit the Red Lion regularly. This opportunity might suit a first time or experienced operator, and local marketplace knowledge is essential.
Sarah Adams, Business Development Manager
Apply for this property
The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.