Pailton Road, Harborough Magna, Rugby, Warwickshire, CV23 0HQ
A brilliant opportunity to run your own rural food led pub.
The Old Lion is a lovely village pub which historically has a good reputation as a welcoming pub with a good food offer. The pub is finished to a high standard and is ready for a new enthusiastic operator to build the business further. The pub is currently trading very well on both food and drinks and there is an opportunity to grow more with the right operator.
There are two main distinct trading areas, as you enter there is the main bar and servery which has a mix of fixed seating and table and chairs (seating for approx. 20 covers) and a large feature fireplace to one end of the room. At the other end there is the walkway into a larger area that is the main restaurant and dining area. There are another 50 or so covers in this side and the pub also boasts a large fully equipped commerical kitchen with all the appliances needed for this food operation. Externally there is a patio to the front and car parking for 24 vehicles in marked bays.
|Car park spaces||24|
The private accommodation is arranged on the 1st floor and comprises of a landing, dining kitchen, living room, 3 bedrooms (2 double and 1 single) and a separate bathroom. There is private parking to the rear of the business.
|Annual rent||£29,600 per annum|
|Weekly rent||£569.23 per week fixed|
£29,600 per annum, £569.23 per week fixed and subject to annual RPI increase which is capped. Paid weekly by direct debit.
Approx £18,150 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *Fixtures & Fittings are still to be valued.*
|Fixtures & fittings||£0||Working capital||£5,000|
|Other costs||£4,000||Total entry cost||£18,150|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Please note this site is free of tie for wine, spirits & minerals.|
The Old Lion sits unopposed as the only pub in the attractive Warwickshire village of Harborough Magna, which itself is located approximately 5 miles North West of Rugby. The M6 motorway lies approximately 1 mile North of the village and the Oxfordshire canal 1 mile to the South.