23 Wragby Road, Lincoln, Lincolnshire, LN2 5SH
Excellent opportunity to take over a well-established business, The Peacock Inn has an established consumer base with an opportunity to grow sales. The site currently offers many reasons to visit, including grabbing a drink or something to eat in the newly created beer garden and patio.
Sitting right in the heart of the historic city of Lincoln, The Peacock Inn can attract a wide range of clientele. There is currently a diverse food offer with something for everyone including a great student based deal menu. A range of cask ales available on a rotational basis and a selection of fine wines make the Peacock Inn the perfect place for drinks. There is also a strong following for sports coverage and even the offering to partake in some more traditional pub games, ranging from dominoes to cribbage.
A 2 room operation that clearly defines areas for drinking and dining and an attractive external drinking area. The site has parking for 8 cars.
|Car park spaces||20|
The private accommodation has 3 bedrooms and is in good condition.
|Annual rent||£41,500 per annum|
|Weekly rent||£798.08 per week fixed|
£41,500.00 per annum, £798.08 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £24,650 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). **Fixtures and fittings are yet to be valued**
|Fixtures & fittings||£0||Working capital||£15,000|
|Other costs||£2,000||Total entry cost||£24,650|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•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)|
The Peacock Inn benefits from a prominent position at the hub of the city of Lincoln, close to the historic Cathedral area.
Lincoln is a cathedral city and county town of Lincolnshire. There are over 97,00 people within a 3 mile radius of the site. The city is also home to the University of Lincoln and Bishop Grosseteste University, contributing a strong student population to potential business.