Peacock Inn

23 Wragby Road, Lincoln, Lincolnshire, LN2 5SH

Gallery

(Click to enlarge)

prev next

Pub overview

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.

Trade space
Bars 1
Car park spaces 20
Dining rooms 2
Food covers50
Gardens 1
Trade kitchens 1
Patio areas 1

The private accommodation has 3 bedrooms and is in good condition.

Private space
Private Rooms9
Lounge1
Double bedrooms3
Private Kitchen1
Bathrooms1
Toilets1
Office1

Rent information

Annual rent£41,500 per annum
Weekly rent£798.08 per week fixed
Notes

£41,500.00 per annum, £798.08 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

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**

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£0Working capital£15,000
Other costs£2,000Total entry cost£24,650

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Full Tie
•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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182062,4075,876
2016/171902,2875,970
2015/161632,3394,918
Volume notes

Location

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.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Thursday 05:00hrs to 01:30hrs Friday & Saturday 05:00hrs to 02:30hrs Sunday 05:00hrs to 00:30hrs

Contact Us

Sarah Adams

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Peacock Inn enjoys a much envied position as one of the most established licensed premises in the historic city of Lincoln and will be much sought after. Found in the Bailgate area of Lincoln, The Bailgate is one of the most historic parts of Lincoln's Cathedral Quarter, where you will find independent boutiques, shops and places to eat. The Peacock Inn attracts a mixture of residents, students and tourists visiting the area. The site offers a great cask ale range, an extensive wine offer and enjoys a established well renowned reputation for food. Recently Greene King invested in an external covered dining area and an al fresco courtyard area, which is used for eating, drinking and big cultural occasions. ”