Peacock Inn

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.

Location

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.

Business Information

Annual rent

£29,500

Weekly rent

£567

Entry costs

£16,400

Turnover royalty

n/a

Forecasted Operator Turnover

£424,843

Forecasted Operator Profit (inc machine profit)

£29,585

Forecasted Operator Machine Profit

£3,000

Average Beer & Cider Discount*

Blended £72

Type of Tie

Full tie: All products

Agreement

Foundation Agreement Flexible Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approximately £16,400.00, 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 £6000.

Deposit

£6,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£8,000

Other Costs

£1,150

Total Entry Costs

£16,400

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 188 2,654 5,695
2017/18 206 2,407 5,876
2016/17 190 2,287 5,970

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 Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

50

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

20

Current Premises License Opening Hours

Mon - Thu: 05:00 - 01:30
Fri - Sat: 05:00 - 02:30
Sun: 05:00 - 00:30

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

Private Rooms

9

Lounge

Yes

Dining Rooms

1

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

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.

Sarah Adams, Business Development Manager

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