Red Cow

59-60 High Street, Market Harborough, Leicestershire, LE16 7AF

FREE OF TIE OPTION AVAILABLE

The Red Cow is a small, traditional wet led High Street Pub, in the Leicestershire town of Market Harborough. The site has struggled to stand out from the crowd in the town with large amounts of competition locally and we are now offering a free of tie option, to enable a new operator to create a unique niche business. The free of tie offer will give you total flexibility on product choice helping you to stand out from the crowd. The site has an excellent location with high footfall at all times of the day. This is a unique opportunity to create a new, fresh offer, in a quirky building in a great location.

Location

Market Harborough is a market town in Leicestershire, in the far southeast of the county. The town was formerly at a crossroads for both road and rail; however the A6 now bypasses the town to the east and the A14 which carries east-west traffic is six miles to the south. Market Harborough railway station is served by East Midlands Railway services on the Midland Main Line with direct services north to Leicester, Nottingham, Derby and Sheffield and south to London St Pancras.

Business Information

Annual rent

£20,000

Weekly rent

£385

Entry costs

£13,400

Turnover royalty

n/a

Forecasted Operator Turnover

£174,760

Forecasted Operator Profit (inc machine profit)

£19,852

Forecasted Operator Machine Profit

£3,400

Average Beer & Cider Discount*

£0

Type of Tie

Free of Tie: All products

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation. Machines income retained by licensee

Entry costs approximately £13,400.00, 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 £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)
2020 60 266 860
2019 132 740 1,641
2018 142 487 2,312

There is one main bar, ideal for 'beer and banter' with two sets of fixed seating and a range of tables with seating. There is also a rear snug area seating around six people. Outside, there is a small yard offering partial cover for smokers.

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

0

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun-Thu: 09.00 - 00.30
Fri-Sat: 09.00 - 01.30

The accommodation is in fair condition, offering two bedrooms, kitchen, lounge and bathroom

Private Rooms

5

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator to re-establish this High Street business and differentiate itself from the competition. This is a small Pub so a niche offer will be needed and the free of tie option we are offering could be the vehicle to create this. This business could be perfect for an experienced couple seeking a lifestyle business. Please contact the recruitment team for further information.

Asa Charlton,

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