Red Lion
Red Lion Street, Chesham, Buckinghamshire, HP5 1ET
NEST PUB FRANCHISE - REFURBISHMENT PLANNED
The Red Lion, Chesham is a wet led pub which will be offered for re let under our new style Nest franchise agreement. The pub will be refurbished, which will transform the pub and bring it to modern standards. Nest Pubs offer a basic food offer of Pizza (and other handheld food items) and operates at the heart of the community. The pub will be an ideal meeting place for locals, couples, and families, who can expect to enjoy live sport and live music within the pub. There will also be pool and darts on offer and participation in local competitions will be encouraged.
Bar
Garden
Kitchen
Patio
Location
The Red Lion lies in a dominant roadside position on the edge of Chesham town centre. Chesham is a market town and civil parish in Buckinghamshire. It is 11 miles south-east of the county town of Aylesbury and 25.8 miles north-west of Charing Cross and is part of the London commuter belt. It is in the Chess Valley and surrounded by farmland. The earliest records of Chesham as a settlement are from the second half of the 10th century, although there is archaeological evidence of people in this area from around 8000 BC. Henry III granted the town a royal charter for a weekly market in 1257. Chesham is known for its four Bs — boots, beer, brushes and Baptists.
Business Information
Annual rent
n/a
Weekly rent
n/a
Entry costs
£5,000
Turnover royalty
n/a
Forecasted Operator Turnover
£430,000
Forecasted Operator Profit (inc machine profit)
£30,000
Agreement
Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £3,000 entry fee (plus £2,000 working capital) and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. In addition, you'll be paid 20% of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses and 8% share of profit are available based on business performance and standards audits. Private accommodation is provided where available.
Entry cost of £3000 is payable on change day. This includes legal fees and start up training costs. An extra £2000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Deposit
N/A
Fixtures & Fittings
N/A
Legal Admin Fee
N/A
Broker Fee
N/A
Stocktaking Fee
N/A
Working Capital
£2,000
Other Costs
£3,000
Total Entry Costs
£5,000
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 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 258 | 0 | 4,342 |
| 2022 | 262 | 0 | 4,430 |
| 2021 | 168 | 0 | 3,069 |
The trade space will be refurbished in full and is large in size.
Trade Bars
1
Trade Dining Areas
0
Trade Kitchens
1
Trade Food Covers
0
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
12
Current Premises Licence Opening Hours
Sun-Wed: 10:00-01:00
Thu-Sat: 10:00-02:00
The accommodation comprises 3 bedrooms, kitchen lounge, bathroom, WC, and office
Private Rooms
9
Lounge
1
Dining Rooms
1
Double Bedrooms
2
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
I am seeking an experienced couple or individual with pub management experience who can meet our applicant profile and effectively deliver the offer within our franchise agreement. The Nest Pub Franchise Agreement allows those with the relevant experience to launch their own business, with low in going costs. If you feel this may suit you, then please contact the recruitment team for further information
Alexandro De Araujo, Business Development Manager
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