Red Lion
Abingdon Road, Drayton, Abingdon, Oxfordshire, OX14 4JB
GREAT COMMUNITY OPPORTUNITY AVAILABLE
The Red Lion is a road side pub in the village of Drayton. We are looking for the right operator to re-launch this site by offering a fresh and varied menu with good quality standards to bring the pub back into focus for local residents and destination customers. Currently 100% wet led, by offering themed events and a solid food menu supported by a good drinks selection, this pub has lots to offer both inside and out and now is your chance to develop this as your own.
Bar
Childplay areas
Function rooms
Garden
Kitchen
Patio
Location
Drayton is a beautiful semi-rural Oxfordshire village situated a couple of miles south of Abingdon, within easy reach of the A34. It was part of Berkshire until the 1974 boundary changes transferred it to Oxfordshire. Drayton village is Saxon in origin and has a wealth of history to explore.
Business Information
Annual rent
£29,500
Weekly rent
£567
Entry costs
£29,875
Turnover royalty
n/a
Forecasted Operator Turnover
£417,465
Forecasted Operator Profit (inc machine profit)
£32,160
Forecasted Operator Machine Profit
£3,400
Average Beer & Cider Discount*
£126
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£29,500 per annum) takes into consideration a machines supply concession. The annual rent will be £33,000 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £29,875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £15,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.
Deposit
£8,250
Fixtures & Fittings
£3,750
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£15,000
Other Costs
£1,150
Total Entry Costs
£29,875
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 and 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) |
|---|---|---|---|
| 2022 | 160 | 980 | 3,562 |
| 2021 | 133 | 982 | 2,776 |
| 2020 | 125 | 801 | 2,710 |
One bar with games area, fixed seating and separate dining room, perfect for functions and events.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
50
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
1
Function Rooms
1
Customer Car Park Spaces
30
Current Premises Licence Opening Hours
Sun -Thurs 10:00 - 00:30
Fri & Sat 10:00 - 01:30
The accommodation consists of a lounge, three double bedrooms, a domestic kitchen, bathroom and toilet.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
0
Bedsits
0
I am looking for someone with energy and enthusiasm to take this business forward and forge their own identity, concepts and offering within the Red Lion. The business will suit any type of operator, experienced or new to the trade, ideally a couple or partnership with one front of house and the other managing the commercial kitchen. The site would be great to hold team events and activities, utilising the huge garden space to the rear, offering quality drinks with the added opportunity to create a bespoke food offer.
Wayne Farrell, Business Development Manager
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