Red Lion
2-6 Tolbooth Street, Forres, IV36 1PH
The Red Lion is a well established business offering the right person the chance to continue to develop and grow both the food and drink potential of this site.
This well-known local town pub has a great reputation for offering quality products, great customer service and a warm friendly welcome. The public bar offers pool, darts and live sports making it the hub of the community, you can often find some local artists playing live music in the bar or the lounge. The lounge bar has a more relaxing atmosphere providing a substantial food offer with a great mix of cask ale, premium lagers, wine and whisky. There is a log burner in the lounge which is a real treat during those cold wintery months. The site offers some fantastic locally sourced fish and meats dishes, with a great reputation for the quality, service and value for money which makes customer come back again and recommend to others. The site would suit an operator with experience of pub food, a creative side to introduce new deals and events to maximise sales and retain the pubs reputation.
Dining areas
Patio
Location
Business Information
Annual rent
£30,000
Weekly rent
£577
Entry costs
£6,400
Turnover royalty
n/a
Forecasted Operator Turnover
£405,823
Forecasted Operator Profit (inc machine profit)
£31,635
Forecasted Operator Machine Profit
£1,500
Average Beer & Cider Discount*
£108
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.
Entry costs approximately £6,400.00, 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 £2,000. Fixtures and Fitting will be rented with weekly payments made. Fixtures and fittings will be rented with weekly payments made
Deposit
£2,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£2,000
Other Costs
£1,150
Total Entry Costs
£6,400
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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2019/20 | 172 | 11 | 2,556 |
| 2018/19 | 208 | 118 | 3,046 |
| 2017/18 | 220 | 1,278 | 3,046 |
The main bar area has a pool table, dart board and shows live sport. There is also a jukebox and a number of gaming machines. The pub boasts an external courtyard, which is licenced and can accommodate up to 30 people, off the main bar. There is a fully fitted kitchen providing a substantial food offer to the lounge bar/restaurant.
Trade Bars
Yes
Trade Dining Areas
Yes
Trade Kitchens
No
Trade Food Covers
50
Trade Gardens
No
Trade Patio Areas
Yes
Trade Rooms to Let
0
Meeting Rooms
No
External Child Play Areas
No
Function Rooms
No
Customer Car Park Spaces
0
Current Premises License Opening Hours
Sun - Thu: 11:00 - 00:30
Fri - Sat: 11:00 - 01:30
There is ample living accommodation on site with two double bedrooms and two single bedrooms. There is plenty of unused space that has various storage and office space that could become more living or potentially letting rooms.
Private Rooms
9
Lounge
Yes
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
2
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
This well-known traditional pub offers great food in the lounge/restaurant with quality cask ales and wines. The "Beastie Bar" offers everything a bar should, with live sports on TV, a pool table and darts. This site has a reputation for providing a quality offer with a high standard of customer service which continue to drive both wet and dry sales and profit. We are looking for an operator with experience of pub food and also knowledge to plan for key events to drive sales and profit.
Billy Guthrie, Business Development Manager
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