Red Lion

Main Road, Margaretting, Ingatestone, Essex, CM4 0EQ

FOOD LED, VILLAGE PUB, SEEKS EXPERIENCED FOOD FOCUSED OPERATOR

The Red Lion is a beautiful red brick, period property full of character and charm. The site benefits from a 70/30 split in favour of food sales. The pub currently appeals to locals and destination diners and building upon the current offer by further utilising quality produce and understanding the local market place will put this site ahead of the competition. The pub is very well presented and is very homely and welcoming. Internally the dining space offers fifty food covers in the single trade area. Externally the pub has a fantastic beer garden as well as parking for thirty vehicles.

Location

Margaretting is a village and civil parish in the Chelmsford district, in the county of Essex. The village is located on the B1002 road approximately four miles from Chelmsford (the county town of Essex) and two miles from the town of Ingatestone. The Pub is located at the southern end of the Village and is a short walk from the main residential area. There is also a Primary School and Village Hall close by.

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£35,650

Turnover royalty

n/a

Forecasted Operator Turnover

£331,065

Forecasted Operator Profit (inc machine profit)

£33,389

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £35,560.00, 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 25% of head rent. Fixtures and Fittings are valued at approximately £20,000 and the final valuation will be confirmed on change day. 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

£8,750

Fixtures & Fittings

£20,000

Legal Admin Fee

£850

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£4,000

Other Costs

£1,150

Total Entry Costs

£35,650

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 57 0 82
2018/19 73 0 43
2017/18 77 0 20

The trade space consists a central bar servery separated into three dining areas, offering fifty covers. There is a trade kitchen to the rear and externally there is a lovely beer garden and parking for thirty vehicles.

Trade Bars

1

Trade Dining Areas

3

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

0

Function Rooms

0

Customer Car Park Spaces

30

Current Premises License Opening Hours

The accommodation is generally in good condition and consists of two double bedrooms, kitchen, lounge, separate toilet and bathroom. There is also an office.

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am searching for an experienced food led operator with knowledge and passion for great produce, standards and service. This food led site is famous locally for its Sunday Roasts and lovely beer garden, but I feel a revamp of the offer and a focus on locally sourced, quality produce could see this pub reach new heights. If this opportunity appeals to you, then please contact the recruitment team for further information.

James Pearson, Business Development Manager

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