Red Lion

19 High Street, Wetherby, West Yorkshire, LS22 6LR

BUSY WET LED, TOWN CENTRE PUB

The Red Lion is a traditional, wet led pub in the West Yorkshire town of Wetherby. It is historically known for offering a great pint of real ale and there is the potential to expand this offer further. The pub is currently 90% wet led, with a small traditional food offer. There is real potential here to expand the food offering to appeal to new customers, potentially by introducing breakfasts. The pub is well regarded by the locals and offers a warm, friendly atmosphere. The pub is always a popular stop off on race days at the nearby racecourse, so maximising income on those days will be a key profit driver. A new operator will be able to concentrate on expanding the food offer, offer a great range of drinks in a competitive environment and offer occasional entertainment and live music.

Location

Wetherby is a market town and civil parish within the City of Leeds metropolitan borough, in West Yorkshire, close to the county's border with North Yorkshire and lies approximately twelve miles from Leeds, twelve miles from York and eight miles from Harrogate. Historically a part of the Claro Wapentake (as part of the parish of Spofforth) within the West Riding of Yorkshire, Wetherby is mentioned in the Domesday Book of 1086 as Wedrebi, thought to derive from wether- or ram-farm or else meaning "settlement on the bend of a river". The town was listed in the 2018 Sunday Times report on Best Places to Live in northern England. The Red Lion lies on the outskirts of the town centre, with plenty of passing footfall making their way into the town, which offers high street names, local shops and various pubs, bars and restaurants.

Business Information

Annual rent

£47,500

Weekly rent

£913

Entry costs

£27,750

Turnover royalty

n/a

Forecasted Operator Turnover

£584,057

Forecasted Operator Profit (inc machine profit)

£47,021

Forecasted Operator Machine Profit

£10,000

Average Beer & Cider Discount*

£144

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term. Machines income retained by licensee

Entry cost is approximately £27,750.00 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 £20,000. 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

£11,875

Fixtures & Fittings

£5,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£8,000

Other Costs

£1,150

Total Entry Costs

£27,750

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 190 0 2,886
2019 434 0 6,509
2018 442 7 6,183

This is a single bar operation with L shaped bar, comfortable seating at the front, the rear lends itself more to food, but the pub has a warm feel. The trade space offers approximately forty food covers. Externally there is a small patio seating area and garden which is laid to lawn. There is also a car park, offering off road parking for ten vehicles.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

40

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

10

Current Premises Licence Opening Hours

Mon-Wed: 09:00-00:30
Thu-Sat: 09:00-01:30
Sun: 09:00-00:00

The accommodation is in basic condition and offers three bedrooms, kitchen, lounge, bathroom and office

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an enthusiastic, passionate individual or couple, either with experience of the industry or for a first-time venture. This wet led pub is located on the outskirts of the town centre and can become especially busy on race days. If you would like to learn more about this great pub, then please contact the recruitment team for further information on how to apply.

Sarah Barron, Business Development Manager

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