Red Lion (Cherry Hinton) | Greene King Pub Partners

Facilities

Garden
Car park
Commercial Kitchen
Private accommodation

HIVE PUBS - REFURB COMPLETED

The Red Lion in the Cambridgeshire village of Cherry Hinton was fully refurbished in 2023 and has an array of character and charm. The pub attracts a loyal set of regulars and has the potential to really be the heart of the local community. The pub has one of ...

Important Information

Agreement A 5 year Hive Pub franchise agreement.
Guaranteed Income £20,000
Turnover share 35% of Food Sales 20% of Drink Sales
Profit share 5%
Bonus £7,500
Annual Estimated Total Sales £552,760
Estimated Annual Franchise Retained Income (Pre-bonus) £32,000
Income explained You will earn a guaranteed income of £20,000 per annum (paid at £385 per week), plus a percentage of net food and drink sales (also paid weekly). In addition, you can earn up to £7,500 bonus per annum based on your audited standards and a share of the profit (paid quarterly) if your business is successful.
Entry cost of £5,000 is payable on change day. This includes legal fees and start up training costs. An extra £3,000 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.
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 & Spirit (Ltrs) Minerals (Ltrs)
2023 234 1,941 6,644
2022 231 1,493 5,803
2021 155 1,049 3,519

Year	Beer (Brls)	Wine & Spirit (Ltrs)	Minerals (Ltrs)
2023	234	1,941	6,644
2022	231	1,493	5,803
2021	155	1,049	3,519

Becky Holt

Business Development Manager

‘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 Pub Franchise Agreement allows those with the relevant experience to launch their own business, with low ingoing costs. If you feel this may suit you, then please contact the recruitment team for further information’