Red Cow

59-60 High Street, Market Harborough, Leicestershire, LE16 7AF

Pub overview

A well presented wet led business and ideal first time opportunity. If you are passionate about beer, quality and service, this could be your ideal business.

The Red Cow is a classic town Local. Operating predominantly from a single front bar with 'snug' area to the rear: the business has been built around quality ales, traditional pub games and TV Sports.
The Red Cow hosts 9 darts teams, dominoes and pool teams and maintaining this trade will be important for the new operator.

The Red Cow trades predominately from a bustling public bar at the front of the pub with a quieter 'snug' area to the rear. Both rooms have easy access to the courtyard smoking area and bar servery. A games room is on the first floor with pool table, darts and TV sports.

Trade space
Bars 1
Patio areas 1

The compact domestic accommodation is ideal for a couple or single operator.

Private space
Private Rooms 4
Lounge 1
Double bedrooms 1
Private Kitchen 1
Bathrooms 1

Rent information

Annual rent £35,000.00 per annum
Weekly rent £673.08 per week fixed
Notes

£35,000.00 per annum, £673.08 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £27,750.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675.00 Legal £825.00
Deposit £8,750.00 Stocktaking fees £150.00
Fixtures & fittings £10,000.00 Working capital £2,000.00
Other costs £5,350.00 Total entry cost £27,750.00

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 329 533 260
2014/15 274 176 827
2013/14 354 110 654
Volume notes

Location

Occupying an enviable position on the busy Market Harborough High Street. Market Harborough is a market town within the Harborough district of Leicestershire, and it sits on the Northamptonshire-Leicestershire border.

Facilities

Trade bar
Trade patio

Current premises licence opening hours

Sunday - Thursday 09.00 - 00.30 Friday and Saturday 09.00 - 01.30

Contact Us

Mark Horton

Business Development Manager

Call us today 0845 607 5330

Apply online
“ The Red Cow offers an enviable position on Market Harborough High Street and this well presented pub provides a great opportunity for an owner operator business. ”