Red Cow

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

Gallery

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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.

Occupying an enviable position on the bustling High Street of market Harborough, the Red Cow is well placed to provide a quality all day offer. To do that, we need to work with an operator who has the personality and passion for quality ales, wines and spirits. Trading predominantly from a single front bar and rear ‘snug’ the pub is wet led, although a small trade kitchen is available to provide complimentary snacks.

Historically, traditional pub games of darts and dominoes have been an important element of the business and suit the classic ‘Town Local’ feel of this pub.

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 Rooms4
Lounge1
Double bedrooms1
Private Kitchen1
Bathrooms1

Rent information

Annual rent£31,000 per annum
Weekly rent£596.15 per week fixed
Notes

£31,000.00 per annum, £596.15 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£675Legal£825
Deposit£8,750Stocktaking fees£150
Fixtures & fittings£10,000Working capital£2,000
Other costs£5,350Total entry cost£27,750

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

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182329722,148
2016/172941,0683,207
2015/163295332,530
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 the Recruitment team on 01284 714 497

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. ”