Red House Inn
Wellington Road, Lilleshall, Newport, Shropshire, TF10 9EW
Located on the main A518 between Newport and Telford, this large roadside pub occupies an enviable position on the edge of Lilleshall village. The business is predominantly food led and requires experienced operators to exploit the potential of the passing and destination business. **Applicants will be considered with a minimum investment of £30,000**
Having received significant investment in 2016, the Red House now presents a first class environment for this food led business. With an historic reputation for it's every day carvery offer, the Red House will thrive with operators experienced in operating large scale food led businesses.
There is a small snug bar to the front of the pub with traditional fixed seating and open fire. The main trading space is a large dining area with 100+ covers and separate entrance from the rear car park.
|Car park spaces||60|
Private accommodation is in good order and well decorated throughout.
|Annual rent||£40,000 per annum plus 10% Turnover Royalty|
£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £81,925,000 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). Funding arrangements for fixtures and fittings may be available for suitable applicants. **Applicants will be considered with a minimum investment of £30,000**
|Fixtures & fittings||£55,000||Working capital||£10,000|
|Other costs||£5,500||Total entry cost||£81,925|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The A518 is a very busy main road linking Newport and Telford. The Red House is located on a roundabout on the A518, so is visible and accessible to traffic traveling in both directions. Telford is one of the UK's fastest growing and most successful new towns and the wider area is seeing plenty of residential development as the town expands.