Red Lion

1 London Road, Biggleswade, Bedfordshire, SG18 8ED

Pub overview

Well located locals pub in Bedfordshire market town *Large discount on beer!* Live music venue! Free of tie on machines. Forecasted Operator Machine Profit for this business is £14,500.

Live music pub, refurbished in 2015. The Red Lion has a following for live music. It has a stage, a pool table, a courtyard with a smoking shelter and a good size car park. There is a weekly quiz, and frequent karaoke and discos.

The Red Lion has 1 bar, a stage, 2 large curved boothed seats, high level drinking space and dance floor space. There is a courtyard with a smoking shelter and a large car park

Trade space
Bars 1
Car park spaces 18
Food covers 20
Trade kitchens 1
Patio areas 1

The accommodation is in fair condition.

Private space
Private Rooms 8
Lounge 1
Single Bedrooms 2
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Office 1

Rent information

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

£35000 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 £26,650 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 £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £10,000.00 Working capital £6,000.00
Other costs £3,000.00 Total entry cost £26,650.00

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)
2016/17 166 987 4,402
2015/16 204 1,515 6,219
2014/15 209 1,466 6,709
Volume notes

Location

The Red Lion is situated in Biggleswade town centre is on the circuit but also has a car park for destination trade for the live music events.

Facilities

Trade bar
Car park
Trade kitchen
Trade patio

Current premises licence opening hours

Monday - Wednesday 10:00 - 00:30 Thursday 10:00 - 01:30 Friday - Saturday 10:00 - 02:30 Sunday 11:00 - 00:00

Contact Us

Steve Look

Business Development Manager

Call us today 01284 714 497

Apply online
“ Greene King are looking for an enthusiastic, community orientated operator for the Red Lion who loves live music and ideally has good marketing skills and experience of organising activities for a local community. ”