1 London Road, Biggleswade, Bedfordshire, SG18 8ED
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
|Car park spaces||18|
The accommodation is in fair condition.
|Annual rent||£35,000.00 per annum|
|Weekly rent||£673.08 per week fixed|
£35000 per annum, £673.08 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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).
|Fixtures & fittings||£10,000.00||Working capital||£6,000.00|
|Other costs||£3,000.00||Total entry cost||£26,650.00|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
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.