2-6 Tolbooth Street, Forres, Moray, IV36 1PH
The Red Lion is a well established business offering the right person the chance to continue to develop and grow both the food and drink potential of this site.
This well-known local town pub has a great reputation for offering quality products, great customer service and a warm friendly welcome. The public bar offers pool, darts and live sports making it the hub of the community, you can often find some local artists playing live music in the bar or the lounge. The lounge bar has a more relaxing atmosphere providing a substantial food offer with a great mix of cask ale, premium lagers, wine and whisky. There is a log burner in the lounge which is a real treat during those cold wintery months. The site offers some fantastic locally sourced fish and meats dishes, with a great reputation for the quality, service and value for money which makes customer come back again and recommend to others.
The site would suit an operator with experience of pub food, a creative side to introduce new deals and events to maximise sales and retain the pubs reputation.
The main bar area has a pool table, dart board and shows live sport. There is also a jukebox and a number of gaming machines. The pub boasts an external courtyard, which is licenced and can accommodate up to 30 people, off the main bar. There is a fully fitted kitchen providing a substantial food offer to the lounge bar/restaurant.
There is ample living accommodation on site with two double bedrooms and two single bedrooms. There is plenty of unused space that has various storage and office space that could become more living or potentially letting rooms.
|Annual rent||£39,000 per annum|
|Weekly rent||£750.00 per week fixed|
£39,000 per annum, £750.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £17,125 which includes 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). *Please note that the Fixtures & Fittings are still to be valued however minimum down payment would be £5,000.
|Fixtures & fittings||£0||Working capital||£3,000|
|Other costs||£7,150||Total entry cost||£17,125|
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)|
Forres is a thriving town and former royal burgh situated in the north of Scotland on the Moray coast, approximately 25 miles east of Inverness. Visited by numerous tourists throughout the year, Forres has been a winner of the Scotland in Bloom award on several occasions. There are many geographical and historical attractions nearby such as the River Findhorn, and there are many historical artifacts and monuments within the town itself.