Under Offer

White Lion

40 Linkfield Street, Redhill, Surrey, RH1 6BY

Pub overview

Recently refurbished pub enabling a new operator to maximise on the business potential in the heart of a vibrant community. *£108 blended of invoice discount available on all draught beer and cider products*

Viewing this pub is highly recommended. The pub is in an excellent condition and has been well positioned in the heart of the community, where it has re-captured much of its market. A new food offering has been introduced and is gradually growing with a real opportunity to maximise the food over the summer months. It is a listed building and is particularly attractive internally with some lovely features. There is an opportunity to grow food further and this pub boasts well attended darts, pool and football teams.

There is 1 bar and 3 trading areas on split levels allowing for relaxed drinking, dining and those wanting to meet at the bar for quick drink. There is a woodburner with a cosy corner to sit and have quiet drink away from the hustle and bustle. The site has a trade kitchen, basement, cellar and store room. Externally there is a car park with 22 spaces, nice good size garden and patio area.

Trade space
Bars 1
Car park spaces 22
Dining rooms 1
Food covers 50
Function rooms 1
Gardens 1
Trade kitchens 1
Patio areas 1

2 double bedrooms, 2 single bedrooms, lounge, office and bathroom.

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

Rent information

Annual rent £25,000 per annum
Weekly rent £480.77 per week fixed
Notes

£25,000 per annum, £480.77 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 £21,300 which includes 25% deposit for fixtures and fittings (assisted purchase available for the balance), 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).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £4,500 Working capital £5,000
Other costs £4,150 Total entry cost £21,300

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)
2016/17 104 1,176 2,137
2015/16 106 375 447
2014/15 168 14
Volume notes

Location

Half a mile from Redhill town centre just off the main Brighton Road. Redhill is a town in the borough of Reigate and Banstead in Surrey, England. The town, which adjoins the town of Reigate to the west, is due south of Greater London, and is part of the London commuter belt. The town is also the focal entertainment and commercial area for three adjoining communities: Merstham, Earlswood and Whitebushes, as well as of two small rural villages to the east in the Tandridge District, Bletchingley and Nutfield.

Facilities

Trade bar
Car park
Dining area
Function room
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Saturday 10:00 - 23:00 Sunday 12:00 - 22:30

Contact Us

Yvonne Fraser

Business Development Manager

Call us today 01284 714 497

Apply online
“ If you love to be around people you could run this site. A well established business that could be enhanced with a hands on operator/s with new ideas that will appeal to the locals and attract customers from the centre of Redhill. Development of the current food offer and entertainment are essential to the success of this business... ”