Pub Tenancy - The Red Lion, Swaffham Prior

6 days left

George Bateman & Son Ltd
01 Oct 2016
29 Oct 2016
Contract Type
Full Time
Description of the pub

The Red Lion is situated in the centre of the beautiful village of Swaffham Prior, north east of the historical city of Cambridge. This lovely 17th Century pub has all the character you would expect including golden hued beams, low ceilings and cheerful fireplaces. In addition to the cosy character, the pub boasts a well equipped kitchen, car park and large beer garden.

The living accommodation

The private accommodation consists of two bedrooms, lounge and bathroom.

Brief description of the present trading environment

The pub is split between three trading areas. From the front entrance you are greeted by the bar which has a beautiful quarry tile floor and is a popular area with the locals from the village. To the right of the bar is a small snug with open fire, television and darts throw, perfect for watching sporting occasions and accommodating the darts team. To the left of the bar there is a lounge/eating area that is split into two levels and is capable of accommodating up to 30 covers. Food is an essential part of the business and experience in catering is a must.

Licence details

Alcohol Sales

Sunday - Thursday 09.00 - 00.00

Friday - Saturday 09.00 - 02.00

Opening Hours

Sunday - Thursday 09.00 - 00.30

Friday - Saturday 09.00 - 02.30

The cost of taking the pub on is GBP8,000, plus stock at valuation, valuation fees and working capital.

The experience and qualities we consider desirable in order to run this type of business

This particular site has an excellent reputation for its food and friendly service. Potential candidates must be experienced food operators and have a passion to deliver great customers service in order to maintain the current levels of trade.

Business agreements available

This pub is available on a 3 year renewable secured tenancy (i.e. automatically renewable). The pub can be let on a standard tenancy arrangement of a subsidised rent and standard pricing, or Profit Partnership Plus pricing with the rent adjusted accordingly.

Details of the catchment area

The area is predominantly residential with a population of 6,086 in the area.

Details of local facilities

All the main facilities such as Hospitals, shopping and banking are available in Newmarket just 6.7 miles away.

Projected Annual Turnover is GBP203,856.95 excluding VAT

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