George Bateman & Son Ltd

Pub Tenancy - The Britannia, Boston

Location
Boston, Lincolnshire
Salary
Competitive
Posted
21 Nov 2016
Closes
19 Dec 2016
Job Type
Full Time, Live in

The Britannia, Boston

Description of the pub

The Britannia is situated in Boston town centre, just off the market square and backs onto the River Witham. One bar serves a large open plan trading area which is situated on different levels giving the pub more character. There is an attractive patio area at the rear of the premises which overlooks the river. The pub has recently undergone an extensive refurbishment and offers a terrific opportunity for the right operator with good catering skills and the determination to make a success of this town centre site.

The living accommodation

The living accommodation consists of two bedrooms, a lounge, a kitchen and a bathroom which can be entered by a separate side door.

Brief description of the present trading environment

The pub operates as a hybrid business which benefits from a good lunchtime trade from shoppers and office staff and becomes a young person’s venue in the evening.

Licence details

Alcohol Sales

Sunday – Wednesday            10.00 – 00.00

Thursday – Saturday              10.00 – 01.00

Live Music

Sunday – Wednesday            12.00 – 23.30

Thursday – Saturday              12.00 – 00.00

Recorded Music

Sunday – Saturday                 10.00 – 00.00

Opening Hours

Sunday – Wednesday              10.00 – 00.30

Thursday                                 10.00 – 01.30

Friday – Saturday                     10.00 – 02.30

The cost of taking the pub on is £6,636.00 plus stock at valuation, valuation fees and working capital.

The experience and qualities we consider desirable in order to run this type of business include having good marketing skills to be able to attract local business and shoppers. The ideal operator will understand and be able to identify new night time opportunities as well as develop the daytime offer with good food. Good attention to service and standards will be essential.

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 cash and carry pricing with the rent adjusted accordingly.

Details of the catchment area

Boston town centre consists of mainly commercial premises with a wide range of shops and offices.

Details of local facilities

All main facilities are provided in the Boston town centre, which include schools, a hospital, swimming pools, sports facilities, shopping and banking etc.

Projected Annual Turnover is £180,278.85 excluding VAT

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