Pub Tenancy - The Willoughby Arms, Alford

Pub Tenancy - The Willoughby Arms

Description of the pub

This delightful pub is located in the centre of Willoughby. The village is well known for being the birth place of Captain John Smith, who was a famous explorer. His adventures have been publicized under the story of Pocahontas. Catering for not only the villagers, the pub also benefits from tourist trade throughout the summer months as it is located within easy reach of Skegness.

It consists of a single bar housing a lounge area, dining room and games room. There is a well-equipped catering kitchen and to the front and rear, the pub benefits from an outside drinking area which is fenced off from a large car park.

The living accommodation

The living accommodation consists of three bedrooms, a bathroom and a living room.

Brief description of the present trading environment

This outlet is the hub of the community and is very well supported by locals. With an excellent food offer the Willoughby Arms has an approximate 70/30 wet/dry split in trade. Food sales are driven by its excellent reputation, making it a destination for diners in the area.

Licence details

Alcohol Sales

Monday – Sunday09:00 – 02:00

Live Music

Friday – Sunday20:00 – 23:30

Opening Hours

Monday – Sunday09:00 – 03:00

The cost of taking the pub on is £6,495.08, 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. The ideal tenant will understand and be able to identify new night time opportunities as well as develop the daytime offer. Good attention to service and standards will be essential. As well as experience in delivering a quality food offer.

Business agreements available

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

Details of the catchment area

The village is mainly residential and has a population of approximately 400 people.

Details of local facilities

Within easy reach of the east coast resorts such as Skegness, the Willoughby Arms is well positioned for all major amenities such as banks, shopping and leisure.

Projected Annual Turnover is £144,102.54 excluding VAT.