George Bateman & Son Ltd

Pub Tenancy - Market Rasen

Location
Market Rasen, Lincolnshire
Salary
Competitive
Posted
09 Nov 2018
Closes
07 Dec 2018
Job Type
Full Time, Live in
  • Highly visible main road location in affluent Lincolnshire village
  • Fully equipped catering kitchen
  • Exempt from Business Rates
  • Good sized car park

The Cross Roads stands on the main A157 road between Lincoln and Louth, some 4 miles from the town of Wragby. Nearby are the popular sporting venues of Market Rasen Racecourse and Cadwell Park Motor Racing Circuit. The pub is centrally located in the village, with the Post Office next door. This detached building benefits from a large car park for c.25 cars, a detached double garage and a large secure beer garden with a patio. Internally, there’s the main bar, with a central bar servery and open fire. Additionally there’s a restaurant/dining area and a games room. This pub benefits from a fully equipped trade kitchen with a preparation area.

Licence details

Alcohol Sales

Monday – Saturday

10:00am – 12:00am

Sunday

12:00 noon – 11:00pm

Live Music

Monday – Sunday

5:00pm – 11:00pm

Recorded Music

Monday – Saturday

10:00am – 12:00am

Sunday

12:00 noon – 11:00pm

Living accommodation

The domestic accommodation comprises 3 bedrooms, kitchen, lounge and bathroom with WC bath and shower.

Details of facilities in the neighbourhood

East Barkwith has a population of just under 400 people and lies on the gateway to the Lincolnshire Wolds (designated an area of natural beauty). The 12th Century Grade 2 listed parish church is opposite the pub. Local children attend a primary school in Wragby and secondary school in Louth – there are frequent buses to each location. In addition to the Cross Roads, the village has a Hall, a park, and is also a focal point for walkers, with 5 historic walks starting from the pub. Roadside signs in each direction advertise the Cross Roads on entering the village.

Brief description of the present trading environment

Internally there is a main bar with 26 covers and an open fire, as well as a separate games room with a pool table, which leads out onto the beer patio with smokers’ umbrella. The bar servery has 3 hand pulls and well stocked bottle fridges. The small restaurant/dining room has 10 covers and an open fire. There is a large, fully equipped catering kitchen with a separate food preparation area. The pub benefits from Wi-Fi and a coffee machine. There is a separate entrance hallway from the main road, as well as access from the rear car park. The large grassed beer garden to the rear of the pub is a tranquil sunny location which is safe for children.

The cost of taking the pub on is £6,978.00, plus stock at valuation, valuation fees and working capital.

Experience and qualities to be demonstrated by the successful applicant

  • Experience in catering trade is preferred
  • Keen to fully exploit social media
  • Motivated by village life and community events
  • Passionate about real ale

Business agreements available

This pub is available on a 3 year renewable secured tenancy (i.e. automatically renewable). This includes a supply agreement for all wet stock. The Profit Partnership Plus tenancy agreement offers highly discounted Free Trade Cash and Carry Pricing.

For the duration of the term of the agreement and subsequent agreements if renewed, there are no rent reviews.

Projected Annual Turnover is £141,885.15 excluding VAT. 

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