Pub Tenancy - The Red Lion, Swaffham Prior
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.
Sunday – Thursday 09.00 – 00.00
Friday – Saturday 09.00 – 02.00
Sunday – Thursday 09.00 – 00.30
Friday – Saturday 09.00 – 02.30
The cost of taking the pub on is £8,000, 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 £203,856.95 excluding VAT