Pub Tenancy - Skegness

Pub Tenancy - The Old Chequers Inn, Skegness

Description of the pub

The Old Chequers Inn is a warm and friendly pub situated on the bank of the river Lymn, in the village of Croft, five miles from Skegness. It is a listed building and believed to be the oldest inn in Lincolnshire. Surrounded by open countryside, this is truly a country inn well worth a visit. In the winter there is a roaring fire and in the summer, there are plenty of areas to sit outside.

At the rear of the pub is a caravan park and houses up to 35 static holiday caravans. Caravaners are a key part of the pub trade and incentives will be offered by the Brewery to maintain key relations with the caravan park.

The living accommodation

The living accommodation consists of two bedrooms, large living room leading to an office. Bathroom fitted with bath and shower.

Brief description of the present trading environment

The pub consists of a bar and separate dining area decorated to a good standard and in keeping with this traditional Inn. The catering kitchen is a good size. Externally the pub boasts a large beer garden and ample parking. The caravan park plays a crucial part of the success of the Old Chequers.

Licence details

Alcohol Sales

Monday – Sunday      08.00 – 02.00

Live & Recorded Music

Friday & Saturday       20.00 – 23.30

Opening Hours

Monday – Sunday      08.00 – 03.00

The cost of taking the pub on is £8,683.10, 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 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.

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.  The rent payable has been adjusted to reflect the full support the new tenant would need to give to the Caravan Park

Details of the catchment area

Croft is located close to the popular seaside town of Skegness which is only 4.5 miles away. Skegness includes supermarkets, banks and leisure facilities.

Details of local facilities

The pub is located 2.5 miles from Wainfleet where there is a post office, Co-op food store, pharmacy and a veterinary practice. Other facilities such as supermarkets, banks and schools can be found in Skegness.

Projected Annual Turnover is £127,946.43 excluding VAT.