Horse & Jockey Waddington
High Street, Lincoln, LN5 9RFAgreement Type: Investment Tenancy
View details for Horse & Jockey Waddington
Lincoln Green North Hykeham
Lincoln Rd, North Hykeham, Lincoln, LN6 8DL
Pub Code: 0050079101
Key Features
- Large Beer Garden
- Fully Operational Outdoor Bar
- Catering Kitchen
- Two Room Operation
- Car Park
- Private Accommodation
Est Min Ingoing Costs: £16,188
Annual Rent: £32,263
More Information
The area
The Lincoln Green is located in the Lincoln suburbs, close to a busy main road. The pub is surrounded by chimney pots.
Demographics
The pub benefits from being the only pub found in an area of around 3,514 adults. The customer base is made up of mainly elderly couples and singles.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The success of this pub lies in developing a strong ‘Rhythm of the Week’ to drive the wet trade, as well as the food offer and utilising the outdoor space to its full potential!
The site currently has the ability to drive trade via it gluten free focused food menu, selection of drinks, beer garden and outdoor bar.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have experience in a similar hospitality business. They will have a clear vision for their food offer, but also ideas to increase their wet trade, and the ability to create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Second trading area
- 70 internal covers
- 100+ external covers
- Full catering kitchen
- SmartDispense
- Large beer garden with operational outdoor bar
- Car Park
Private Accommodation
Private accommodation consists of 7 bedrooms, 2 family bathrooms, kitchen, and lounge.
| Annual Rent | £ 32,263 |
| Estimated Annual Turnover | £ 529,655 |
| Deposit | £ 8,065 |
| Estimated Fixtures & Fittings Value | £ 24,895 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 46,460 |
| Estimated Minimum Ingoing Costs | £ 16,188 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Lincoln Rd, North Hykeham, Lincoln, LN6 8DL
More properties in this region
Dandy Lion Lincoln
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View details for Dandy Lion Lincoln
Stags Head Lincoln
68 Newport, Lincoln, LN1 3DPAgreement Type: Foundation Tenancy
View details for Stags Head LincolnTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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