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Red Lion
101, High Street, Slough, SL1 7JZ
Pub Code: 2302054101
Key Features
- Extensive Refurbishment Planned
- £220k Planned Investment
- Superb High Street Location
- Large Beer Garden
Est Min Ingoing Costs: £48,741
Annual Rent: £37,591
More Information
Fantastic New Project Planned!
The Red Lion benefits from a central location in the village of Burnham, with a large number of adults within a 20-minute walk of the venue. The pub is surrounded by affluent residents looking for a comfortable setting to enjoy a meal and a drink. The aim is to turn the pub into a great premium local.
A great new food offer will be an essential part of The Red Lion’s revamped offering. A full refit of the pub’s kitchen will allow for a new menu that will feature reasonably priced pub classics. The food offer will be complemented by a range of drinks, including an excellent spirits selection. There will also be a coffee offering, while there will be entertainment at weekends. The rear garden could be utilised to entice families and guests during the summertime.
Innovative Experienced Operator Wanted
This would be an ideal opportunity for a high-energy, experienced operator to re-open a high street local. Business management skills are essential.
The Red Lion benefits from a central location in the village of Burnham, with a large number of adults within a 20-minute walk of the venue. The pub is surrounded by affluent residents looking for a comfortable setting to enjoy a meal and a drink. The aim is to turn the pub into a great premium local.
A great new food offer will be an essential part of The Red Lion’s revamped offering. A full refit of the pub’s kitchen will allow for a new menu that will feature reasonably priced pub classics. The food offer will be complemented by a range of drinks, including an excellent spirits selection. There will also be a coffee offering, while there will be entertainment at weekends. The rear garden could be utilised to entice families and guests during the summertime.
Innovative Experienced Operator Wanted
This would be an ideal opportunity for a high-energy, experienced operator to re-open a high street local. Business management skills are essential.
Trading Area & Facilities
The Red Lion is an attraction, modern high street local. The central bar servery offers a contemporary area to relax and enjoy a drink while the distinct dining area could provide a comfortable setting for lunchtime and evening meals.
To the rear, there is a sizeable and enviable beer garden which could attract guests and families alike during the warmer summer months.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
To the rear, there is a sizeable and enviable beer garden which could attract guests and families alike during the warmer summer months.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation at the Red Lion consists of bedrooms, a lounge and kitchen. In line with our Ready To Trade promise we will ensure your accommodation is in a good state of repair so you can concentrate on your new business.
Premises Licence Details
Please see Premises Licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 23:30 |
11:00 - 23:30 |
11:00 - 23:30 |
11:00 - 00:30 |
11:00 - 01:30 |
11:00 - 01:30 |
12:00 - 00:00 |
| Annual Rent | £ 37,591 |
| Estimated Tenants Annual Operating Profit | £ 42,089 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 495,385 |
| Estimated Annual Barrelage | 251 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 32,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 9,398 |
| Rent in Advance | £ 723 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 48,741 |
| Estimated Minimum Ingoing Costs | £ 48,741 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 2,422 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
To 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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