Red Lion Paulton

High Street, Bristol, Bristol BS39 7NW

  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton
  • Red Lion Paulton

Red Lion Paulton

Friendly Village Pub

Due to receive major investment of £130k by Star Pubs & Bars, The Red Lion is friendly, local pub which benefits from a central village location. The large village of Paulton is located to the north of the Mendip Hills and acts as a commuter town to Bristol & Bath. As one of only two pubs in the village and with many families and mature professionals in the area, The Red Lion has plenty of opportunity to become a celebrated local.

The planned refurbishment works will completely overhaul the pub to create a relaxed and cosy atmosphere in a charming, contemporary setting. Internally, distinct areas will be created to ensure guests have a wonderful experience whether it's to eat some tasty pub grub, watch their favourite sports team or simply enjoy a casual cask ale. Due to the desirable town centre location, by day The Red Lion should be a sanctuary for weary shoppers, be it breakfast, coffee, a quick bite at lunchtime or chilled glass of wine. By night it should change into a town centre bar which can be enjoyed by local residents.

Innovative Operator with Food Experience Wanted

Are you an enthusiastic operator with experience in food? As the future vision for this pub is to provide a comprehensive food offer, previous experience in creating a profitable menu is desired. Use your passion for service and friendly manner to grow The Red Lion into a celebrated local pub.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, as part of the refurbishment works, the bar and snug will receive a full refurbishment. The snug will be made to feel warmer and more traditional, whilst making the existing fireplaces key features. A dedicated darts area will be created and the DJ booth will be removed. The existing fixed seating will be recovered and refurbished with new loose furniture provided to improve the feel of the site and bridge the area between the bar and dining area.

Outside, a new signage scheme, feature lighting and planting will be installed to improve kerb appeal and give a warmer, more traditional façade. The main entrance door from the road will be painted red to create a clearer entrance, while contemporary colours of red, black and gold will be used on the signage itself.

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

The private accommodation consists of four bedrooms, kitchen & bathroom and a lounge. Where required there will be appropriate repair works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 12:00 - 23:00

Financials

Annual Rent £
32,000
Estimated Annual FMOP (Licensee Profit) £
34,272
Representative HEINEKEN UK Brand Discount Per Barrel £
144
Estimated Annual Turnover £
456,151
Estimated Annual Barrelage
301

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,000
Rent In Advance £
615
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
45,800
Estimated Minimum Ingoing Costs £
45,800

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased