Scarlet Red Ale House & Kitchen Lincoln

3 Newland, Lincoln LN1 1UX

  •  Scarlet Red Ale House & Kitchen Lincoln
  •  Scarlet Red Ale House & Kitchen Lincoln
  •  Scarlet Red Ale House & Kitchen Lincoln
  •  Scarlet Red Ale House & Kitchen Lincoln
  •  Scarlet Red Ale House & Kitchen Lincoln
  •  Scarlet Red Ale House & Kitchen Lincoln

Scarlet Red Ale House & Kitchen Lincoln

City Centre Steakhouse

Scarlet Red Steakhouse sits right in the city centre of Lincoln, close to numerous branded shops and department stores. It's exterior may be unassuming, but inside the design is truly stunning and the perfect setting for a steakhouse with a premium drinks offer. With such a great location, an ambitious operator would have plenty of opportunity to appeal to a wide variety of customers through an online marketing campaign.

Spacious on the inside, the pub has two bar areas with a variety of seating options available to customers which includes booths. The space gives an operator flexibility to either dedicate an area solely to dining, or to cater to private events. A creative operator would also have the ability to introduce a calendar of appealing events such as quizzes or music acts.

Ambitious Food Operator Wanted

Are you an experienced food operator looking for their next venture? In partnership with Star Pubs & Bars, you will grow your business using your ability to market the pub online and your passion for great customer service.


Pub Features

  • Rolling Tenancy
  • Function Room
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the open plan layout is divided into distinct bar and dining areas. The luxurious decor is truly impressive and includes exposed brickwork, tiled floors and a beautiful dark wooden features. The catering kitchen onsite can easily cater for the 40 covers which the site can hold.

Externally, the pub is in good condition with modern signage and great kerb appeal. There is a much sought after courtyard with bistro furniture which attracts custom during the summer months.

Private Accommodation

Private accommodation at Scarlet Red consists of two bedrooms, a lounge, kitchen and bathroom. Where required, Star Pubs & Bars will complete repairs to ensure the accommodation is in good repair so you can focus on your new business.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 02:00 11:00 - 02:00 11:00 - 02:00 11:00 - 02:00 11:00 - 02:00 11:00 - 02:00 12:00 - 02:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
Estimated Annual Maintenance Compliance Charge £
0
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