Stags Head Lincoln

68 Newport, Lincoln LN1 3DP

  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln
  • Stags Head Lincoln

Stags Head Lincoln

Family Friendly Pub & Restaurant

The Stags Head sits in Newport, at the gateway to the historic Lincoln Bailgate and Cathedral Quarter. Lincoln is a very popular tourist town attracting many visitors all year round. With a great reputation for high standards, the Stags Head is supported by an enviable catchment area made up of families, students and mature couples enjoying city life.

The current offer is freshly prepared, locally sourced lunch and evening food. An opportunity exists to increase drinks sales further to compliment this delicious food offer. There is additional scope to increase footfall by engaging the music scene. This substantial pub offers excellent features such as a large function suit, catering for all occasions and a hidden gem is located at the rear of the pub, in the form of a beautiful beer garden.

Experienced Food Entrepreneur Wanted!

The future vision of this site is to maintain high standards, continue to provide excellent food and build on the reputation further. You need to have a flair for food and the ambition to tap into the potential to grow the drinks trade.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Private Accommodation
  • Childrens Play Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, beautiful flagstone flooring and modern décor, in addition to generous amounts of light from the large windows, create an enjoyable space for guests. The Stags Head has a large bar at the front of the building complimented with a dining area to the rear with 60 covers. The function room is on the first floor and has capacity for 120 guests. There is disability support via a lift. The large fully equipped catering kitchen is in good order.

Externally, a contemporary signage and lighting scheme ensures excellent kerb appeal. A superb enclosed beer garden exists at the rear of the pub and there is great car parking facilities available for 20 vehicles.

Private Accommodation

The private accommodation at the Stags Head, Lincoln consists of an office, three bedrooms, kitchen, lounge and bathroom. In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to Premise Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 12:00 - 00:30

Financials

Annual Rent £
44,000
Estimated Annual FMOP (Licensee Profit) £
45,596
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
618,152
Estimated Annual Barrelage
260

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 £
13,290
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
7,000
Deposit Amount £
11,000
Rent In Advance £
846
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
34,321
Estimated Minimum Ingoing Costs £
16,519

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 £
887
Estimated Annual Maintenance Compliance Charge £
1,068
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
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