Run a Star Pub - Red Lion Plawsworth - Chester Le Street

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 extensive experience in a food-led hospitality business. They will have a clear vision for their food and drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

The Red Lion is located on the A167, also known as the Great North Road, between Durham and Chester-le-Street in County Durham. Surrounded by quiet village housing and open countryside, the pub is well placed to appeal to locals, passing trade and visitors travelling through the area. Demographics The pub benefits from being one of three pubs found in an area of around 206 adults. The existing customer base is made up of midlife and mature adults, giving the pub a strong opportunity to build on its reputation as a welcoming local with broad appeal. The offer The Red Lion is a village pub with a main trading area, 120 internal covers, four letting rooms, a catering kitchen, car park and large beer garden.

• Foundation Tenancy
• Letting Rooms
• Live Sports
• Catering Kitchen
• Car Park
• Outdoor Trade
Trading Area & Facilities
• Main trading area with bar
• 120 internal covers
• 20 external covers
• Catering kitchen
• Four letting rooms
• Beer garden
• Car park
• Live sport
• Live entertainment
Private Accommodation There is no private accommodation available at the pub. Pub Financials Pub Financials Icon With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term. Indicative entry costs range from
• :
£18,507 - £63,895 Annual Estimated Annual Turnover £783,820 Annual Rent £60,081 Entry Costs Deposit
• Deposit build up from 1 month rent
£15,020
• Estimated Fixtures & Fittings Value
• Rented fixtures & fittings deal available
£35,375
• Stock Valuation £10,000 Working Capital Required £3,500 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.