Tenancy Opportunity - Red House Inn, Lilleshall

Location
TF10 9EW, Shropshire
Salary
Business Opportunity
Posted
02 Aug 2017
Closes
02 Sep 2017

Tenancy Opportunity - Red House Inn, Lilleshall

PUB OVERVIEW

Located on the main A518 between Newport and Telford, this large roadside pub occupies an enviable position on the edge of Lilleshall village. The business is predominantly food led and requires experienced operators to exploit the potential of the passing and destination business.

Having received significant investment in 2016, the Red House now presents a first class environment for this food led business. With an historic reputation for it's every day carvery offer, the Red House will thrive with operators experienced in operating large scale food led businesses.

BUSINESS INFORMATION

Entry cost from: £131,995

Annual rent: £40,000 per annum

Agreement Tenancy – Turnover Tenancy

Type of Tie: Tied to FOT Price List

LOCATION

The A518 is a very busy main road linking Newport and Telford. The Red House is located on a roundabout on the A518, so is visible and accessible to traffic traveling in both directions. Telford is one of the UK's fastest growing and most successful new towns and the wider area is seeing plenty of residential development as the town expands.

CURRENT PREMISES LICENCE OPENING HOURS

Sunday- Wednesday 09.00-01.00 Thursday - Saturday 09.00-02.00

PRIVATE ACCOMMODATION

Private accommodation is in good order, and well decorated throughout.

FINANCIAL INFORMATON

Entry costs approx £132,000 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). Funding arrangements for fixtures and fittings may be available for suitable applicants.

ESTIMATING TURNOVER

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

WHY CHOOSE US?

By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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