Business Opportunity - Licensee Wanted for The Peacock Inn, Lincoln

3 days left

Location
LN2 5SH, Lincoln
Salary
Business Opportunity
Posted
23 Aug 2017
Closes
23 Sep 2017

Business Opportunity - Licensee Wanted for The Peacock Inn, Lincoln

PUB OVERVIEW

Excellent opportunity to take over a well-established business, which has been operated by the same licensee for the last 25 years. The site already offers a strong trade but comes with the exciting opportunity for joint investment, which will revitalise the site and provide further potential for business growth!

Sitting right in the heart of the historic city of Lincoln, The Peacock can attract a wide range of clientele. There is currently a diverse food offer covering families, the mature market and a great student based deal menu. A range of cask ales available on a rotational basis and a selection of fine wines make the Peacock the perfect place for drinks. There is also a strong following for sports coverage and even the offering to partake in some more traditional pub games, ranging from dominoes to cribbage.

USINESS INFORMATION

Entry cost from: £18,450

Annual rent: £41,500 per annum

Agreement: Tenancy – Standard Tenancy

Forecasted Operator Profit (including machine profit): £41,541

Forecasted Operator Turnover: £486,830

Type of Tie: Full tie: All products

LOCATION

The Peacock benefits from a prominent position at the hub of the city of Lincoln, close to the historic Cathedral area.

Lincoln is a cathedral city and county town of Lincolnshire. The non-metropolitan district of Lincoln has a 2012 population of 94,600. The 2011 census gave the entire urban area of Lincoln (which includes North Hykeham and Waddington) a population of 130,200. The city is also home to the University of Lincoln and Bishop Grosseteste University, contributing a strong student population to potential business.

TRADE SPACE AND STYLE

An open plan, free flowing trade area that splits itself perfectly, with clear delineated areas for drinking and dining and an attractive external drinking area.

PRIVATE ACCOMMODATION

The private accommodation is extensive and in good condition.

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