Tenancy Opportunity - Red Admiral, Runcorn

Location
Runcorn, Cheshire
Salary
Business Opportunity
Posted
13 Feb 2018
Closes
13 Mar 2018

Tenancy Opportunity - Red Admiral, Runcorn

PUB OVERVIEW

The Red Admiral is a busy wet led, community sports pub with a strong local following. A popular pub for team games, quizzes and provides live entertainment at the weekend. It recently underwent a thorough refurbishment and is in very good condition.

BUSINESS INFORMATION

Entry cost from: £9,800
Annual rent: £13,000 per annum
Agreement: Tenancy – Foundation (Core)
Forecasted Operator Machine Profit: £8,000
Forecasted Operator Profit (including machine profit): £20,088
Forecasted Operator Turnover: £325,555
Average Beer & Cider Discount*: £180.00 * dependent on sales mix
Type of Tie: Partial tie: Tied All Beer, All Cider & Minerals

LOCATION

The Red Admiral is situated in Runcorn in the middle of a densely populated housing estate from which it attracts large footfall.

CURRENT PREMISES LICENCE OPENING HOURS

Monday-Wednesday: 09:00 - 01:00 Thursday-Sunday: 09:00 - 02:00 About the business

TRADE SPACE

The site consists of one main bar which serves separate bar and lounge areas. There are big screens in both rooms as live sports are a strong feature of the pub. The lounge area is also used for dining and provides up to 60 covers. There is also an area for entertainment at weekends. There is a small patio area to rear of the site where external drinking / dining can take place.

PRIVATE ACCOMMODATION

The private accommodation consists of 3 bedrooms, a lounge, kitchen and bathroom.

FINANCIAL INFORMATION

Entry costs approx £9,800.00 which includes 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). Fixtures and fittings are yet to be valued

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

 

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