Tenancy Opportunity - Red House Inn, Lilleshall - Tenancy Opportunity
Tenancy Opportunity - Red House Inn, Lilleshall
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. **Applicants will be considered with a minimum investment of £30,000**
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.
Entry cost from: £38,400
Annual rent: £30,000 per annum plus 6.0% Turnover Royalty
Agreement Tenancy – Turnover Tenancy
Forecasted Operator Machine Profit: £4,200
Forecasted Operator Profit (including machine profit): £55,515
Forecasted Operator Turnover: £674,744
Average Beer & Cider Discount*: £204 * dependent on sales mix
Type of Tie: Full tie: All products
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.
There is a small snug bar to the front of the pub with traditional fixed
seating and open fire. The main trading space is a large dining area with
100+ covers and separate entrance from the rear car park.
Private accommodation is in good order, and well decorated throughout.
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.