Description and Trading Style
The Red Lion is extremely welcoming. It appeals both to a locals/regulars and visitors from the immediate village, and surrounding areas.
Location and Local Amenities
The Red Lion sits on the main road into Cholsey from the larger town of Wallingford. There are plenty of shops and amenities in Wallingford, including a station with good rail links. Cholsey is also close to Didcot, Pangbourne and Newbury.
Trade: 2 bars, large restaurant areas (approx 80 covers in total), trade kitchen, office, utility, cellar, WC's incl disabled, stores, garden, front seating, (approx 40 covers outside) car park.
Private: 3 double bedrooms, WC, shower room and sitting room.
Current and Future Markets
Currently the Red Lion is trading as a village pub with a wide customer base and there is an opportunity to further develop the food operation.
This pub could be right for either an experienced operator or a talented first time tenant. Applicants must have or be able to apply for a personal licence.
Circa £16,000 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware and loose goods, training deposit. Fixtures & fittings are circa £17,000 and working capital is circa £4,500.
|Trading Volume||2017||2018||2019||To 31.3.20|
|Draught Beer and Cider (36 gallons units)||179.67||186.65||164.63||27.65|
You will need to estimate the turnover you expect from the pub. The current barrelage will be given to assist you with calculations, but you need to estimate the food sales.
Post Covid rent will be stepped for new tenants in year one to help build the business 0 steps to be agreed. Annual rent is £36,000 weekly by direct debit. Retail price indexation applies to rents.
Five year renewable tenancy agreement with additional service charge that covers propertty insurance, servicing of heating and cellar cooling equipment etc.
There is a full wet tie unless agreed otherwise.
Rateable valueDraft 2010 figure £22,200. Please contact the local authority to find out actual rates payable.
Licenses & PermitsSale of alcohol by retail for consumption on and off the premises, film exhibition, live and recorded music.
Permitted hoursMon - Thurs: 10.00 am - 00.30am, Fri & Sat: 10.00am - 01.30am, Sun: 10.00am - 00.30am
Current Opening Times
Opening times: Mon – Sat 12pm – 11pm, Sun 12pm – 10.30pm Food times: Mon – Tue 12pm – 2.30pm, Wed – Sat 12pm – 2.30pm & 6pm – 9pm, Sun 12pm – 3pm