Red Lion

Peppard Common, Henley on Thames, Oxfordshire, RG9 5LB
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Letting Details

Description and Trading Style

The Red Lion is a wet led locals style country pub, traditional in it's approach and with a good local fresh food trade. Due to it's location it also appeals to walkers and passers by. It has a good outdoors area, maximising potential particularly in the summer months. There are regular quizzes and live music.

Location and Local Amenities

The Red Lion is approximately 3 miles from Henley on Thames and approximately 5 miles from central Reading. Just off the B481 This is a highly visual site next door to a tennis club. There are good local facilities including a primary school across the common.

Accommodation

Trade: 2 bars including dining areas (approx. 42 covers). Three coal/wood fires keep the pub cosy, WC's, kitchen, cellar and a large amount of storage in outbuildings including an office. Large garden (over 100+ covers) with an additional field used for a children's play area, common land car parking available.
Private: 1 double bedroom, bathroom/WC. domestic kitchen area, small office and sitting room.

Current and Future Markets

The pub currently appeals to locals and walkers, but with a continued strong fresh food offer, this pub can draw on it's fantastic position to widen the marketplace.

Requirements

We seek "hands on" tenants with a background in food operations & high standards. A good Mine Host character is needed to deliver a friendly service to a supportive local community & good tourist market. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £11,000 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware and loose goods and training deposit. Fixtures & fittings are circa £12,000 and working capital is circa £3,000.

Trade Volumes 2016 2017 2018 To 22.10.19
Draught Beer and Cider (36 gallon units) 132.74 104.68 96.03 65.69
Packaged (litres) 483.08 344.58 324.72 167.04
Minerals (10 litres) 324.36 111.78 96.84 93.90
Spirits (litres) 240.10 173.65 146.00 64.90
Wines (litres) 1,361.90 838.45 604.45 396.00

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.

Guide Rent

Headline rent of £22,000 per annum payable fortnightly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year renewable tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless otherwise agreed.

Rateable value

Draft 2017 figure £16,950. Please contact the local authority to find out actual rates payable.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises, indoor sports, live & recorded music.

Permitted hours

Everyday: 11.00am - Midnight

Current Offerings

Serves Food
Average price of main course under £12
Hold a party 
Places to Walk
Cask Marque
Garden / Patio
Watch Sports
Family friendly
Disabled access 
Dog friendly 
Park the car
Wifi access 

Current Opening Times

Sunday to Thursday 12 noon – 11pm
Friday & Saturday 11am – 12 midnight

Food served:
Monday to Saturday 12 noon – 3pm & 6pm – 9pm
Sunday 12 – 5pm