- Fair Maintainable Turnover* (FMT) – £354,000 per annum
- Rent – £36,000 per annum
- Domestic accommodation comprising: 2x double bedrooms, kitchen, bathroom, large lounge
Mortimer Common, generally referred to as Mortimer, is a village in the civil parish of Stratfield Mortimer in Berkshire. Mortimer is in the local government district of West Berkshire and is seven miles south-west of Reading.
Mortimer is a hub for community activities. Mortimer Village Partnership (MVP) is an independent not for profit organisation that was set up by volunteers in 2009 whose purpose is to involve people and groups in the life of the village, to improve communications, to connect people together and facilitate activities and events in order to enhance the lives of those who live and work in Mortimer and nearby. Several events are organised annually, including a regular lunch club, theatre trips, travelling theatres, events for children and the famous annual Mortimer Fun Day in July which attracts thousands of visitors from all around.
Mortimer has several senior football teams including Mortimer FC as well as two youth football teams; Mortimer Stingers and Mortimer Hornets. Mortimer has amateur cricket and tennis clubs, cubs, scouts, girl guides and brownies clubs as well as the Mortimer Dramatic Society. A community centre was completed in the autumn of 2009, which is used as a cricket pavilion
The Red Lion has been run in recent years as an Italian Gastro pub, serving a blend of quality British food and an authentic Italian menu. It also offers traditional real ales alongside an extensive Italian wine selection. The pub enjoys a strong and balanced lunchtime and evening trade.
The ideal applicant would be an operator with fresh ideas, a strong catering background, and who knows how to immerse themselves in the local community, as well as produce a quality and consistent food, beverage and hospitality offering.
We are delighted to present the Red Lion, a charming roses around the door public house, dating back to 1650. This traditional pub boasts an abundance of charm with original oak beams and an inglenook fire place.
The pub seats 70 covers comfortably over two separate trading areas with the bar in the centre of both. It has an adequate sized kitchen to cope with additional volume of food required during the summer months. The Red Lion has a reputation for good, locally sourced food and is much favoured by walkers. The garden is very manageable to the rear of the property which is laid with grass and overlooks attractive farm land.
The Red Lion has been run in recent years as an Italian Gastro pub, serving a blend of quality British food and an authentic Italian menu. It also offers traditional real ales alongside an extensive Italian wine selection. The pub enjoys a strong and balanced lunchtime and evening trade.
* Fair Maintainable Trade (FMT) is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Business Development Partner for the pub, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process. Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.
† The Full Investment Breakdown for each public house is higher than the minimum investment we will accept because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies. The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.
Facilities
Facilities
Facilities
