• Fair Maintainable Trade* (FMT) Net Turnover: £550k per annum
  • Wet/Dry/Accommodation split: 35%/50%/15%
  • Large, spacious pub with letting rooms, campsite and gardens
  • Investment scheme for pub interior and exterior
  • Prominent roadside location
  • Close proximity to the stunning Jurassic coast

The domestic accommodation comprises 3 good sized bedrooms, a bathroom, kitchen and a large lounge. It has the benefit of private access from the rear of the property, avoiding the need to cross through the public areas.

Bedrooms – 3

Kitchen – Yes

Lounge – Yes

Bathrooms – 1

Private access – Yes

 

Top Line Figures

  • Rent: 11% of turnover
  • Initial Investment: £40,000
  • Fair Maintainable Trade* (FMT) Turnover: £550,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000 plus VAT
  • Working Capital: c. £5,000
  • Fixtures & Fittings: The F&F are anticipated to be in the region of £50,000 but this will be confirmed with a full valuation. (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry/Accommodation Split: 35%/50%/15%
  • Business Rates: Approx. £18,300
  • Available From: Mid-February
  • Closing Date: 31/01/2022
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year*
  • 90
  • 950
  • 140
  • 2600
  • Last Year*
  • 71
  • 750
  • 70
  • 1470
  • 2 Years Previous
  • 98
  • 1680
  • 60
  • 2440

Trade
Asset 2

The guest base for the Red Lion is extremely diverse and in the summer necessitates an all day operation as the pub is constantly busy. Although this is a highly seasonal business, there is a good weekend trade available all year round and the guest letting rooms outperform the market in terms of occupancy.

*Trade volumes have been affected by Covid-19 lockdown closure periods.


“We are looking for experienced operators who are comfortable with the highly seasonal trade that this pub benefits from and have the ability to manage a significant trade uplift during the summer months. Successful applicants will need to show strong catering knowledge and be experienced in delivering a high quality food offer. Knowledge and experience of running guest accommodation is also an essential attribute. Existing managers or tenants, as well as chefs and restaurateurs would be ideal applicants.”

Scott Rhodes-Ward

Business Development Partner, South West Region

Misrepresentation

* 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.

Asset 2

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