Gillingham is a busy town in North Dorset which has seen much housing development during recent years and regeneration activity on the town’s High Street. One of the key reasons behind this is the main line railway station in Gillingham, which is on the Exeter to London Waterloo line. The Red Lion is situated in the central part of the High Street and there is a bridge link leading off the pub’s car park to the back of Waitrose. The pub is ideally situated to make the best return from a potential future investment and can only go from strength to strength as the town continues to grow and develop.
The Red Lion is a historic pub which for many years was the largest and most important licensed house in the North Dorset town of Gillingham. It occupies a large site that comprises of a main drinking and sports bar at the front of the pub, with a toilet block and cellar in the middle, and a very large games and pool bar to the rear. There is a good sized enclosed garden with patio and a large car park to the rear. On the first floor, as well as extensive private accommodation, there is an impressive function room area with great potential for development. There is also an adjoining cottage to the pub which is available for sub-let or staff accommodation.
The domestic accommodation comprises of 4 bedrooms, a kitchen, a living room, bathroom and separate WC, and an office.
Bedrooms – 4
Private kitchen – Yes
Lounge – 1
Office – Yes
Bathroom – 1
The Red Lion has been a very successful wet-led pub, trading on a late licence, with a vibrant evening trade. Live sport is a key element of the current business and the back room is well used for pool and has a large drop down TV. Machine income is also significant in this business.
*Trade volumes have been affected by Covid-19 lockdown closure periods.
“This is a fantastic opportunity for an enthusiastic operator who would welcome a short-term pub rental tenancy and enjoy the lively evening trade and sports offer of this pub. We are looking for an experienced Business Partner who would be comfortable managing the existing business with its regular trade base, but also with the vision to introduce ideas to the business. There is great potential to capitalise on the prime high street location of this pub, which has an exciting future investment scheme planned.”
Scott Rhodes-Ward
Business Development Partner, South West Region
* 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.
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