Lock & Barrel

FindMyPub.com
Catering Kitchen

FindMyPub.com
Experienced Operator

Historically, the Lock & Barrel has been a well-established seven-day trading business with a strong food and drink offer and a broad customer base.

The Lock & Barrel is seeking an experienced operator with the energy, vision and marketing capacity to nurture and build on the year-round local community trade in Frinton on Sea, whilst targeting and capitalising on the high-volume seasonal tourist trade. This is a rare opportunity for a proven pub operator to build on an established business, develop the food and drink offer, and to make the most of an enviable position as the only pub in the town.

If you are an experienced pub operator ready to take on a landmark seaside business with scale, character and exceptional trading potential, look no further, as the landlords have an exciting opportunity available to take on the Lock & Barrel, a substantial pub and restaurant located on Frinton-on-Sea’s high street. Set just minutes away from the seafront, the Lock & Barrel was opened in September 2000 as the first pub in this exclusive Essex seaside resort, and it remains the only pub in the town, giving it a truly unique position within the local market.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

Estimated capital requirements:

• Trading deposit: £5,000
• Contract deposit (Refundable on the day of change): £500
• Maintenance scheme (Plus monthly payments of £50): £1,000
• Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker): £20,000
• Stock, glass & crockery (Estimated, subject to an independent valuation by a trade broker and stock taker) £6,000
• Training deposit (£500 Refundable on completion of training) £1,000
• Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
• Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC

Working capital £7,000
Total estimated ingoing charges £40,500
Minimum capital considered £20,500

A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.

Fixed Rental Structure:

• Year 1    £TBC
• Year 2   £TBC
• Year 3   £TBC
• Year 4   £TBC
• Year 5   £TBC

This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act 1954, Part II '. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.