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Beer Garden
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External Drinking Area
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No Private Accomodation
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Letting Rooms
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Car Park
Property details
The Red Lion is located on the A167, also known as the Great North Road, between Durham and Chester-le-Street in County Durham. Surrounded by quiet village housing and open countryside, the pub is well placed to appeal to locals, passing trade, and visitors travelling through the area. The pub benefits from being one of three pubs found in an area with around 206 adults. The existing customer base is made up of midlife and mature adults, giving the pub a strong opportunity to build on its reputation as a welcoming local with broad appeal.
Trading Area & Facilities:
- Main trading area with bar
- 120 internal covers
- 20 external covers
- Catering kitchen
- Four letting rooms
- Beer garden
- Car park
- Live sport
- Live entertainment
There is no private accommodation available at the pub.
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Catering Kitchen
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Live Entertainment
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Live Sports
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Experienced Operator
Trading style
The Red Lion is a familiar County Durham village pub on the Great North Road, with letting rooms, live sport, pub food, and a large beer garden.
The landlords anticipate the estimated turnover for this pub to be in the region of £783,820. The pub currently has a food and drinks offer, including cask ales, coffees, pub classics, popular beers, ciders, wines, and spirits. The site has the ability to drive trade through live sport, live entertainment, a strong food offer, letting room stays, and making the most of the beer garden and passing trade from the A167.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a food-led hospitality business. They will have a clear vision for their food and drinks menu, marketing strategy, and entertainment offer, and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 0070185101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£18,507.00
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Annual Rent:
£60,081.00
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.
Annual:
Estimated Annual Turnover £783,820
Annual Rent £60,081
Entry Costs:
Deposit** Deposit build up from 1 month rent £15,020**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £35,375**
Stock Valuation £10,000
Working Capital Required £3,500
Indicative entry costs range from** £18,507 - £63,895
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.