Beer Garden
External Drinking Area
Car Park
Childrens Play Area
Restaurant/Dining
Property details
The Red Lion is situated in the small town of Ruskington, approximately five miles from Sleaford and thirty minutes from Newark/A1 and Lincoln. It is a medium-sized detached property set on its own grounds adjacent to the local shopping area. There is a significant amount of mixed housing just a short walk from the pub with the opportunity to attract diners from the nearby town of Sleaford and the surrounding hamlets. The area has schools, shops, and other amenities to cater to its developing demographics.
The pub has an airy open-plan L-shaped trading room catered from a large bar with a view of all the trading areas. The front trading area is for the more casual drinking, pool, and darts with a designated dining area towards the rear. The pub is in excellent condition and has a mixture of loose and fixed seating throughout and a log burner creating a warm and welcoming atmosphere. A fully equipped catering kitchen is behind the bar.
Externally at the front of the pub is a small picket-fenced patio for alfresco drinking or dining, to the side and rear is a large car park. Beyond the car park to the rear of the property is a fenced-off lawned rear garden with a children's play area.
The private accommodation is located on the first floor and can be accessed internally which consists of three bedrooms, a family bathroom, a lounge, and a kitchen. The accommodation is in good order.
Catering Kitchen
Team Games
Pool Area
Experienced Operator
Trading style
The pub currently trades mainly as a drink-orientated operation but there is an opportunity to further, develop the current food offer supplied from the fully equipped catering kitchen as the current wet/dry split is 80/20. The majority of current business comes from late afternoon and evening trade with food mainly being served at lunchtimes later in the week but there’s a great opportunity to build on the offer by opening all day every day i.e breakfasts.
There is an excellent range of keg beers, lagers, and ciders with an excellent opportunity to develop a cask ale offer along with a fantastic range of wines, spirits, and soft drinks. The current food offer comprises a traditional home-cooked pub food menu supplemented with sandwiches and lighter bites.
Ideally, the licensee should have experience in a community-focused environment with some experience in producing and delivering a reasonable hot and cold food menu. They should be familiar and skillful with modern marketing techniques as this is a small town but is surrounded by several villages. Engaging marketing is key to attracting these communities to increase wet footfall and drive the food offer.
Key financials
-
Reference Number:
IU3WDL / P03999
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£12,000.00
-
Annual Rent:
£18,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £18,500
Security Deposit: £5,000
Working Capital: £4,000
Stock: £3,000
F&F: Upon valuation – funding options may be available for the right licensee.