FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
Property details
New to the Market - Pub Opportunity in Lincolnshire!
The Prince of Wales is a characterful, well-established pub offering a strong food and drink proposition in a traditional setting.
Situated close to the Cathedral and Castle in Lincoln, the pub benefits from excellent footfall from both locals and visitors, creating opportunities throughout the week. Live sports help drive regular trade, while the attractive, dog-friendly outdoor drinking area provides additional appeal and capacity, particularly during the warmer months.
The pub offers a versatile trading environment, with a lively main bar area that encourages social occasions and food-led visits, alongside a quieter rear section that caters to customers seeking a more relaxed experience. The beer garden further enhances the offer, providing valuable outdoor trading space and additional opportunities to drive sales.
Private Accommodation
Private accommodation above the pub comprises:
- Three bedrooms
- Kitchen
- Bathroom with shower
- Lounge
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
FindMyPub.com
Team Games
FindMyPub.com
Live Sports
FindMyPub.com
Experienced Operator
Trading style
The Prince of Wales would suit an experienced, hands-on operator who can lead from the front and thrive in a busy city centre pub environment. Experience managing a high-volume hospitality business would be advantageous.
The successful publican will understand how to maximise trade from a diverse customer base, including local residents, tourists, and students, taking advantage of the pub's prime location in the heart of Lincoln.
This opportunity would suit someone with the energy and ambition to build on the pub's strong foundations by creating excitement around the offer, delivering exceptional customer experiences, and enhancing the pub's reputation as a must-visit destination. Strong leadership skills, a passion for hospitality, and the ability to engage with both the local community and visitors will be key to success in this opportunity.
Key financials
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Reference Number:
FH4FW1 / 032037
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£29,500.00
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Annual Rent:
£118,000.00
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.
Business Details
| Forecast Turnover: | £1,216,342 pa |
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| Forecast Wet Turnover: | £1,009,517 |
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| Forecast Dry Turnover: | £206,825 |
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| Guide Rent Annual: | £118,000 |
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| Turnover Rent Annual: | £12,235 |
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| Turnover Rent (%): Instead of a fixed monthly rent, you'll pay a base rent (guide rent demonstrated above)
plus a percentage of your net turnover (the percentage is demonstrated above). | 1 % |
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Financial Details
| Full Deposit: | £29,500 |
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| Repair Fund: | £77 pw |
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| Fixtures / Fittings: | £168 pw |
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