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GUARANTEED RETAINED ANNUAL SUM

Lincolnshire Otter

Somerby Way, Gainsborough, Lincolnshire, DN21 1QT

Minimum Ingoing Cost: £5,360
NO RENT PAYABLE ON THIS AGREEMENT

The Opportunity
The Operator
The Offer

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Beer Garden

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External Drinking Area

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Car Park

The Lincolnshire Otter is located just off the A631, attracting a broad customer base from the local community and surrounding areas. The Lincolnshire Otter is known as a destination for great value food and drink and is well- positioned to drive family dining, social occasions and regular repeat visits throughout the week.

The pub boasts a great location and is a large, family-friendly pub with a strong food-led offering. The spacious trading areas provide a comfortable environment for families, casual diners and local groups, with live sport adding an extra dimension to the guest experience; it offers a large bar and trading area with 150 covers. The pub also boasts a pizza kitchen, perfect for takeaway pizzas at lunchtime for customers!

Outside, there is a generous car park for those travelling in or out of town.

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Catering Kitchen

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Team Games

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Live Entertainment

The Community Food Partnership is perfect for people with pub or restaurant experience, passionate about pubs and obsessed with serving great food and an unforgettable experience every time! With low ingoing costs and all the training and support you need to set you up for success, this is a great way of running your own business. This is an opportunity to earn unlimited sales potential backed up with a guaranteed annual retained sum to provide you with some peace of mind.

The landlords are looking for an operator who can continue to build on the success of the pub, increasing awareness of the fantastic food offer and introducing more community based events, e.g. pool teams etc.

Reference Number: PSCFKB / 45379
Agreement Type: Operator Agreement

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.

All financial information shown, including projected turnover, costs and potential earnings, is provided for illustrative purposes only and was correct at the time of advertising. These figures are not guaranteed and actual results may vary based on trading performance, operator decisions and market conditions.

Business Details

Forecast Wet Turnover:	£474,240 pa
Forecast Food Turnover:	£316,160 pa
Estimated Annual Operator Share: Based on 26% of forecast weekly sales. This figure excludes VAT and business operating costs, including labour.	£205,504

Financial Details

Deposit:	£5,000
Legal Costs:	£360

This pub is currently trading at an average of £15,200 in weekly sales with a sales mix of 60/40 in favour of dry sales.

What’s in it for you?

26% share of weekly sales (excluding VAT) plus a guaranteed annual retained sum of £35K (released weekly)
Incentive bonuses based on business performance and standard audits.
Low ingoing costs, starting with just a £5,000 deposit and £360 legal costs.
Accommodation included with most bills covered, except council tax & TV Licence.

The private accommodation consists of a spacious three-bedroom flat with an office.

Interested in this pub?

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MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

The information and images displayed about this property comprises a property advertisement. FindMyPub.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and FindMyPub.com has no control over the content.