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Beer Garden
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External Drinking Area
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Restaurant/Dining
Property details
The New Inn is a quaint, double-fronted pub located on one of the main artery roads into the village of Folkingham in the South Kesteven district of Lincolnshire. The village itself is around 10 miles away from the market town of Sleaford and boasts an affluent demographic of around 800 residents. The village has several local amenities, including a post office, a village hall, a pub, and there are also several local businesses, including a bakery, a garage and a farm shop. Surrounded by picturesque views and nearby to the Lincolnshire Wolds, Folkingham is popular with tourists and hikers who enjoy visiting the many local country parks and nature reserves. Rauceby Train Station is approximately six miles away and Sleaford Train Station is around seven miles away, with both being easily accessible by bus and offering transport links to Lincoln, Skegness and Peterborough.
The main entrance to the New Inn is straight from the roadside and into the bar area where you will find a welcoming open fireplace. To the right is space for a pool table or additional low-level seating. To the left are two sets of low-level tables and chairs to seat around eight people. A mixture of high and low seating accompanies the bar, which is the main feature of the room and is located along the left-hand wall. To the rear of the bar area is a set of double doors which lead out into a corridor giving access to the toilets, the outside terrace, the cellar and the rear dining room. The dining room is a large space for approximately 30 covers and is bright and airy with plenty of windows, skylights and French doors out into the garden. Here you will also find access to the fully operational and good-sized catering kitchen which makes the room also very useful for private functions.
The garden is a lovely space and is well kept with two patio areas and the rest mainly laid to lawn with an assortment of picnic benches and outside dining sets as well as a small marquee. Parking is located on the road to the front of the pub where there is generally ample space for plenty of cars.
The private accommodation consists of three bedrooms, a living room, a kitchen and a bathroom all in very good condition.
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Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
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Live Entertainment
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Live Sports
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Experienced Operator
Trading style
The New Inn serves the local community primarily as a food-focused venue, which is very welcome by the villagers and visitors of Folkingham. A fantastic reputation for food, customers travel from various nearby towns and villages to visit the pub and are never disappointed with the exceptional service and wonderful, wholesome, home-cooked food. A variety of activities also take place at the New Inn, including a weekly specials night, a monthly quiz, live sports, live music, and a sports team. The drinks offer here is generally varied and is therefore also suitable for a variety of drinkers from those wanting a tasty cask ale, an after-work pint, or a glass of red to go with their steak. The current licensees have built the business up very well and are ready for the new licensee to take the reins and develop further.
The landlords are ideally looking for an experienced couple who can manage the front and back of house in harmony to continue the amazing business that has already been built here. Maintaining the high standards of service and quality of the food offer will be imperative to ensuring that this business will thrive going forward, and the new licensees will need to be sympathetic to this. The ability to introduce, implement, and customise new ideas and visions that work with the already well-established business will likely fulfil the needs of an ever-changing industry, whilst encouraging new business, possibly from further afield and from those who may not have previously frequented the pub. An adaptable drinks offer and up to date menus will also be a key element to keeping the business current and vibrant within the local vicinity.
Key financials
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Reference Number:
IU3WDL / P04386
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,500.00
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Annual Rent:
£21,500.00
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 Rent: £21,500
Security Deposit: £5,000
Stock: £3,500
Working Capital: £2,000