Run a Star Pub - Lion & Lamb Daventry - Daventry

Pub Overview

Attractive New Deal – Discounted rent in your first year of only £8,033 per annum exclusive.

The Lion & Lamb is located on the high street in the town of Daventry. The pub is surrounded by restaurants bars and shops and commercial premises nearby.

The pub benefits from being one of 12 pubs found in an area of around 2,142 adults. The main customer base is made up of employed adults over 45 years old.

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in introducing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via, selection of pubs games, such as pool and darts and pub games machines.

Features

• Foundation Tenancy
• Outdoor Trade
• Pub Games
• Private Accommodation
• New Deal

Trading Area & Facilities

• One bar operation
• 50 internal covers
• 50 external covers
• Catering kitchen
• HEINEKEN SmartDispense
• Large garden

Private Accommodation

Private accommodation consists of three bedrooms, a living room, kitchen and bathroom.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£32,517

Estimated Minimum Ingoing Costs

£9,839

Annual Rent

£16,066

Estimated Annual Turnover

£396,007

Deposit

£4,017

Estimated Fixtures & Fittings Value

£20,000

Estimated Stock Valuation

£5,000

Estimated Working Capital

£3,500

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.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month\’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month\’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month\’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow