The Red Lion Hotel, East Haddon
Pub Details
Main St, East Haddon, Northampton, NN6 8BU
Destination, Food
Ingoing Costs : £48,000
Pub Rent: £68,000
About the Pub
The Red Lion is an award-winning, food-led destination pub in the affluent Northamptonshire village of East Haddon, The Red Lion offers a golden opportunity for a new operator to build on an already fantastic business & capitalise upon it’s extensive trading area.
Boasting seating for 84 covers, 7 letting rooms, a large garden area to the rear and car park. There is also a small patio for alfresco dining to the side of the pub, supported by a fully equipped trade kitchen and cellar. The pub’s dining credentials are clear to see, within the main bar, restaurant, and private dining room, whilst drinkers are catered for by a lounge as you first enter the premises.
Whether guests are looking for a quiet morning coffee, a few drinks with friends, and stay vacation, a place for a business meeting, or a memorable dining experience, The Red Lion has something to delight all who visit it.
Key Highlights
Stunning thatched pub in the beautiful village of East Haddon
7 stylish letting rooms, plus 3 bedroom cottage with living room and kitchenette
Separate bar and 3 separate eating areas, including attractive restaurant areas & private dining room
FMT turnover in excess of £908,800 per annum
Suitable Applicants
The Red Lion has much to offer experienced operators with the vision to take full advantage of its facilities, location and inviting look and feel.
Experience of operating a food-led business is essential, while the skillset to effectively market all the pub has to offer will create new opportunities for The Red Lion. The incoming operators will need strong commercial and financial skills that are complemented by a passion for providing fantastic hospitality.
Financial Overview
Security Deposit
Payable in advance to Wells to cover charges incurred by your business – trading as a Ltd Co£17,000
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement£510
Working Capital
Minimum working capital required£20,000
Stock & Glassware
In the region of to cover the value of opening stock£7,500
Valuers Fee
In the region of (paid to valuer) for valuing fixtures and fittings£910
Advanced Rent
In the region of (2 weeks)£2,615
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)£50,000
APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings£48,825
Anticipated Retained Income
Wet 30%
Dry 56%
Accomm 14%
Ongoing Costs
Service Charge
Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only), NICEIC Electrical Test (tenancies only) and Premises Licence renewal fee£112 p/w
Accountancy Services
Fees for a nominated accountant (in the region of)£542 p/m
Stocktaking Services
Six professional stocktakes per annum recommended£208 p/m
Rent
In the region of (payable weekly in advance)£5,666 p/m
Dilapidations service charge
Funds will be collected through the whole agreement and will be drawn down to fund tenant works/decorations£80 p/m
It all starts with a vision.
We'll help you make it a reality.
From the minute you click apply, our team are there to give you all the right guidance and support, even long after you get the keys to your pub.
If you’re passionate, willing to learn and have a strong desire to serve your community, you’re definitely in the right place.
Click ‘Get Started’ to get the ball rolling.
We'll give you the support
you need to succeed.
Choose from the following support options below. Or, if you need to contact us directly, click here.
Monday Drop In
Want to learn more about what it takes to thrive as a Wells & Co. pub partner? Our RDMs are at Brewpoint every Monday, and they’re ready to chat!
1 to 1 with an RDM
Curious about running your own pub? Our Retail Development Managers are here to help. Whether you’d prefer to call, email, or meet in person, they’re ready to chat.
Support & Training
All the support, development you need, provided by best in class providers. We’ll help you get all the licenses & training you need to succeed.
Your dream pub could be waiting for you...
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