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Red Lion, Wrexham

Marford, LL12 8SL

Your investment

£5,000

Agreement Type

Tenancy
The Red Lion is located towards the top of Marford Hill in the village of Marford, in the county bor...

The Red Lion is located towards the top of Marford Hill in the village of Marford, in the county borough of Wrexham near the Wales-England border between the ancient city of Chester and the Welsh town of Wrexham. Marford is famous for its quaint looking Gothic cottages and sits among beautiful countryside where there are good walks. The village is purportedly haunted with Lady Margaret Blackbourne the unhappy spirit who was murdered in the 18th Century by her husband wandering through the village… The Red Lion is one of only two public houses in the village and it is located close to the only retail shop in the village with a large car park serving both the Cooperative Store and The Red Lion. There is a large beer garden to the rear and side of the pub accessed via an outside patio area from the lounge area.

The Red Lion needs an experienced food operator to develop the current limited food offer. The new operator would need to have both the vision and desire to make the Red Lion an integral part of the local community.

Private Accommodation

The private flat, located on the first floor can be accessed externally or from the bar area. It comprises of three bedrooms, a living room, kitchen and bathroom with WC.

 

Annual Rent: £13,000

Security Deposit: £2,000

Working Capital: £1,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Red Lion requires an operator with a proven track record and experience in building and running a food business will be required to ensure that this site fulfils its potential. This site has huge potential to be an immensely, attractive and enjoyable place to visit.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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