Red Lion, Mumby
Hogsthorpe Road, Mumby, Lincolnshire, LN13 9SD
Description of the pub
The Red Lion is a superb pub situated on a busy coastal road between Skegness and Mablethorpe. The pub is very seasonal and although it has a good local trade is well positioned to take advantage of the passing holiday traffic. It has an excellent food offer in place which draws local customers and holiday makers from the area. With the right operator on board there is potential to develop the business using the outside decking area and children’s playing area.
The living accommodation
The living accommodation consists of a lounge, two bedrooms, bathroom and kitchen.
Brief description of the present trading environment
The pub comprises of a small bar which services the pub/restaurant, good quality catering kitchen, small cellar and food store/office. There is also a large car park at the side of the premises, an outside decked drinking area and there is a large lawn with a children’s play area. During the winter months we reintroduce the pool table and darts board so teams can be accommodated.
Monday – Sunday 09:00 – 02:00
Friday & Saturday 20:00 – 23:00
Monday – Sunday 09:00 – 03:00
The cost of taking the pub on is £10,456.40, plus stock at valuation, valuation fees and working capital.
The experience and qualities we consider desirable in order to run this type of business include having good marketing skills to be able to attract local business and shoppers. The ideal tenant will understand and be able to identify new night time opportunities as well as develop the daytime offer. Good attention to service and standards will be essential.
Business agreements available
This pub is available on a 3 year renewable secured tenancy (i.e. automatically renewable). This pub can be let on a standard tenancy arrangement of a subsidised rent and standard pricing, or a Profit Partnership Plus arrangement with preferential pricing with the rent adjusted accordingly.
Details of the catchment area
Mumby is a village located between Skegness and Mablethorpe. Both Skegness and Mablethorpe offer supermarkets, banks and leisure facilities.
Details of local facilities
Within easy reach of the east coast resorts such as Skegness. The Red Lion is well positioned for all major amenities such as banks, shopping and leisure.
Projected Annual Turnover is £179,160.18 excluding VAT.
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