Market Inn Preston

33-35 Market Street, Preston, PR1 2ES

  • Market Inn Preston
  • Market Inn Preston
  • Market Inn Preston
  • Market Inn Preston
  • Market Inn Preston
  • Market Inn Preston
  • Market Inn Preston

Market Inn Preston

Situated in Major Development Area

The pub benefits from a prominent site on the high street in Preston, surrounded by shops and businesses which are to benefit from major development in the area. A regular market is also held fifty two weeks of the year, attracting locals and tourists alike. Combined, these factors provide the pub with an abundance of potential passing footfall through the day and in the evening and the catchment area is made up of families and students.

City Centre Operator Required


Ideally you will already have experience in running a city centre venue and be able to create a great food offer taking full advantage of the local produce in the food market hall and complement with our on trend premium drinks offer.

Pub Features

  • Rolling Tenancy
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the Market Inn has a traditional bar, lovely mosaic flooring in addition to generous amounts of light from attractive glazed windows to the front of the building. The low wooden beamed ceilings are also an additional feature to the inviting atmosphere that is created within the bar area. Traditional in its furnishings and finishing's with seating to accommodate 30 covers supported by the catering kitchen.

The site also benefits from an additional income stream of a Gaming Machine and guests can be kept entertained with their own choice of music in the Juke Box.

Externally the front entrance has a pavement licence and picnic style tables can accommodate 20 guests.

Private Accommodation

Licensee accommodation at the pub consists of 5 bedrooms, lounge, kitchen and bathroom. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 12:00 - 00:30

Financials

Annual Rent £
30,000
Estimated Annual FMOP (Licensee Profit) £
31,323
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
272,112
Estimated Annual Barrelage
201

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
3,695
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
7,000
Deposit Amount £
7,500
Rent In Advance £
577
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
20,967
Estimated Minimum Ingoing Costs £
14,695

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
837
Estimated Annual Maintenance Compliance Charge £
1,052
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased