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Anchor Inn Colne
Anchor Inn Colne
Salterforth Lane, Salterforth, Colne, BB18 5TT Pub Code: 0091857101
Pub Code: 0091857101
Investment TenancyEst Min Ingoing Costs: £42,846
Annual Rent: £26,585
Major refurbishment to charming canal-side pub.
The Anchor Inn is a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The Area:
The pub benefits from being one of five pubs found in an area of around 820 adults. The mature and affluent customer base is made up of young, midlife and mature adults.
Salterforth is a small, premium village located between Barnoldswick and Colne. The Anchor sits beside the Leeds Liverpool Canal with a small marina and canal boat turning point opposite. This beautiful location is popular with walkers and offers virtually no local competition.
The Offer:
The pub is available on our investment tenancy agreement. Click here for more information on this agreement.
This is a fantastic little pub full of character. Once refreshed, it should become the heart of the local village and a destination for walkers, cyclists, and canal boaters. A great opportunity for someone to serve simple home cooked food in a premium local.
We’re always open to new ideas - what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:
- Understanding of the local community.
- You know what it takes to build a successful business.
- You love hospitality and are great with customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The Anchor Inn will be undergoing a refurbishment which will cover the internal and external decoration of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- 48 internal covers
- Small kitchen (currently redundant but can be brought back into use)
- HEINEKEN SmartDispense
- Garden area by the canal
- Car park
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of two bedrooms, living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£42,846
Estimated Minimum Ingoing Costs
£42,846
Annual Rent
£26,585
Estimated Annual Turnover
£410,981
Deposit
£6,646
Estimated Fixtures & Fittings Value
£29,700
Estimated Stock Valuation
£3,000
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.
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.
Location:
Salterforth Lane, Salterforth, Colne, BB18 5TT
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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