Black Horse Kirkham

27-29 Preston Street, Kirkham, Preston PR4 2YA

  • Black Horse Kirkham
  • Black Horse Kirkham
  • Black Horse Kirkham
  • Black Horse Kirkham
  • Black Horse Kirkham
  • Black Horse Kirkham

Black Horse Kirkham

Major Investment Planned

The Black Horse is located in the bustling town of Kirkham, Lancashire situated between Blackpool and Preston. The pub is located close to the high street and therefore benefits from an abundance of passing trade.

Once the proposed refurbishment works are complete, including changes to the pub's layout, outside area and upgrading its interior to create a traditional yet quirky atmosphere, the Black Horse has the opportunity to become the go-to pub destination in the area, attracting families and couples alike.

Innovative Operator

Once works are completed, this pub will be able to offer a quality food menu and much improved customer flow. We are seeking a licensee with excellent business acumen and who has experience of implementing a successful food offer.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Internally, the Black Horse will receive improvements to the bar, lounge, dining area, snug, catering kitchen and restrooms. Works include full redecoration in a new rustic colour scheme. New carpet will be laid in part with areas of feature timber flooring & tiles. Brand new feature fireplaces will be fitted, adding a cosy element to areas. The existing pool games area and gents toilets will
be transformed into a welcoming lounge area with open access to the bar, perfect for a relaxed drink with family and friends.

A brand new catering kitchen will be created where the ladies toilets and garage are currently positioned, allowing for the efficient and successful introduction of a quality food offer. Works include a new extract and ventilation system, new appliances throughout and an optimised layout with designated areas for cooking, preparation and wash up.

Externally, the site will receive a new signage and lighting scheme. Furthermore, the outside area to the rear of the pub will be
transformed into a fantastic space in which to enjoy a drink or meal with family and friends. Works include new garden furniture, a new pergola, new festoon lighting, which will create a charming ambience.

For full details, please review the full refurbishment document.

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 & Bars, 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

The private accommodation consists of two bedrooms a lounge, kitchen and bathroom. As part of our promise to you and the planned refurbishment works, 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

see licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 12:00 - 00:30

Financials

Annual Rent £
41,250
Estimated Annual FMOP (Licensee Profit) £
43,487
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
526,375
Estimated Annual Barrelage
243

“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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
10,313
Rent In Advance £
793
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 £
46,791
Estimated Minimum Ingoing Costs £
12,561

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 £
1,459
Estimated Annual Maintenance Compliance Charge £
1,076
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,920

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