Jolly Potters Chesterton
Crackley Bank, Newcastle, ST5 7ABAgreement Type:
Just Add Talent
View details for Jolly Potters Chesterton
Bridge Blackpool
Bridge Blackpool
Lytham Road, Blackpool, FY1 6DZ Pub Code: 0020373101
Pub Code: 0020373101
Foundation TenancyEst Min Ingoing Costs: £34,815
Annual Rent: £27,960
Refurbishment in Blackpool’s iconic South Shore.
The Bridge offers 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 Bridge is located in Blackpool’s South Shore, close to the promenade and Blackpool Football Club. It’s surrounded by a suburban mix of private and council housing, with hundreds of nearby small hotels and B&Bs. This part of Blackpool is one of the North West’s most popular tourist destinations, with major attractions including Blackpool Pleasure Beach, Blackpool Tower, the Sandcastle water park and the Illuminations. The pub is one of 17 other licensed premises in an area with around 4,995 adults.
The Offer:
The Bridge is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will put the pub front-and-centre of the numerous small local businesses and set the stage for a new licensee to run the best community pub in town. Opening up the kitchen for food will also make up a small proportion of the pub’s total sales.
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 deliver a retail offer.
- If you’re enthusiastic and retail focused.
- 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 Bridge will be undergoing a refurbishment which will cover the internal and external areas of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloadssection.
The pub’s trading area and facilities post refurbishment will be:
-
Main trading area with bar
-
60 internal drinking covers
-
Flexible function room space (over 100 depending on event setup)
-
HEINEKEN SmartDispense®
-
Outdoor drinking area
-
Private accommodation
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
The pub has private accommodation.
Estimated Total Ingoing Costs
£34,815
Estimated Minimum Ingoing Costs
£34,815
Annual Rent
£27,960
Estimated Annual Turnover
£463,096
Deposit
£6,990
Estimated Fixtures & Fittings Value
£18,325
Estimated Stock Valuation
£6,000
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:
Lytham Road, Blackpool, FY1 6DZ
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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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