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Farmers Arms Burscough
36 New Lane, Ormskirk, L40 8JAAgreement Type:
Foundation Tenancy
View details for Farmers Arms Burscough
Cheshire Lines
Cheshire Lines
81, King Street, Southport, PR8 1LQ Pub Code: 2302248101
Pub Code: 2302248101
Foundation TenancyEst Min Ingoing Costs: £10,927
Annual Rent: £17,127
Fantastic opportunity to take over a community focused pub to the next level.
What would you do with this pub to make it a success?
The area
The Cheshire Lines is located in Southport town centre. The pub itself is situated next to the main shopping area of Southport as well as the Southport Market. This can be competition to the pub but also gives the pub fantastic footfall and trade.
Demographics
The pub benefits from having around 17,000 adults within a 20-minute walk of the pub. The Majority customer base is made up of young medium income adults. With Southport being a well known UK holiday destination the pub also benefits from visitors to the resort.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 25:75% split food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a clear vision for a food & drinks menu, entertainment offer such as weekly quizzes and marketing strategy and can create a memorable experience for their customers. It offers a great selection of a pub classic menu, popular beers, ciders, wines and spirits, and coffees.
The Cheshire Lines has two great outside trading areas, one to the front and one to the rear, the one at the rear is secured which is ideal for families to relax with their children while enjoying a drink and some food.
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
- Has worked with delivering a food offer
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
- Main trading area with bar
- Separate dining room
- 45 internal covers
- 65 external covers
- Kitchen
- HEINEKEN SmartDispense
- Garden both front and rear with the rear being a secure area.
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen, office and bathroom.
Estimated Total Ingoing Costs
£22,322
Estimated Minimum Ingoing Costs
£10,927
Annual Rent
£17,127
Estimated Annual Turnover
£370,184
Deposit
£4,282
Estimated Fixtures & Fittings Value
£8,540
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:
81, King Street, Southport, PR8 1LQ
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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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