Coach & Horses Cadishead
Coach & Horses Cadishead
Liverpool Road, Cadishead, M44 5DB Pub Code: 0091116101
Pub Code: 0091116101
Investment TenancyEst. Annual Turnover: £452,465
Annual Rent: £29,329
A refurbishment in the region of £120,341 is planned to transform the Coach & Horses into a refreshed community pub that builds on its traditional wet-led character while creating a more premium and versatile experience for local customers. What would you do with this pub to make it a success?
About the area
The Coach & Horses is a roadside community pub on busy Liverpool Road in Cadishead, surrounded by a mix of shops, food outlets and housing. Its prominent position gives the pub strong visibility and places it at the heart of the local community.
There are 3,914 adults living within walking distance of the pub. The existing trade is predominantly wet-led, with a traditional, value-focused offer and an established community customer base. Following refurbishment, the pub will retain its relevance for regular customers while broadening its appeal and building a wider following.
Competition nearby is limited, with three competitors within the area. The main alternatives are The Plough, a community wet-led pub, and The Firs, a social club with an entertainment focus. The investment will help the Coach & Horses stand out through a refreshed traditional pub environment, improved sports viewing and entertainment spaces, a cask ale offer and an upgraded outdoor area designed to become one of the strongest local options.
The offer
Coach & Horses is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 refurbishment of the Coach & Horses will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Snug area
- Separate games and sports zone
- 64 internal covers
- 126 external covers
- Pub garden
- 20-space car park
- Private accommodation with three bedrooms, lounge and bathroom
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
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£27,332
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.
What we're planning & why
The Coach & Horses is set to benefit from an estimated £120,341 investment covering both the interior and exterior. The scheme will refresh the pub throughout, strengthen its roadside presence, improve the outdoor trading space and create a more premium environment for community occasions, sociable drinks, sport and occasional entertainment.
What's happening?
Externally, the pub will receive complete decoration and new signage to create a more relevant and appealing roadside presence. The refreshed frontage will clearly demonstrate the change at the pub, helping to attract passing customers and improve visibility.
Inside, decoration throughout will create a more premium experience while maintaining the Coach & Horses' traditional wet-led community feel. The aim is to retain the relevance of the pub for current and lapsed customers while giving people more reasons to visit across the week and a greater sense of trading up.
The outside area will also be upgraded, creating a stronger spring and summer trading opportunity and a key point of difference for the pub. The offer will include cask ale, premium sports viewing and occasional quality entertainment. The new operator will also have the opportunity to shape the wider offer and build strong links within the local community.
Why invest?
The investment is designed to rebuild and strengthen the Coach & Horses' position as a community favourite, address underused areas and bring the pub up to modern customer expectations. The combination of a stronger frontage, refreshed interior, improved entertainment and sports areas, and a better outdoor offer is expected to broaden appeal while retaining the pub's established customer base.
Turnover is expected to increase by 50% following the transformation.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Park Inn, Accrington has recently undergone a similar transformation to what we are planning for Coach & Horses.
Personal Recommendation
"This pub has been a community favourite and the investment, coupled with an energised operator, will ensure that it remains so. We’re not necessarily looking for an experienced operator, more someone who can be the face of the pub and retain and build links within the community."
— Paul Alldis, Investment Manager
Location:
Liverpool Road, Cadishead, M44 5DB
Selected pub
Other pubs
Nearby events
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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