Anchor Inn Colne
Salterforth Lane, Salterforth, Colne, BB18 5TTAgreement Type:
Investment Tenancy
View details for Anchor Inn Colne
Duckworth Hall Oswaldtwistle
Duckworth Hall Oswaldtwistle
15, Duckworth Hall, Oswaldtwistle, BB5 3RQ Pub Code: 0060237101
Pub Code: 0060237101
Investment TenancyEst. Annual Turnover: £488,257
Annual Rent: £30,101
The Duckworth Hall is due for a refurbishment with a planned spend in the region of £206,000 to transform it into a refreshed traditional country pub with a strong destination food offer. What would you do with this pub to make it a success?
About the area
The Duckworth Hall sits in a rural destination location in Oswaldtwistle, just off a busy junction, giving it strong roadside visibility and a clear opportunity to attract both local residents and passing customers. There are 563 adults within a 20-minute walk of the pub, with a much wider drive-to catchment for those seeking quality food in a traditional country pub setting.
The pub currently has an opportunity to grow beyond a basic offer and attract more destination visits. With only one principal local competitor noted in the briefing, the refurbishment will help reposition the Duckworth Hall as a standout choice for fresh, home-cooked food, relaxed drinks, dog walkers, local residents and diners looking for a country pub experience.
The offer
Duckworth Hall 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
We're looking for someone with strong food-led hospitality experience who can bring a clear vision for quality, traditional pub food in a beautiful rural setting.
If you've benefited from running or owning a hospitality business, we'd love to hear what experience you can bring. The right operator for Duckworth Hall will have extensive experience in food-led hospitality businesses. They will have a clear vision for the food menu, drinks offer and marketing strategy, and can create a memorable experience for their 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 Duckworth Hall 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
- Separate dining room
- Snug area
- 74 internal covers
- 36 external covers
- Catering kitchen
- Pub garden
- Car park with 40 spaces
- Private accommodation with three bedrooms, living room, kitchen 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
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
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
£45,025
Annual
Estimated Annual Turnover
£488,257
Annual Rent
£30,101
Entry Costs
Deposit
£7,525
Estimated Fixtures & Fittings Value
£30,000
Stock Valuation
£4,000
Working Capital Required
£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.
What we're planning & why
The planned £206,000 refurbishment will cover both the interior and exterior of the Duckworth Hall. The project will refresh the pub's roadside presence, improve the internal look and feel, create a traditional country pub atmosphere and upgrade the kitchen so the business can deliver a stronger destination food offer.
What's happening?
Externally, the pub will benefit from complete decoration and new signage, helping create a more appealing and visible roadside presence. This will support stronger kerb appeal and help attract passing customers, local residents and those looking for a rural pub dining experience.
Inside, the trading areas will be redecorated throughout to create a traditional country pub look and feel. A snug area with harder finishes will be created, making the pub more welcoming for dog walkers and customers coming in with muddy paws and boots after time outdoors.
The commercial kitchen will also be upgraded, giving the incoming operator the facilities needed to deliver a stronger fresh food proposition. Food is central to the opportunity at the Duckworth Hall, with the refurbishment designed to help the pub become known for great home-cooked food in a relaxed rural setting.
Why invest?
This investment is designed to give the Duckworth Hall the tools to grow trade by improving visibility, refreshing the customer experience and strengthening its food-led appeal. With a better kitchen, refreshed trading areas and improved external presentation, the pub will be better placed to attract destination diners, dog walkers and local customers. The refurbishment is anticipated to help turnover double by creating more reasons to visit throughout the week.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
The Stanhill Pub & Kitchen has recently undergone a similar transformation to what we are planning for Duckworth Hall. To see the result, visit The Stanhill Pub & Kitchen website.
Personal Recommendation
""While food experience is key, running a pub is less so. This is a brilliant opportunity for someone passionate about food to run their own business in a beautiful setting.""
— Paul Alldis
Location:
15, Duckworth Hall, Oswaldtwistle, BB5 3RQ
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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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