Old Crow Newton Le Willows
248 Crow Lane East, Newton Le Willows, WA12 9TZAgreement Type: Foundation Tenancy
View details for Old Crow Newton Le WillowsRefurbishment Planned
Millstone Newton Le Willows
71, Mill Lane, Newton Le Willows, WA12 8BG
Pub Code: 2302172101
Key Features
- Extensive Refurbishment Planned
- Great Location
- Premium Food & Drink Offer
- Large Beer Garden
- Light Entertainment
- Investment Tenancy
Est Min Ingoing Costs: £101,578
Annual Rent: £70,000
More Information
Coming Soon - We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime so apply today!
Excellent Demographic
Conveniently situated next to a busy train station, with direct links to both Manchester and Liverpool, The Millstone’s prime location gives it the potential to become the go-to afterwork pub for local commuters. It also sits at the heart of an affluent area with rising demographics which is in desperate need of a premium yet warm and welcoming local pub to meet demand.
Post-refurbishment, the venue will offer customers a premium pub experience with great locally sourced food, exciting drinks, fantastic coffee and weekly pub quizzes and light entertainment to bring the local community together. Could you be the one to take it to the next level?
Fantastic Potential
This is an incredible opportunity to take on a pub business that’s ready for refurbishment and growth. The Millstone has huge potential which is just waiting to be unlocked by the right licensee. Could you be the one to take it to the next level?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Millstone will have extensive experience in a successful hospitality business. They will have a clear vision for their food & drinks menus 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 pub will undergo an extensive refurbishment throughout. The Bar area will be extended to create a larger space with more covers and then redecorated to create a cosy andcomfortable yet modern and stylish pub. New altro will be added to the trade kitchen to support the expected increase in use.
To capitalise on The Millstone’s premium location near Newton Le Willows train station, the external areas will be completely revamped in line with the new premium offering to increase kerb appeal for commuters. A large beer garden offering an impressive number of outdoor covers.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of 4 bedrooms, lounge, kitchen and 2 bathrooms.
| Annual Rent | £ 70,000 |
| Estimated Annual Turnover | £ 1,029,323 |
| Deposit | £ 1,750 |
| Estimated Fixtures & Fittings Value | £ 50,578 |
| Estimated Stock Valuation | £ 30,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 101,578 |
| Estimated Minimum Ingoing Costs | £ 101,578 |
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:
71, Mill Lane, Newton Le Willows, WA12 8BG
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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