The Northern Manchester
73-75 Oldham Street, Manchester, M4 1LWAgreement Type:
Just Add Talent
View details for The Northern Manchester
Miners Arms Macclesfield
Miners Arms Macclesfield
Wood Lane North, Adlington, Macclesfield, SK10 4PF Pub Code: 0020370101
Pub Code: 0020370101
Long-Term FRI LeaseEst Min Ingoing Costs: £205,927
Annual Rent: £109,706
Golden Opportunity
The Miners Arms will be a very special place post-investment, a market leading gastro pub standing head and shoulders above the competition. Situated in the affluent village of Adlington on the edge of Macclesfield, the venue will attract an array of people from families and couples to mixed groups and day-trippers. With a population of over 10,000 in the surrounding area, The Miners Arms - combined with its extensive £700,000 refurbishment - will be the most atmospheric and trendy venue in the area.
It will have a fantastic food offer for the 130+ internal covers and 180+ external covers. On the bar there will be premium lagers, craft beers, cask ales and a great range of high-quality wines and spirits. The investment includes an extension to increase covers, which will flow round to a great terrace area that steps down to a large, beautifully landscaped rear garden.
Entrepreneurial and Experienced Operator Wanted!
Available on our 15 year Fully Repairing and Insuring lease, which is perfect for experienced licensees who want time to build up the value of their business and accrue the return on their investment.
The Miners Arms has strong potential to be a stand-out, successful and much-loved pub, all we’re missing is the right person to run it. We are looking for a highly skilled operator capable of delivering high turnover figures with the vision, drive and ambition to push the business forward.
Trading Area & Facilities
The refurbishment to the Miners Arms will transform all aspects of the pub. Internally, a brand new dedicated dining room will create a stylish and airy space for customers to enjoy meals. Works include new flooring and furnishing with feature booth seating, the installation of a feature skylight and a contemporary design to the artwork and painting. The large bar servery will also be upgraded in line with the new premium look and feel of the Miners Arms. Exciting work is also being done to the bar, snug and lounge areas - including a feature wine wall display and a new mid-height chef's table for groups and special occasions, alongside the new flooring, furnishing and decor. These are just a few of the improvements we're making internally, allowing for 130+ covers. Be sure to review the 'Refurbishment Details' in the downloads section to see the full scheme.
Our investment isn't limited to the inside of the pub. To capitalise on The Miners Arms’ new premium offering, the external areas will be completely revamped. Externally, we're extending the beer garden and terrace to increase covers to 180. The outside area will benefit from stylish new furniture, paving, festoon lighting, and landscaping, and there is also a external bar servery to maximise sales opportunities during peak trading times in the spring and summer.
For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section
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
Private accommodation at the Miners Arms is to be confirmed.
Estimated Total Ingoing Costs
£205,927
Estimated Minimum Ingoing Costs
£205,927
Annual Rent
£109,706
Estimated Annual Turnover
£1,231,539
Deposit
£27,427
Estimated Fixtures & Fittings Value
£150,000
Estimated Stock Valuation
£25,000
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:
Wood Lane North, Adlington, Macclesfield, SK10 4PF
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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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