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Park Inn Accrington

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Park Inn Accrington

68-70, Manchester Road, Accrington, BB5 2BN Pub Code: 0060362101

Pub Code: 0060362101

Foundation Tenancy

Est Min Ingoing Costs: £10,889

Annual Rent: £20,568

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The Area:

The pub benefits from being one of only five pubs found in an area of around 4,687 adults. The local customer base is made up of long-established terraced-street residents and newer families who value a friendly, great-looking community hub.

The Offer:

The Park Inn is available on our investment tenancy agreement. Click here for more information on this agreement.

A complete internal redecoration of bar, lounge and toilets, plus striking external paintwork, signage and lighting, will relaunch the Park Inn as the stand-out modern local on Accrington’s southern approach road. Initially wet-led, the redundant kitchen offers a ready opportunity for the new lessee to introduce a simple food offer when desired. We’re always open to new ideas - what would you do to drive trade?

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 Park Inn will have experience in hospitality businesses. They will have a clear vision for their drinks range, future food offer and community events 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…

  • Investment Tenancy

  • Catering Kitchen

  • Cask Ale

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

The Park Inn will be undergoing a refurbishment which will cover the entire trading area, toilets and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

  • The pub’s trading area and facilities post refurbishment will be:
  • Main trading area with bar
  • Separate sports & entertainment zones
  • Redundant catering kitchen (scope to reinstate)
  • HEINEKEN SmartDispense

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

The Park Inn has private accommodation.

Pub Financials Icon

Estimated Total Ingoing Costs

£28,317


Estimated Minimum Ingoing Costs

£10,889

Annual Rent
£20,568
Estimated Annual Turnover
£334,078
Deposit
£5,142
Estimated Fixtures & Fittings Value
£14,000
Estimated Stock Valuation
£5,675
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.

Location:

68-70, Manchester Road, Accrington, BB5 2BN

Google map location image of Park Inn Accrington
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