Park View Burnley

3 Higgin Street, Burnley, Burnley BB10 4DZ

  •  Park View Burnley

Park View Burnley

Focal Point of the Community

A stones through away from Burnley Football Club is where you will find the Park View. This is an iconic site and in years gone by benefited from a high footfall of fans visiting the home stadium on match days. We are looking transform this site and welcome back visitors not only match days, but grow the untapped potential of the venue.

Do you have great entrepreneurial spirit?

We believe our proposed project (details to follow) will significantly enhance the business potential of the Park View. We will turn something that is old and tired into an amazing venue. Bring your entrepreneurial spirit to make this great and unique opportunity into something special. If this sounds like you, please come and talk to us.

Pub Features

  • Rolling Tenancy
  • Weekly Billing

Trading Area & Facilities


Internally the Park View will have a transformational face lift. Externally the site will benefit from a makeover making it the iconic site it deserves to be.

Private Accommodation

The private accommodation at the Park View consists of three bedrooms, lounge, kitchen, bathroom and office. In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Details to follow.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
37,000
Estimated Annual FMOP (Licensee Profit) £
41,730
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
525,797
Estimated Annual Barrelage
351

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased