Farmers Arms Burscough
36 New Lane, Ormskirk, L40 8JAAgreement Type:
Foundation Tenancy
View details for Farmers Arms Burscough
Plough Freckleton
Plough Freckleton
2, Lytham Road, Freckleton, Preston, PR4 1XA Pub Code: 0091238101
Pub Code: 0091238101
Investment TenancyEst Min Ingoing Costs: £36,894
Annual Rent: £16,079
Refurbishment to community pub in Freckleton
The Plough offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area
The pub benefits from being one of two pubs found in an area of around 3,500 adults. The customer base is made up of local residents in a semi-rural village setting.
The Plough is located in Freckleton village centre, a beautiful little village on the banks of the River Ribble estuary and at the end of the runway of BAE Systems where the Jaguar, Tornado and Eurofighter RAF fighters were developed and continue to return for service and repair. The A584 connects Preston and the M6 through Lytham, St Annes and on to Blackpool. There is a good bus service through the village and trains to the nearby Kirkham.
The offer
The Plough is available on our investment tenancy agreement. Click here for more information on this agreement.
It will offer traditional pub and home-cooked food alongside the best beers and ciders Heineken UK have to offer and some cask ale. There will be Sky, BT and local live entertainment including quizzes and bingo.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 Plough will be undergoing a refurbishment which will cover the internal and external trading areas (excluding the kitchen).
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 dining area
- 60 internal covers
- 100 external covers
- Kitchen
- Sports area
- Split-level outdoor drinking area with play space
- Car park
- Private accommodation
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
TBC
Estimated Total Ingoing Costs
£36,894
Estimated Minimum Ingoing Costs
£36,894
Annual Rent
£16,079
Estimated Annual Turnover
£367,332
Deposit
£4,019
Estimated Fixtures & Fittings Value
£24,375
Estimated Stock Valuation
£5,000
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:
2, Lytham Road, Freckleton, Preston, PR4 1XA
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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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