Wheatsheaf Woodplumpton
34 Woodplumpton Road, Woodplumpton, Preston, PR4 0NEAgreement Type: Foundation Tenancy
View details for Wheatsheaf WoodplumptonRefurbishment Planned
Queens Arms Kirkham
7, Poulton Street, Kirkham, Preston, PR4 2AA
Pub Code: 0060384101
Key Features
- Investment Tenancy
- Refurbishment Planned!
- Pub Games
- Live Sports
Est Min Ingoing Costs: £38,136
Annual Rent: £18,543
More Information
Significant investment for Kirkham Local!
Following a full refurbishment inside and out, The Queens Arms will be transformed into a fantastic community pub with live sports and live entertainment.
Major investment will create a fabulous pub that will cater to the local community. There will be multiple zoned areas which will all undergo refurbishment, the bar will be remodelled, and the sports area will be improved to cater for the strong sports following the pub already has.
In addition, a fantastic external redecoration will enhance the pub’s kerb appeal with new signage and lighting.
Town-centre location
The Queens Arms is located in Kirkham. Kirkham is a beautiful little town sat between Preston and Blackpool and surrounded by several lovely little country villages. The pub is only a three-minute drive from the local train station. It sits right in the middle of town, amongst lots of retail shops and other hospitality businesses. The town is also surrounded by a great selection of established housing on all sides.
Tap into this pubs potential
The transformed Queens Arms will feature all the main sports attractions of Sky & BT plus regular events and live entertainment. The pub will attract a lot of the local wet trade, given that it is just a short walk from nearby housing developments, and it will also be a go-to destination to catch up over a drink. We would like to see you bring your own ideas and flair to make the most of this great opportunity.
Target Customers
The stunning new look at The Queens Arms will attract a broad demographic.
• All local customer groups, with various zones created throughout.
• Sports fans looking for a nice pub to watch live games & events.
• Passing trade from the high street at the weekends
Offer
The Queens Arms has the potential to be THE community pub in Leyland.
• Competitively priced draught lagers, beers, and ciders with the best brands on the market
• A simple coffee offer.
• Live sports with Sky & BT, pool, darts, dominoes as well as, quizzes, charity fundraisers and live entertainment.
Trading Area & Facilities
Works will be done throughout the pub, touching the lounge, darts room, bar servery, tap room, gents & ladies toilets as well as externally. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
Applicants should 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. The exemption 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, as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of three bedrooms, lounge, kitchen, office, bathroom and garage
| Annual Rent | £ 18,543 |
| Estimated Annual Turnover | £ 308,233 |
| Deposit | £ 4,636 |
| Estimated Fixtures & Fittings Value | £ 25,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 38,136 |
| Estimated Minimum Ingoing Costs | £ 38,136 |
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:
7, Poulton Street, Kirkham, Preston, PR4 2AA
More properties in this region
Black Bull Great Ecclestone
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View details for Black Bull Great Ecclestone
Stanley Preston
24 Lancaster Road, Preston, PR1 1DAAgreement Type: Foundation Tenancy
View details for Stanley PrestonTo 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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