Railway Bromley Cross

Chapeltown Road, Bromley Cross, Bolton BL7 9LY

  • Railway Bromley Cross
  • Railway Bromley Cross
  • Railway Bromley Cross
  • Railway Bromley Cross
  • Railway Bromley Cross
  • Railway Bromley Cross
  • Railway Bromley Cross

Railway Bromley Cross

The subject of a proposed refurbishment, The Railway is located in a prominent location in the village of Bromley Cross. It is situated on the corner of the main road and adjacent to the railway station therefore has a strong steady stream of passing trade. The demographics show the area is affluent, consisting of experienced professionals and wealthy families.

The Railway has been an extremely successful live entertainment venue over the last few years, securing busy trade in the evenings. However, to build the business by attracting more local and passing trade, we are proposing a refurbishment that will see the outlet positioned as a mainstream pub with a good food offer.

We feel this would suit an experienced operator with a food back ground.

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).

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally a full refurbishment will take place, with both new décor and new fixtures and fittings. This will include a new floor - a mix of new timber and stone throughout - and the removal of the existing stage to allow for new seating, including both booth and high seating areas. The bar area will be reconfigured and the bar server will be fully refurbished to allow for a coffee offer.

Externally there will be a full redecoration, including a new signage and lighting scheme. This redecoration will create a beautiful garden area, featuring a pergola, as well as opening up the window areas to create better links between the internal and external areas of the pub. The façade will also be rendered to soften the feel of the building's exterior.

A new fitted kitchen will be installed to cater for the proposed new food offer.

There is parking available for around 20 cars.

Private Accommodation

The private accommodation consists of two bedrooms, living room, bathroom and kitchen. As part of our promise to you, we will ensure your private accommodation is in good order from day one so that you can focus your energy on getting the business right.

Premises Licence Details

See Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 12:00 - 00:00

Financials

Annual Rent £
40,750
Estimated Annual FMOP (Licensee Profit) £
41,544
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
553,172
Estimated Annual Barrelage
252

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 £
15,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
10,188
Rent In Advance £
784
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 £
33,157
Estimated Minimum Ingoing Costs £
28,977

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 £
1,722
Estimated Annual Maintenance Compliance Charge £
1,260
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