Victoria Lostock Hall
54 Watkin Lane, Lostock Hall, Preston, PR5 5RDAgreement Type: Investment Tenancy
View details for Victoria Lostock HallComing Soon
Stanley Preston
24, Lancaster Road, Preston, PR1 1DA
Pub Code: 0060109101
Key Features
- Foundation Tenancy
- City Centre Location
- Function Room
- Live Entertainment
Est Min Ingoing Costs: £14,417
Annual Rent: £35,000
More Information
Coming Soon - We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime so apply today!
The Stanley is a wet led with food opportunity pub located right in the centre of Preston, surrounded by a good circuit of pubs and right next to the Preston Guild Hall.
The Stanley is part of a busy circuit of pubs – very popular during the evening and weekends. The potential of this pub lies in increasing day time trade from nearby offices, introducing a good quality sports viewing offer as well as introducing coffees. There’s potential to introduce a simple, sport related food offer to increase trade. The Stanley also benefits from an upstairs function room with its own bar, perfect for special events and functions.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The site currently has the ability to drive trade via live entertainment, pub games machines and televisions for live sports to be introduced. The Stanley offers a selection of popular beers, ciders, wines and spirits with an opportunity to introduce cask ale and coffees. 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 pub will have extensive experience in a city centre pub business. They will have a clear vision for their food & drinks menu, sports offer and marketing strategy 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…
Trading Area & Facilities
- Pavement trading license
- Smart Dispense
- Upstairs Function Room
- Fit for purpose catering kitchen
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom and office.
| Annual Rent | £ 35,000 |
| Estimated Annual Turnover | £ 520,000 |
| Deposit | £ 8,750 |
| Estimated Fixtures & Fittings Value | £ 12,000 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 32,250 |
| Estimated Minimum Ingoing Costs | £ 14,417 |
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:
24, Lancaster Road, Preston, PR1 1DA
More properties in this region
Pleasant Retreat Lostock Hall
2 Watkin Lane, Lostock Hall, Preston, PR5 5RDAgreement Type: Foundation Tenancy
View details for Pleasant Retreat Lostock Hall
Wheatsheaf Leyland
16 Leyland Lane, Leyland, PR5 8PHAgreement Type: Investment Tenancy
View details for Wheatsheaf LeylandTo 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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