Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.
Register
The Spinning Mill Colne
Burnley Road, Colne, BB8 8LF
Pub Code: 2302366101
Key Features
- Busy Local
- Real Ales on Tap
- Traditional Pub Games
- Great Beer Garden
Est Min Ingoing Costs: £9,807
Annual Rent: £15,951
More Information
Community Pub with Plenty of Potential
The Spinning Mill is a charming community local situated on a busy roadside on the boundary of Colne and Nelson. The area is supported with good demographics and locals consist mainly of young couples, families and mature couples. Great footfall opportunities exist through the well-known Boundary Mill Stores in Colne, the major supermarket nearby and some of the local businesses in the immediate area.
The pub is currently known for its welcoming atmosphere and in recent times, great pub grub. The Pubs internal layout is easily manageable on the one hand that it’s a one room operation, but the carefully designed zones does allow it to be all things to all people: Staff can easily manage drinkers playing pub sports such as Pool or Darts while catering for casual diners or even semi private functions in the ‘dining area’ of the pub.
The pub would suit a food menu that plays into the home cooked with fresh ingredients arena, possibly even locally sourced and promote itself of being a pride of Pendle and the surrounding areas. All the local classics should feature, such as homemade pies and the beloved Sunday Roast. Cask Ale can also a big winner at this pub.
Experienced Local Operator Wanted
Are you a local operator who has experience running a similar pub? You will have prior experience with food and have the ability to engage with your customers through your friendly manner and social media marketing. As passion for cask ales would also be beneficial.
The Spinning Mill is a charming community local situated on a busy roadside on the boundary of Colne and Nelson. The area is supported with good demographics and locals consist mainly of young couples, families and mature couples. Great footfall opportunities exist through the well-known Boundary Mill Stores in Colne, the major supermarket nearby and some of the local businesses in the immediate area.
The pub is currently known for its welcoming atmosphere and in recent times, great pub grub. The Pubs internal layout is easily manageable on the one hand that it’s a one room operation, but the carefully designed zones does allow it to be all things to all people: Staff can easily manage drinkers playing pub sports such as Pool or Darts while catering for casual diners or even semi private functions in the ‘dining area’ of the pub.
The pub would suit a food menu that plays into the home cooked with fresh ingredients arena, possibly even locally sourced and promote itself of being a pride of Pendle and the surrounding areas. All the local classics should feature, such as homemade pies and the beloved Sunday Roast. Cask Ale can also a big winner at this pub.
Experienced Local Operator Wanted
Are you a local operator who has experience running a similar pub? You will have prior experience with food and have the ability to engage with your customers through your friendly manner and social media marketing. As passion for cask ales would also be beneficial.
Trading Area & Facilities
Internally the Spinning Mill is a one bar operation, divided into zones, of drinking, eating and traditional pub games. This is a traditional pub with a cosy homely feel and generous amounts of light from the large glazed windows.
The site also benefits from an additional income stream of two Gaming Machines.
Externally the hidden gem of a great beer garden to accommodate your guests with picnic style bench sets. Parking facilities also available for approximately twenty vehicles.
The site also benefits from an additional income stream of two Gaming Machines.
Externally the hidden gem of a great beer garden to accommodate your guests with picnic style bench sets. Parking facilities also available for approximately twenty vehicles.
Private Accommodation
Private accommodation at the pub consists of two bedrooms, an office, lounge, kitchen and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Premises Licence Details
Please refer to the Premises License for further details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 01:30 |
11:00 - 01:30 |
11:00 - 01:30 |
12:00 - 01:30 |
| Annual Rent | £ 15,951 |
| Estimated Tenants Annual Operating Profit | £ 17,950 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 175 |
| Estimated Annual Turnover | £ 263,840 |
| Estimated Annual Barrelage | 177 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 14,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 3,988 |
| Rent in Advance | £ 307 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 24,795 |
| Estimated Minimum Ingoing Costs | £ 9,807 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 2,148 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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
Pub Vacancy Alerts
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download