The Spinning Mill Colne
Burnley Road, Colne, BB8 8LFAgreement Type:
Investment Tenancy
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Walmesley Arms Great Harwood
Walmesley Arms Great Harwood
26, Queen Street, Great Harwood, BB6 7QQ Pub Code: 0060490101
Pub Code: 0060490101
Foundation TenancyEst Min Ingoing Costs: £9,541
Annual Rent: £12,495
Great Lively Local
The Walmesley Arms, a popular pub which can be found on Queen Street road, Great Harwood, in Blackburn, located on a prominent corner plot of the high street. A vibrant high street, the pub benefits from passing trade and a demographics of families, professionals and mature couples.
As this pub is currently 100% drinks led, a superb opportunity exists to introduce a simple food offer to help boost trade in an already thriving community business.
Community Champion Wanted
The Walmesley Arms, a popular pub which can be found on Queen Street road, Great Harwood, in Blackburn, located on a prominent corner plot of the high street. A vibrant high street, the pub benefits from passing trade and a demographics of families, professionals and mature couples.
As this pub is currently 100% drinks led, a superb opportunity exists to introduce a simple food offer to help boost trade in an already thriving community business.
Community Champion Wanted
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
Internally the Walmesley Arms is a 2 bar operation with a horseshoe effect bar. The pub has a traditional look and feel about it with comfortable seating throughout along with area for traditional pub games.
Private Accommodation
The private accommodation at the Walmesley Arms consists of Lounge, Kitchen, Bathroom and two bedrooms.
Estimated Total Ingoing Costs
£21,623
Estimated Minimum Ingoing Costs
£9,541
Annual Rent
£12,495
Estimated Annual Turnover
£277,948
Deposit
£3,123
Estimated Fixtures & Fittings Value
£10,000
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:
26, Queen Street, Great Harwood, BB6 7QQ
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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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