Wheatsheaf Woodplumpton
Wheatsheaf Woodplumpton
34, Woodplumpton Road, Woodplumpton, Preston, PR4 0NE Pub Code: 0060499101
Pub Code: 0060499101
Investment TenancyEst. Annual Turnover: £562,811
Annual Rent: £34,506
A refurbishment in the region of £214,250 is planned for the Wheatsheaf, Woodplumpton, transforming it into a contemporary premium local that reflects the heritage of the property, with a strong focus on home-cooked food, outstanding service and its role at the heart of the village.
What would you do with this pub to make it a success?
About the area
The Wheatsheaf is located in the rural village of Woodplumpton and is the only pub in the village, serving both Woodplumpton and the surrounding hamlets. Around 369 adults live within walking distance, while there are no competing pubs within a 20-minute walk, making the Wheatsheaf an important part of the local community.
The pub currently has an opportunity to attract more destination visits. Following the refurbishment, it will be repositioned as a reinvigorated premium local, appealing particularly to families and casual diners as well as customers looking to watch sport and enjoy key events.
With refreshed surroundings, a stronger food proposition and a renewed focus on community occasions, the Wheatsheaf has the opportunity to become a true "pub as hub" for the village while also attracting customers from further afield.
The offer
Wheatsheaf, Woodplumpton is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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.
The successful operator will embrace the Wheatsheaf's position within the village and develop a truly community-focused proposition. Food will be central to the offer, while there is also scope for the new operator to shape the pub's wider events and entertainment offer.
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
The refurbishment of the Wheatsheaf will cover both the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Snug area
- Separate games and sports zone
- Approximately 80 internal covers
- Catering kitchen
- HEINEKEN SmartDispense
- Pub garden
- Approximately 90 external covers
- Car park with approximately 19 spaces
- Private accommodation comprising three bedrooms, lounge and bathroom
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, 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
Private accommodation at the Wheatsheaf Woodplumpton consists of 3 bedrooms, a living room, kitchen, bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£52,577
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.
What we're planning & why
A refurbishment in the region of £214,250 is planned for the Wheatsheaf, covering both the interior and exterior of the pub. The investment will create a contemporary premium local while retaining the traditional country pub character and heritage of the property.
The project will refresh the pub throughout, improve its roadside presence and upgrade the commercial kitchen to support a stronger food proposition.
What's happening?
Externally, the Wheatsheaf will benefit from complete decoration and new signage, creating a refreshed and appealing roadside presence that clearly signals the significant investment being made in the pub.
Internally, decoration throughout will create a traditional country pub look and establish a welcoming premium local capable of catering for a variety of occasions. The refreshed environment will help place the Wheatsheaf back at the heart of the local community while giving customers from outside the village more reasons to visit.
The commercial kitchen will also be upgraded to support a developed food proposition and enable the pub to attract destination dining trade. Food will be key to the future business, with the opportunity to build a reputation around great home-cooked dishes and outstanding service.
Alongside dining, the Wheatsheaf has the potential to become a village hub for watching sport, key events and community occasions. The new operator will have the opportunity to develop these areas of the offer and bring their own ideas to the business.
Why invest?
This investment will reposition the Wheatsheaf as a relevant premium local and help rebuild its reputation within the community. Its position as the only pub in the village, combined with upgraded facilities, an improved food offer, refreshed interiors and stronger kerb appeal, creates an opportunity to increase both local and destination visits.
The refurbishment is anticipated to double turnover, supported by increased food trade, more occasions to visit and greater appeal to customers from Woodplumpton and the surrounding area.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Personal Recommendation
"The scheme will deliver a relevant premium local and provide an opportunity to provide a real asset back to this beautiful village."
— Paul Alldis, Investment Manager
Location:
34, Woodplumpton Road, Woodplumpton, Preston, PR4 0NE
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Nearby events
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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