Run a Star Pub - Top Lock Hotel Wheelton - Chorley

Star Pubs Leased & Tenancy; Chorley; On-site; GBP 35,000 - 50,000; Full time

Job description

Pub Overview

Canal-side, Cask Ale Haven

Despite its picturesque countryside setting, The Top Lock is perfectly placed to draw on customers from surrounding towns and villages. In fact, there are over 1,200 adults living within a 20-minute walk and around 390,000 within a 20-minute drive. Alongside this, its proximity to the Leeds to Liverpool Canal and the West Pennine Moors creates the perfect opportunity for the incoming lessee to market the pub to tourists and walkers looking to savour quality fare in an honest country setting.

A Grade II listed building, The Top Lock is a quintessential rural inn with lots of variety. A tasteful refurbishment will capitalise on this. The refurbishment and redecoration of The Top Lock will create a cosy country pub with a contemporary offering. A roaring log burner and extensive drinks selection will create a cosy internal trading space throughout the year. Outside, the modernised beer garden, with increased covers and the popular ice cream parlour, will create a honeypot of customers during the warmer months.

Destination Pub Specialist Desired

This is a pub with great potential, all we're missing is the right person to drive it forward. So, could that be you?

Features

• Catering Kitchen
• Investment Tenancy
• Cask Ale
• Outdoor Trade
• Private Accommodation
• Refurbishment Planned

Trading Area & Facilities

A tasteful refurbishment including painted wall panelling, cosy leather seating and quirky framed artwork will enhance the pub’s existing character, whilst giving it a modern finish.

Externally the pub already enjoys scenic views over the canal and extensive works, including a new pergola, fixed poseur seating and festoon lighting will ensure the pub is the place to be for the whole community throughout the warmer months.

There is a car park located across from the site ensuring ample parking for guests.

Private Accommodation

Private accommodation in this destination outlet consists of (TBC) bedrooms, lounge, kitchen and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £54,200

Estimated Minimum Ingoing Costs: £54,200

Annual Rent: £35,691

Estimated Annual Turnover: £539,055

Deposit: £8,923

Estimated Fixtures & Fittings Value: £31,777

Estimated Stock Valuation: £10,000

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow