Rose & Crown Chorley
15 St Thomas Road, Chorley, PR7 1HPAgreement Type: Foundation Tenancy
View details for Rose & Crown ChorleyRefurbishment Planned
Bretherton Arms Chorley
252, Eaves Lane, Chorley, PR6 0ET
Pub Code: 0060173101
Key Features
- Investment Tenancy
- Exciting Refurbishment Planned
- Known for Quality Ales
- Large Beer Garden
- Weekly Entertainment
Est Min Ingoing Costs: £29,862
Annual Rent: £25,447
More Information
Chorley's Premium Local!
Located in a highly-populated part of Chorley, with more than 11,000 adults living within a 20-minute walk radius, The Bretherton Arms benefits from great visibility, passing trade and very little competition.
Post refurbishment, the interior will be entirely redecorated with new fixtures and fittings and bric-a-brac.The installation of a kitchen serving home cooked pub classics will guarantee year-round appeal for locals looking to socialise while enjoying great pub food and premium drinks.
Can you be the best Landlord in Town?
The Bretherton Arms has the potential to become the go-to social hub for local groups, couples and individuals looking for somewhere new to socialise and enjoy weekly entertainment, including quizzes, games/comedy nights and acoustic live music. All it needs is a community focused operator who's driven to unlock its potential. Could that be you?
Located in a highly-populated part of Chorley, with more than 11,000 adults living within a 20-minute walk radius, The Bretherton Arms benefits from great visibility, passing trade and very little competition.
Post refurbishment, the interior will be entirely redecorated with new fixtures and fittings and bric-a-brac.The installation of a kitchen serving home cooked pub classics will guarantee year-round appeal for locals looking to socialise while enjoying great pub food and premium drinks.
Can you be the best Landlord in Town?
The Bretherton Arms has the potential to become the go-to social hub for local groups, couples and individuals looking for somewhere new to socialise and enjoy weekly entertainment, including quizzes, games/comedy nights and acoustic live music. All it needs is a community focused operator who's driven to unlock its potential. Could that be you?
Trading Area & Facilities
Internally the Bretherton Arms is an open spaced, one bar operation. It'll be refurnished with new, modern seating suitable for over 60 covers. Works will be done to the entrance, lounge areas, bar areas and bar servery to create a modern, rustic environment. An additional income stream is provided with a Gaming Machine.
Externally, we're creating a brand new, spacious beer garden at the rear of the pub with room for 124 covers. This will encourage alfresco drinking and dining throughout the warmer months. There is a small car park on site with street parking available.
Please refer to the attached Refurbishment Details for more information on the planned investment.
Please 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 & Bars, an "Investment Exemption" will be required. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation at the Bretherton Arms consists of 3 bedrooms, a lounge, kitchen, bathroom and separate toilet.
| Annual Rent | £ 25,447 |
| Estimated Annual Turnover | £ 412,117 |
| Deposit | £ 6,362 |
| Estimated Fixtures & Fittings Value | £ 15,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 29,862 |
| Estimated Minimum Ingoing Costs | £ 29,862 |
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:
252, Eaves Lane, Chorley, PR6 0ET
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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