Royal Oak Aughton
134 Liverpool Road, Ormskirk, L39 3LWAgreement Type: Investment Tenancy
View details for Royal Oak AughtonRefurbishment Planned
Cheshire Lines
81, King Street, Southport, PR8 1LQ
Pub Code: 2302248101
Key Features
- Investment Tenancy
- Refurbishment Planned
- Town Centre Location
- Fantastic Beer Garden
Est Min Ingoing Costs: £49,128
Annual Rent: £30,512
More Information
Contemporary Refurbishment Planned for Southport Local!
The Cheshire Lines is located in Southport town centre. The pub itself is situated next to the main shopping area of Southport as well as the Southport Market. This can be competition to the pub but also gives the pub fantastic footfall and trade. The surrounding area is densely populated, with over 17,000 adults living within a 20-minute walk. A well-finished refurbishment will transform the Cheshire Lines into a more modern, community pub. Be sure to check out the Refurbishment Details document in the downloads section for more information.
What would you do with this pub to make it a success?
The offer
The Cheshire Lines is available on our investment tenancy agreement. Click here for more information on this agreement.
Post refurbishment, the Cheshire Lines will offer a value-led, but quality range of drinks including favourite lagers, spirits and wines. Some premium and craft beers such as Birra Moretti and Beavertown Neck Oil. A good value, traditional, home cooked pub classics menu. A basic coffee offer and entertainment such as quizzes and entertainment as part of the rhythm of the week & month
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the Cheshire Lines will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their 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 pubs next chapter
Trading Area & Facilities
A well-finished refurbishment will transform the Cheshire Lines into a more modern, community pub. Inside, the pub will be redecorated throughout. We will add new lighting, furniture and bric-a-brac to liven up the pubs aesthetic. The toilets will also receive essential works to bring them in line with the pubs new appearance.
Externally, the refurbishment will include the addition of all-new signage and lighting. As a listed building, the pub won’t receive any transformational changes, but will have a ‘face-lift’ to give it fantastic kerb appeal. We will also add new outdoor furniture and festoon lighting.
For an in-depth look at the planned refurbishment please refer to the "Refurbishment Details" document found in the Downloads section.
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the recruitment process.
Where a significant investment is made in a pub by Star Pubs & Bars, 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
The private accommodation consists of three bedrooms, living room, kitchen, office and bathroom.
| Annual Rent | £ 30,512 |
| Estimated Annual Turnover | £ 501,834 |
| Deposit | £ 7,628 |
| Estimated Fixtures & Fittings Value | £ 28,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 49,128 |
| Estimated Minimum Ingoing Costs | £ 49,128 |
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:
81, King Street, Southport, PR8 1LQ
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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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