Old Oak Hotel Longridge
111 Preston Road, Longridge, Preston, PR3 3BAAgreement Type:
Investment Tenancy
View details for Old Oak Hotel Longridge
Feildens Arms Blackburn
Feildens Arms Blackburn
Whalley Road, Blackburn, BB2 7PR Pub Code: 2303141101
Pub Code: 2303141101
Investment TenancyEst Min Ingoing Costs: £19,931
Annual Rent: £45,724
Stunning Ribble Valley Pub
The Feildens Arms at Mellor Brook is a beautiful traditional country Inn set in the stunning Ribble Valley. Located just 3 miles from Blackburn, 7 miles from Preston, and only 4 miles from J31 of the M6. Making it perfect for either the leisure or business visitor alike. Nearby attractions include Salmesbury Hall, Houghton Tower, Turton Tower, Clitheroe Castle, Ribchester Roman Fort, Sawley Abbey, plus it's within easy reach of Blackburn FC and of many local wedding venues, making it the ideal choice for people requiring rooms.
An extensive refurbishment will see The Feildens Arms transformed into a bustling local pub offering quality food, an extended beer garden and a stylish interior, with a large number of covers to meet demand. All it needs is an ambitious licensee with the talent to unlock its true potential.
Entrepreneurial & Experienced Food Led Operator Required
Available on our Investment Tenancy, click here for more information on our agreements. This exciting business opportunity would suit a professional operator keen to drive sales through the three quality income streams; Food, Drink and Rooms. This site would require an experienced operator with a strong background of running a high volume operation. This high end operator would have a vast range of entrepreneurial and social media skills and is up to date with trends in the industry. If this sounds like you, put in an application!
Trading Area & Facilities
The Feildens Arms will be completely refurbished internally and externally to offer a relaxing place to stay and dine whilst retaining the essence of a great village local. An acclaimed bar with quality food, and well stocked Real Ale bar, Cask Marque accredited where you will receive premium hospitality at it's finest. The Feildens Arms offers the perfect place to eat, drink, sleep and relax.
The newly refurbished, open-plan internal dining area will lead through to the conservatory onto a generously landscaped, al-fresco wrap-around dining area that can cater for over 100 guests. New contemporary signage and mood lit lighting internally and externally will create a warm and welcoming ambience that will attract the discerning diner for miles around.
The six en-suite letting rooms, complete with power showers and baths, will accommodate the desires of each and every guest. With flat screen TVs, comfortable beds, WiFi and more - you can guarantee your guests the best nights sleep.
Externally, the Feildens has car parking facilities accommodating up to 25 cars. Up to 60 customers can enjoy al-fresco dining in the fully redecorated and expanded beer garden.
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 & 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 at the Feildens comprises of 2 bedrooms, a lounge, kitchen/dining area, and bathroom.
Estimated Total Ingoing Costs
£47,931
Estimated Minimum Ingoing Costs
£19,931
Annual Rent
£45,724
Estimated Annual Turnover
£666,639
Deposit
£11,431
Estimated Fixtures & Fittings Value
£28,000
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:
Whalley Road, Blackburn, BB2 7PR
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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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