The Albion
600 Whitworth Road, Rochdale, OL12 0SWAgreement Type:
Foundation Tenancy
View details for The Albion
Gallows Milnrow Rochdale
Gallows Milnrow Rochdale
Wild House Lane, Rochdale, OL16 3JW Pub Code: 2303420101
Pub Code: 2303420101
Foundation TenancyEst Min Ingoing Costs: £9,801
Annual Rent: £20,639
The Gallows is located in Milnrow with close public transport links into Rochdale. The pub benefits from being close to Hollingworth Lane Country Park and Tunshill Golf Club, bringing in lots of footfall.
The pub benefits from being one of 2 pubs found in an area of around 3,300. The highly affluent customer base is made up of young adults.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong 50 / 50 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment and live sports. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
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 pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and sports offer 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 pub’s next chapter…
Trading Area & Facilities
Main trading area with bar
Separate dining room
Approx. 50 internal covers
Catering kitchen
SmartDispense
Car park with 6 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, a kitchen, bathroom & living room.
Estimated Total Ingoing Costs
£19,045
Estimated Minimum Ingoing Costs
£9,801
Annual Rent
£20,639
Estimated Annual Turnover
£357,201
Deposit
£5,160
Estimated Fixtures & Fittings Value
£5,804
Estimated Stock Valuation
£4,581
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:
Wild House Lane, Rochdale, OL16 3JW
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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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