The Bird I'th Hand Wigan
Wigan Road, Hindley, Wigan, WN2 3BGAgreement Type: Foundation Tenancy
View details for The Bird I'th Hand WiganRefurbishment Planned
Grey Man Westhoughton
88-90, Hindley Road, Bolton, BL5 2JS
Pub Code: 2302165101
Key Features
- Investment Tenancy
- Refurbishment Planned!
- Drinks Led Offer
- Pub Games
- Outdoor Trade
- Live Sports
Est Min Ingoing Costs: £36,017
Annual Rent: £22,068
More Information
Community Local with a Premium Refurbishment
A major investment will transform the Grey Man into a classic & comfortable community pub. Redecorations throughout the interior will breathe a new lease of life into this pub. We will be refurbishing all the trading areas of the pub including the bar servery and lounge. This welcomed investment will make the pub more appealing to all local demographics by providing a welcoming atmosphere.
Externally, we will be installing all-new signage and lighting to catch the eye of passing trade. There will also be new decorations to the exterior of the pub to enhance the pubs new look.
Community Focused
The Grey Man is located on a busy suburban road near the town centre of Westhoughton. Westhoughton “Town” is the historic amalgamation of several villages and featured in the English Civil War in the battle of Warcock Hill, 20 minutes’ walk from the pub. It is also a 15-minute drive from the Trafford Centre.
The demographics surrounding the pubs consists of medium demographics and a strong community spirit.
Bags of Potential
The Grey Man can operate as a community favourite. The introduction of a fantastic drinks-led offer and beer garden will give the pub the potential to appeal to a broader range of consumers. This pub has bags of potential, all we’re looking for someone who is community minded that has a real passion for people…
Target Customers
As a suburban site in a very densely populated area, we expect the Grey Man to be:
• The pub of choice for the wide range of consumers and attract the local community looking for a great space to enjoy drinks with a warm, welcoming atmosphere
• The absolute focal point/hub for the well-established community that surrounds it
Offer
When refurbished, the Grey Man will offer:
• Wet-led, with a full Heineken UK range, no & low options, great wine, spirits and minerals.
• Potential for a coffee offer
• Live sports, music, pool, darts, quizzes and charity fund raising events
Trading Area & Facilities
The Grey Man will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘Refurbishment Details’ in the downloads.
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 Grey Man consists of two bedrooms, a lounge, kitchen and bathroom.
| Annual Rent | £ 22,068 |
| Estimated Annual Turnover | £ 391,388 |
| Deposit | £ 5,517 |
| Estimated Fixtures & Fittings Value | £ 22,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 36,017 |
| Estimated Minimum Ingoing Costs | £ 36,017 |
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:
88-90, Hindley Road, Bolton, BL5 2JS
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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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