Cottage Of Content Barton
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Old Oak Hotel Longridge
Old Oak Hotel Longridge
111, Preston Road, Longridge, Preston, PR3 3BA Pub Code: 0060351101
Pub Code: 0060351101
Investment TenancyEst Min Ingoing Costs: £68,059
Annual Rent: £43,235
Exciting Investment Opportunity: The Old Oak Pub Refurbishment Proposed!
Situated in Longridge near Preston, The Old Oak benefits from a prime location within a thriving community hub surrounded by picturesque countryside. The area's unique blend of shops, antique galleries, and proximity to the renowned Ribble Valley Food Trail makes it an attractive destination for locals and visitors alike, offering not just great food and drinks but also access to scenic walks and cycling routes.
Surrounded by a growing population of affluent residents, including over 7,000 adults within walking distance and ongoing housing developments, the pub holds immense potential for growth. With a focus on sourcing quality food locally, offering a curated drinks menu, and hosting a range of events from live sports to live entertainment, The Old Oak is set to distinguish itself in the market, providing a welcoming atmosphere for the community to gather and enjoy memorable experiences together.
When refurbished, The Old Oak will appeal to:
Local Residents Seeking Quality Dining - Customers who value locally sourced ingredients and top-notch food will flock to The Old Oak, known for its commitment to fresh produce from nearby farms and fisheries.
Community Socialisers - Residents and visitors seeking a friendly venue for socialising and live entertainment will choose The Old Oak as their preferred spot for connecting with friends and enjoying a vibrant atmosphere.
Outdoor Enthusiasts - Nature enthusiasts exploring the countryside and nearby trails will appreciate The Old Oak as an ideal stop, offering a new patio area and scenic views for unwinding after outdoor adventures.
Social Sports Fans - Fans eager to watch live sports from Sky and BT will frequent The Old Oak Pub, known for its lively atmosphere, quality food, and dedicated screenings of major sporting events.
When refurbished, The Old Oak will offer:
Drinks - A diverse range of beverages, from refreshing lagers and ciders to traditional cask ales, alongside a curated selection of spirits and wines that perfectly complement your meal.
Food - Top-tier dishes made from locally sourced ingredients, cooked to perfection to satisfy your taste buds and support local producers.
Coffee - A small range of teas and coffees will be on offer at the Old Oak.
Events - A vibrant weekly lineup filled with live entertainment and engaging activities, designed to create a lively atmosphere and bring patrons together for memorable experiences.
Trading Area & Facilities
Significant investment will be made to transform the Old Oak, with works being completed in the in the Bar, Games Room, Lounge, Kitchen & Cellar and generally throughout. Please review the "Refurbishment Details" document under Downloads for more information on the proposed refurbishment and to view the floor plan.
Private Accommodation
The private accommodation at the Old Oak has a lounge, kitchen, bathroom and two bedrooms.
Estimated Total Ingoing Costs
£68,059
Estimated Minimum Ingoing Costs
£68,059
Annual Rent
£43,235
Estimated Annual Turnover
£640,051
Deposit
£10,809
Estimated Fixtures & Fittings Value
£45,750
Estimated Stock Valuation
£8,000
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:
111, Preston Road, Longridge, Preston, PR3 3BA
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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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