Park Inn Accrington

68-70 Manchester Road, Accrington, BB5 2BN

  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington
  • Park Inn Accrington

Park Inn Accrington

Renowned Reputation - Quality Business

Known for being a traditional pub with friendly, helpful staff, the Park Inn Accrington is located on a busy main road with good level of passing trade along with a loyal customer base. Please refer to the Pub Catchment report for all the key numbers, highlighting that within a 10 minute walk-time Info catchment of Adults 18+ plus is 3,781 and within 20 minutes some 14,188 18+ Adults.

We are looking for an experienced Operator

Are you a talented operator who has prior experience running a similar business? Looking for a local hero. You will be as passionate about pubs as we are and understand the importance of good food and great service. It would be preferable if you have prior experience running a similar business.

Business Development Manager's Vision

This is a business that does well, it is not a circuit pub. The pub would suit a variety of home cooked pub grub, offering all the classics such as pies and burgers along with some more on trend items. Looking for a local hero, single operator or couple who have experience running a similar operation.

Pub Features

  • Rolling Tenancy
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the Park Inn Accrington is a one bar operation, traditional in style, with comfortable seating throughout accommodating approximately 40 covers. With large windows giving good natural light, the venue is bright in colour, warm and welcoming.

Externally there is a gem of a courtyard for those alfresco moments. There is no car park connected with the pub, street parking only.

Private Accommodation

The private accommodation of the Park Inn Accrington to be confirmed - bedrooms, a lounge, kitchen, bathroom. Where necessary we will freshen in line with our ready to trade promise.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 02:30 08:00 - 02:30 08:00 - 00:30

Financials

Annual Rent £
25,500
Estimated Annual FMOP (Licensee Profit) £
25,182
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
319,230
Estimated Annual Barrelage
175

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
812
Estimated Annual Maintenance Compliance Charge £
789
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased