Pleasant Retreat Lostock Hall

2 Watkin Lane, Lostock Hall, Preston, PR5 5RD

  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall
  • Pleasant Retreat Lostock Hall

Pleasant Retreat Lostock Hall

Well-Established Community Pub

The Pleasant Retreat is a well-established pub at the centre of Lostock Hall, a suburb of Preston. The site benefits from its roadside location and proximity to the main shopping strip of the town. The residents of Lostock Hall tend to be maturing families on mid-range incomes, enjoying comfortable lifestyles.

Whilst being a town centre pub, the Pleasant Retreat has a strong local trade and has the opportunity to gain both pool and football teams. It has a strong following in the local area and is known to be part of the local community. Our future vision for the Pleasant Retreat is to maintain current wet trade whilst introducing a good quality food offer to take advantage of the catering kitchen.

Experienced, Friendly Operator Wanted!

Therefore the ideal licensee should be an experienced operator with a proven track record in running successful outlets of this type. They should have sufficient knowledge of developing a good food offering to support 55 covers which will form a significant part of the offer.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, this large red brick building has two separate trading areas each supported by one central servery. The main lounge has much more of a pub feel to it, decorated with traditional warm colours and comfortable seating to let you enjoy drinks with friends. The pub has a catering kitchen which supports a good opportunity for future growth and is currently being used to provide a Sunday Roast offer.

Externally, the Pleasant Retreat is supported by an outdoor trading area at the front entrance of the business where your guests can enjoy the outdoor weather.

No parking on site, but there is a public car park 200 metres away which is exceptionally cheap and free after 18.30 and on Sundays and Public Holidays.

Private Accommodation

The private accommodation at the Pleasant Retreat comprises a lounge, kitchen/ dining area, bathroom, three bedrooms and a separate toilet and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
07:00 - 02:00 07:00 - 02:00 07:00 - 02:00 07:00 - 02:00 07:00 - 02:00 07:00 - 02:00 07:00 - 02:00

Financials

Annual Rent £
29,250
Estimated Annual FMOP (Licensee Profit) £
30,669
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
415,540
Estimated Annual Barrelage
240

“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 £
31,344
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
7,313
Rent In Advance £
563
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 £
45,405
Estimated Minimum Ingoing Costs £
42,967

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 £
0
Estimated Annual Maintenance Compliance Charge £
1,463
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