Falcon Littleborough
18-20 Church Street, Littleborough, OL15 9AAAgreement Type:
Investment Tenancy
View details for Falcon Littleborough
The Albion
The Albion
600, Whitworth Road, Rochdale, OL12 0SW Pub Code: 2303277101
Pub Code: 2303277101
Foundation TenancyEst Min Ingoing Costs: £13,718
Annual Rent: £16,871
The Albion is a classic British pub, situated on a main road running out of Rochdale. This is a densely populated area, with a good core of regular local customers. Regulars are kept entertained with a wide range of entertainment including karaoke, bingo, quiz nights, live music and live sports. 100% wet led, there's the perfect pint for everyone at The Albion.
Available on our foundation tenancy agreement, the potential of this pub lies in developing a competitive 100% wet-led offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, and cask ales. We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
Internally, The Albion is a one bar, two room operation, with capacity for 70 patrons. The fixtures and fittings are a mixture of loose and fixed seating all in good condition. The decor has a traditional British pub look to it. It also has a pool table, dart board and jukebox.
There is a small external drinking area at both the front and rear with benches. The Albion has no car park, but has lots of street parking near to the pub.
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£22,354
Estimated Minimum Ingoing Costs
£13,718
Annual Rent
£16,871
Estimated Annual Turnover
£276,755
Deposit
£4,218
Estimated Fixtures & Fittings Value
£15,000
Estimated Stock Valuation
£6,000
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:
600, Whitworth Road, Rochdale, OL12 0SW
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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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