Eagle & Child Garstang
High Street, Garstang, Preston, PR3 1EAAgreement Type:
Foundation Tenancy
View details for Eagle & Child Garstang
Wheatsheaf Garstang
Wheatsheaf Garstang
Park Hill Road, Garstang, Preston, PR3 1EL Pub Code: 0060498101
Pub Code: 0060498101
Foundation TenancyEst Min Ingoing Costs: £29,586
Annual Rent: £41,424
The area
The Wheatsheaf is situated in the charming market town of Garstang located between Preston and Lancaster. This refurbished pub will be the perfect place for locals to gather, offering live sports, entertainment, and a cozy atmosphere. With its refreshed interior and exterior, upgraded seating, and updated signage, the pub will stand out as a focal point for the area.
The pub benefits from having around 3000 adults living within a 10 minute walk of the pub. The majority customer base is made up of Midlife and Mature adults.
The offer
The Wheatsheaf is available on our investment tenancy agreement. Click here for more information on this agreement.
Drinks: The pub will offer a wide range of drinks, including lagers, ciders, spirits, wines, some cocktails along with a great range of soft drinks and low & no options. This variety caters to everyone, ensuring the pub appeals to a broad audience.
Food: A straightforward pub menu with a selection of crowd pleasers to cater to every taste, with the opportunity to be further developed by the new licensee.
Coffee: Coffee can be offered, attracting daytime visitors and non-drinkers, broadening the pub’s appeal.
Events: The pub will offer live sports, pool, darts, dominoes, and host events catered to customer demand. These events will create a vibrant atmosphere and will drive a healthy rhythm of the week.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Wheatsheaf will have experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and sports offer and can create a memorable experience for their 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 next chapter…
Trading Area & Facilities
The Wheatsheaf 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.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Lounge and Snug areas
- 70 internal covers
- 108 external covers
- Catering kitchen
- SmartDispense
- Large outside trading area
- Car park with 27 spaces
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
Private accommodation consists of bedrooms, a living room, kitchen, and bathroom.
Estimated Total Ingoing Costs
£29,586
Estimated Minimum Ingoing Costs
£29,586
Annual Rent
£41,424
Estimated Annual Turnover
£672,224
Deposit
£10,356
Estimated Fixtures & Fittings Value
£5,730
Estimated Stock Valuation
£10,000
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:
Park Hill Road, Garstang, Preston, PR3 1EL
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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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