Star Pubs Leased & Tenancy
Location
Ormskirk, Lancashire | United Kingdom
Job description
Pub Overview
Renowned Reputation - Quality Business The Saracens Head is situated in the historical village of Halsall, nestled in the beautiful Lancashire countryside, and perched alongside the banks of the Leeds/Liverpool canal. The venue itself is over 100 hundred years old and is renowned throughout the Northwest for its idyllic picture postcard setting. This is a destination site, the only pub in the village. Our Demographics information shows that within a 20 minute drive time the number of 18 plus adults is 278,458.
Available on a Long Term Lease! The Saracens Head is available on our Long Term Fully Repairing & Insuring Lease. Perfect for experienced licensees who want time to build up the value of their business and accrue the return on their investment with the added benefit of being able to sell their lease on should they choose to (known as 'assign'). Click here for more information on this agreement.
If you've benefited from running or owning a hospitality business, we'd love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
Features - Catering Kitchen
- Childrens Play Area
- LongTerm FRI Lease
- Cask Ale
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities Internally the Saracens Head is decorated to a very premium high standard throughout, a gorgeous venue. Able to cater for functions of up to 120 guests in the bar and lounge areas, group bookings for 40 people in the main and private dining in the canal room for up to 25 guests. This is a venue that can cater for all those special occasions, it can be as big or intimate as you want it to be.
Externally the Saracens Head is a breath-taking beautiful venue. Alfresco dining or enjoying your drink of choice is such a treat with the exceptional surroundings and picturesque views. Whilst you enjoy the views, children can be entertained in the play area, something for everyone.
There is also a sizeable car park allowing this pub to thrive as a destination outlet.
Private Accommodation The private accommodation of the Saracens Head is to be confirmed - bedrooms, lounge, kitchen, bathroom. Where necessary we will freshen in line with our ready to trade promise.
Pub Financials Annual Rent £
51,076
Estimated Annual Turnover £
650,972
Deposit £
12,769
Estimated Fixtures & Fittings Value £
25,000
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
47,269
Estimated Minimum Ingoing Costs £
47,269
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.
Job tags
Salary
