Park Inn Accrington
2 weeks ago
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Pub Overview
Renowned Reputation - Quality Business
Known for being a traditional pub with friendly and helpful staff, the Park Inn Accrington is located on a busy main road with a good level of passing trade along with a loyal customer base. Please refer to the Demographics Report for all the key numbers, highlighting that within a 10 minute walk-time there is a catchment of adults of 3,781 and within 20 minutes some 14,188 adults.
Business Development Manager's Vision
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.
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…
Features
Foundation Tenancy
Private Accommodation
Catering Kitchen
Cask Ale
Outdoor Trade
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 is to be confirmed - bedrooms, a lounge, kitchen, bathroom.
Pub Financials
Annual Rent £
20,568
Estimated Annual Turnover £
334,078
Deposit £
5,142
Estimated Fixtures & Fittings Value £
14,000
Estimated Stock Valuation £
5,675
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
28,317
Estimated Minimum Ingoing Costs £
10,889
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.
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