Run a Star Pub

3 weeks ago

Blackburn BB, Burnley, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Stunning Ribble Valley Pub

The Feildens Arms at Mellor Brook is a beautiful traditional country Inn set in the stunning Ribble Valley. Located just 3 miles from Blackburn, 7 miles from Preston, and only 4 miles from J31 of the M6. Making it perfect for either the leisure or business visitor alike. Nearby attractions include Salmesbury Hall, Houghton Tower, Turton Tower, Clitheroe Castle, Ribchester Roman Fort, Sawley Abbey, plus it's within easy reach of Blackburn FC and of many local wedding venues, making it the ideal choice for people requiring rooms.

An extensive refurbishment will see The Feildens Arms transformed into a bustling local pub offering quality food, an extended beer garden and a stylish interior, with a large number of covers to meet demand. All it needs is an ambitious licensee with the talent to unlock its true potential.

Entrepreneurial & Experienced Food Led Operator Required

Available on our Investment Tenancy, click here for more information on our agreements. T his exciting business opportunity would suit a professional operator keen to drive sales through the three quality income streams; Food, Drink and Rooms. This site would require an experienced operator with a strong background of running a high volume operation. This high end operator would have a vast range of entrepreneurial and social media skills and is up to date with trends in the industry. If this sounds like you, put in an application

Features

  • Catering Kitchen
  • Letting Rooms
  • Car Park
  • Cask Ale
  • Outdoor Trade
  • Private Accommodation
  • Refurbishment Planned
  • Monthly Billing
  • Investment Tenancy


Trading Area & Facilities

The Feildens Arms will be completely refurbished internally and externally to offer a relaxing place to stay and dine whilst retaining the essence of a great village local. An acclaimed bar with quality food, and well stocked Real Ale bar, Cask Marque accredited where you will receive premium hospitality at it's finest. The Feildens Arms offers the perfect place to eat, drink, sleep and relax.

The newly refurbished, open-plan internal dining area will lead through to the conservatory onto a generously landscaped, al-fresco wrap-around dining area that can cater for over 100 guests. New contemporary signage and mood lit lighting internally and externally will create a warm and welcoming ambience that will attract the discerning diner for miles around.

The six en-suite letting rooms, complete with power showers and baths, will accommodate the desires of each and every guest. With flat screen TVs, comfortable beds, WiFi and more - you can guarantee your guests the best nights sleep.

Externally, the Feildens has car parking facilities accommodating up to 25 cars. Up to 60 customers can enjoy al-fresco dining in the fully redecorated and expanded beer garden.

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

The private accommodation at the Feildens comprises of 2 bedrooms, a lounge, kitchen/dining area, and bathroom.

Pub Financials

Annual Rent £
45,724
Estimated Annual Turnover £
666,639
Deposit £
11,431
Estimated Fixtures & Fittings Value £
15,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
34,931
Estimated Minimum Ingoing Costs £
34,931

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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