tenancy
Rosewood Avenue, Blackburn BB1 9SZ, UK
Approx. Total Ingoings
£8,500Annual Rent
£14,000The Farthings is a community pub, sitting in the heart of a residential area, two miles outside of Blackburn town centre. The pub needs a local publican who is familiar with the area. The publican also needs to show experience in growing a sports and entertainment pub and can include those of all ages from the community. The pub is in good condition throughout and has an open plan trading area, with a good size function room to the rear. The trade kitchen is not currently in use but provides further opportunity for the new publican to grow this pub business by introducing a good value food offer.
Private Accommodation: The private accommodation is in good condition, comprising three bedrooms, a large living room, kitchen and bathroom.
Indoor trading area
The Farthings has a large open plan trade area with a mix of loose and fixed seating, to the left is a pool table and to the right a space for darts. The pub is traditional in decoration and has been well-maintained. To the left side of the bar is a corridor with the toilets in leading to a further room to the rear with its own bar. This space is utilised for poker groups, functions and as a meeting space, and can accommodate up to 40 covers. To the right behind the bar is a fitted trade kitchen that is ready to be put into operation. The pub has been known for hosting live music and sports over the weekend.
Outdoor trading area
The pub is set back off and slightly lower than the main and is surrounded by a carpark with space for up to 30 vehicles. To the front of the pub there are several benches with umbrellas, accommodating over 20 covers.
Regional Manager Comments
The Farthings is a large pub in a residential area of Blackburn. The pub requires an experienced community publican with a proven track record of developing a sports and entertainment pub. A publican who knows the local area and community would be advantageous given the pub is in the heart of a residential area.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£8,500
Annual Rent
£14,000
Potential Turnover: £252,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £14,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £8,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £8,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
