Tenancy - Gillespies, Blackpool

Location
FY1 3AA, Blackpool
Salary
Business Opportunity
Posted
01 Jul 2017
Closes
01 Aug 2017

Tenancy - Gillespies

PUB OVERVIEW
Investment opportunity at this great pub situated in the middle of the busiest
part of town, close to all amenities and facilities.
This site has a fantastic lounge bar, new sun terrace and function room. Gillespies is very
popular for sport and has a great reputation for cask ale. There is a great opportunity to enhance
the existing entertainment offer. The pub also has the opportunity to introduce food, which will
greatly enhance the retail offer.


BUSINESS INFORMATION
Entry cost from: £18,800.00

Annual rent: £26,500.00 per annum

Agreement Tenancy – Standard Tenancy

Type of Tie: Full tie: Access to Discounted Wines, Spirits
& Minerals Price List


LOCATION
Blackpool is a seaside town in North West England. It is situated along England's northwest coast by the Irish Sea, between the Ribble and Wyre
estuaries. In addition to its sandy beaches, Blackpool's major attractions and landmarks include Blackpool Tower, Blackpool Illuminations, the Pleasure Beach, Blackpool Zoo, Sandcastle Water Park, the Winter Gardens, and the UK's only surviving first-generation tramway.


CURRENT PREMISES LICENCE OPENING HOURS

Mon to Sun 10:00 - 00:30


TRADE SPACE
A large bar/lounge, which is perfectly laid out for sport and live
entertainment. There is a good trade kitchen and self-contained
function room. The new sun terrace has views of the Blackpool Tower.
Bars 2
Food covers 75
Function rooms 1
Trade kitchens 1
Patio areas 1

 

PRIVATE ACCOMMODATION
A good sized, two bedroom flat with kitchen, bathroom and office which
are all in good order.

 

PRIVATE SPACE
Private Rooms 7
Lounge 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1
 

FINANCIAL INFORMATION
Entry costs approx £18,800 which includes stock, glassware, crockery,
cutlery, fuel and cleaning materials, legal, brokers and stocktaking
fees, schedule of condition, training fees, working capital and deposit
(25% of head rent, minimum £6,000). Fixtures and fittings are yet to be
valued but thought to be in the region of £20,000.

 

RENT INFORMATION
Annual rent £26,500.00 per annum
Weekly rent £509.62 per week fixed
Notes £26,500 per annum, £509.62 per week fixed and
subject to annual RPI increase, which is capped.
Paid weekly by direct debit subject to credit
check. *Machine Income free of tie*
Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings TBC Working capital £5,000.00
Other costs £6,150.00 Total entry cost £18,800.00

 

ESTIMATING TURNOVER
You will need to estimate the turnover you expect to achieve from the
pub, with regard to food and accommodation (if applicable). Barrelage
figures are given to assist you with calculations.
Calculators to help you are available on the business planning section
of our website.

 

WHY CHOOSE US?
By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of
running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the
country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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