RUN YOUR OWN PUB - PLOUGH AT EAVES Preston, Lancashire

Location
Preston, Lancashire
Salary
Business Opportunity
Posted
30 Sep 2019
Closes
30 Oct 2019

Pub Features

Eaves Lane, Preston, Lancashire, PR4 0BJ

Guide Rent: £32,829 pre-refurbishment (Exc VAT)

Thwaites will be completing a full refurbishment of the property. With 112 covers inside and an additional 87 covers outside, the Plough will be a premium destination food business. 

Located in the affluent village of Woodplumpton, 5 miles outside of Preston and dating back to the 16th Century, the Plough is an attractive building which boasts character throughout. Internally there are two bars, a snug area, a large dining area leading onto the conservatory and a separate room which can be used for private events. Open fires create a cosy and welcoming environment, perfect for dining and socialising. Benefiting from a very large kitchen and storage area, the pub has a great reputation for providing fresh, local, homecooked food. Externally there is a good sized car park and a large beer garden which is extremely popular during the warmer months. The living accommodation consists of 2 double bedrooms, 1 single bedroom, office, bathroom, shower room, storage area and a lounge with kitchenette.

TRADING STYLE

The pub has a good local trade from those within the village. There are many visitors attracted to the area which sits between the Forest of Bowland and the Lancashire coast. Due to its reputation for fresh, locally sourced food, it attracts customers from the local towns, villages and further afield. Throughout the year the pub holds events such as cabaret nights and an extremely popular firework display. Footfall is increased within the area during local events such as the Scarecrow Festival. Many people use the pub for meetings such as the golf society and car clubs. During the summer months the pub is popular with cyclists and walkers. Current opening hours are Monday – Friday 12pm-3pm and 5.30pm- 11pm, Saturday and Sunday 12pm-12am.

FINANCIAL

  • Guide Rent (exc. VAT))

    £32,829 pre-refurbishment
  • Last 12 Months Trading Volumes)

    120 beer & cider (36 gallon barrels)
  • Type of Agreement)

    5 year tenancy
  • Fixtures and Fittings Estimate)

    approx £30,000 pre-refurbishment/ £80-100k post refurbishment
  • Security Bond)

    £5,000
  • Stock & Glassware Estimate)

    £3,000
  • Valuation Fees Estimate)

    £500
  • TULIP Induction Course)

    £399 TULIP / £150 TLC one day for experienced operators + VAT

ENERGY PERFORMANCE

Energy Performance Certificates (EPCs) are needed whenever a property is built, sold or rented.

An EPC gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years.

You can download the EPC for this property by clicking on the icon or link below.

TRAINING & DEVELOPMENT

Whether you are an experienced Licensee or new to the industry, we provide the relevant introduction and/or
training to suit your level of experience and help you achieve success in running your own pub

Together with our training partner Innfluential we
have a strong commitment to training our Licensees and our team of staff.

Our Training Courses.

TULIP – Thwaites Unique Licensee Induction Programme.

TLC – Thwaites Licensee Connection.

Our one day introduction day to Thwaites and key support people.
The TLC day is for experienced operators who have held a recent tenancy with a pub company or brewery.

 

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