Lytham Road, Blackpool, Lancashire, FY4 1JE
The Burlington is a land mark property that is well located to benefit from the planned £300k investment, a strong local demographic and the opening of the new Armfield Academy opposite.
A significant investment is planned to completely re-present the pub both internally and externally. The investment will create a modern alehouse type operation capable of becoming easily the best pub in the area.It is intended that it will be a predominantly a wet led site, operating to a 75:25 wet to dry split. The key to this site will be exceptional hospitality and standards to support a strong programme of activity and events with a complimentary modern food offer.
We are looking for an experienced licensee with great hospitality skills, good pub food catering experience and an ability to re-launch this landmark property post investment.
Please note although the entry cost is shown at £68,800, we have an agreement in place to help with the fixtures and fittings purchase meaning the minimum ingoing cost an operator would need is £27,550.
The trading area consists of four zones. A lower level suitable for TV sports viewing and pub sports, a ground floor area where the bar counter is located and space has been created for live entertainment artists, a mezzanine area for dining and seated drinking and a small function room on the top floor which can be accessed via a separate stairway in the pub. There is a well equipped catering kitchen which serves the entire pub through a dumb waiter. Externally, there is a large wooden decking to the side of the pub with ample chairs and tables which will be refurbished as part of the planned scheme.. There is also a car park for 30 cars and a separate rear car park which could be developed in to a beer garden.
|Car park spaces||30|
The private accommodation is spacious and presented to an average standard, and consists of a lounge, three bedrooms, kitchen and bathroom. Some improvements will be undertaken as part of the investment programme.
|Annual rent||£10,000 per annum|
|Weekly rent||£192.31 per week fixed|
£10,000 per annum, £192.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £68,800 which includes fixtures and fittings, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). Please note the F&F is an estimated cost that reflects the planned investment. An Assisted Purchase agreement is available which would mean paying only 25% of this cost on change, £13,750. Minimum entry costs would be £27,550.
|Fixtures & fittings||£55,000||Working capital||£5,000|
|Other costs||£1,150||Total entry cost||£68,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||The Pub has been traded as a TAW for the last 2 years and is not reflective of the forecasted volume post the planned investment.|
The Burlington is situated on the corner of Burlington Road and Lytham Road, in South Shore, Blackpool. It is immediately opposite the new Armfield Academy (opening September 2019) and is less than half a mile from the world-famous Blackpool Pleasure Beach.
The pub is located between the two well established drinking circuits of Waterloo Road and Highfield Road, ideally positioned to benefit from transient drinkers as well as service the needs of the high density local residential population and proximate employers.