Gillespies

Topping Street, Blackpool, Lancashire, FY1 3AA

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.

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.

Trade space
Bars 2
Food covers 75
Function rooms 1
Trade kitchens 1
Patio areas 1

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

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*

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.

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

Agreement description

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
•50/50 profit split of machines income
•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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 295 63 58
2014/15 337 55 935
2013/14 437 539 2,789
Volume notes

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.

Facilities

Trade bar
Function room
Trade kitchen
Trade patio

Current premises licence opening hours

Mon to Sun 10:00 - 00:30

Contact Us

David Morgan

BDM

Call us today 0845 607 5330

Apply online
“ This is a great pub that is well supported by locals, visitors and holiday makers in this famous North West seaside town. ”