Real Ale

Old Black Bull

35 Friargate, Preston, Lancashire, PR1 2AT

Gallery

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Pub overview

A wet led, cask ale Pub, with room to grow via the introduction of a food offer

***Substantial discount of £180 per barrel on beer and cider available***

The Old Black Bull is a very prominent pub situated on a great site just off Preston Town centre. The pub is over 150 years old and has some great features both inside and out. The pub has always had a reputation for cask beer and sells over ten different beers, including many local and national ales, as well as a range of craft beers and lagers with access to a significantly discounted price list. The recent investment at the Old Black Bull has made the best of the old features and enhanced them with a very sympathetic makeover.
The Old Black Bull is ideally situated for the centre of Preston and is ripe for the implementation of a food offer. There is a kitchen on site, but at present it is not used or functioning and this is where we see the potential for real growth.

The Old Back Bull has three rooms, a small snug to the front of the site and a much larger room to the rear and right, with a seating area opposite the bar tucked away. This larger room is split into three areas: the rear bar, the bar area itself and to the front a lounge area. There is a small patio to the rear adjoining the public car park. The site has a very old mosaic floor in the bar that is to be mended and polished as it is a very nice feature of the pub

Trade space
Bars 2
Trade kitchens 1
Patio areas 1

The private accommodation is vast, most of the second floor is unused apart from a storage room. The first floor has 4 bedrooms, a lounge, kitchen and bathroom. This area is also to receive refurbishment as part of our development of the site

Private space
Private Rooms15
Lounge1
Single Bedrooms4
Double bedrooms6
Private Kitchen1
Bathrooms1
Toilets1
Office1

Rent information

Annual rent£12,000 per annum
Weekly rent£230.77 per week fixed
Notes

£12,000.00 per annum, £230.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit subject to credit check.

Entry costs approx £22,725 which includes fixtures and fittings, 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 or a minimum £6,000). *Please note an assisted purchase may be available for the right operator and the F&F costs are shown as a 25% deposit and full cost is approx £20,000*

Brokers£750Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£5,000Working capital£8,000
Other costs£2,000Total entry cost£22,725

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
•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

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2018/193209573,894
2017/182392382,055
2016/173948633,627
Volume notes

Location

The site is on a prominent corner in the centre of Preston, on the junction of Friargate and the ring-way. It has a large council car park directly to the rear with two spaces for the pub. The site is very prominent and is only a short walk from the Town centre. Preston itself is a large market Town with a very large university which is only 800 yards from the Old Black Bull.

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Facilities

Trade bar
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday - Thursday 08:00 - 00:30 Friday & Saturday 8:00 - 01:30

Contact Us

Andy Wearn

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am looking for an operator with a real passion for cask ale, who would support introducing a food offer into The Old Black Bull. An experienced operator would be great, but I would happily meet and discuss options with someone who has the passion and desire to achieve. If you have the attributes I am looking for, please do not hesitate to contact the recruitment team ”