Anchor

86 Liverpool Road, Hutton, Preston, Lancashire, PR4 5SL

A quality Village local in the affluent and popular Hutton

The Anchor has had an internal refurbishment in the past to create a good quality local pub proposition. The refurbishment included a full internal redecoration, new flooring including timber, tiles and carpet helping to define trading areas. The bar serveries have been enhanced and there is a modern open plan food service counter alongside the main food service area. Externally, a recent signage scheme has ensured the pub makes a highly visible impact in the area and to the high volume of traffic noted on the A59 between Preston and Southport/Liverpool. There are also external drinking areas to the front and side of the site with seating to attract summer time trade and encourage al fresco drinking. A strong mainstream food and drink offer is needed at the Anchor to maximise footfall from the plentiful local population and available destination trade. The successful licensee will be able to communicate well with existing and potentially new customers through strong promotional and marketing activity. The site also has the opportunity to develop strong sports led custom in the separate sports style bar, which is also able to be utilised for private bookings/parties.

Location

Business Information

Annual rent

£15,000

Weekly rent

£288

Entry costs

£34,875

Turnover royalty

n/a

Forecasted Operator Turnover

£361,091

Forecasted Operator Profit (inc machine profit)

£23,422

Forecasted Operator Machine Profit

£1,500

Average Beer & Cider Discount*

£180

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £34,875.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £21,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£6,000

Fixtures & Fittings

£21,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£34,875

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 139 104 1,284
2018/19 158 132 1,286
2017/18 202 0 2,963

The current pub offer comprises a long bar/dining area, a sports bar and games room and a conservatory which be used to cater for small functions. The upper floors are extensive and there may be potential for letting rooms (not currently developed) and external seating areas at the front and the side of the property. For visuals of the full refurbishment please see photos of the property at the top of the page.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

80

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

60

Current Premises License Opening Hours

Sun - Thu: 09.00-00.30
Fri- Sat: 09.00-01.30

Extensive living accommodation with three double bedrooms, kitchen, dining area, lounge, bathroom and office. The private living accommodation is in need of decorative improvement. There is a second floor to the property, which is not currently habitable but could be developed as such.

Private Rooms

8

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an experienced individual or multiple operator with the experience and exceptional retailing knowledge to extract the full potential from this business with a quality mainstream food offer and modern relevant drink offer. The site has traded strongly in the past and is now in need of an experienced operator to re-establish this high profile pub in the marketplace. If you feel you could run your own successful Pub business here, then please contact the recruitment team for further information

Peter Cunningham, Business Development Manager

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