Queens Head

30 Moor Street, Ormskirk, Lancashire, L39 2AQ

A great locals pub within a lively town centre environment

The Queens Head is a wet led town centre Pub in an excellent location. The site has to be controlled as it has a late licence and has attracted a great reputation for late night drinks. The site is clean and tidy with an excellent beer terrace to the rear. Significant investment in 2017/2018 saw the pub brought up to a great standard throughout. Both entertainment and sport are important to the future success of the business. The local University means attracting both students and locals is key here. An excellent array of offers and entertainment should be central to your business plan, whilst understanding the local environment will also be important.

Location

The Queens Head is a wet led town centre Pub in an excellent location. The site has to be controlled as it has a late licence and has attracted a great reputation for late night drinks. The site is clean and tidy with an excellent beer terrace to the rear. Significant investment in 2017/2018 saw the pub brought up to a great standard throughout. Both entertainment and sport are important to the future success of the business. The local University means attracting both students and locals is key here. An excellent array of offers and entertainment should be central to your business plan, whilst understanding the local environment will also be important.

Business Information

Annual rent

£10,000

Weekly rent

£192

Entry costs

£25,875

Turnover royalty

n/a

Forecasted Operator Turnover

£474,343

Forecasted Operator Profit (inc machine profit)

£17,977

Forecasted Operator Machine Profit

£10,000

Average Beer & Cider Discount*

Blended £144

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

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

Entry costs approximately £25,875.00, 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 the mimimum amount required for this agreement type. Fixtures and Fittings are valued at approximately £20,000 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

£12,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£25,875

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 444 3,214 9,405
2017/18 333 2,191 6,683
2016/17 309 55 9,547

All refurbished in the last three years, there is a large bar serving three open plan rooms, and a beer terrace.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

No

Trade Food Covers

0

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

0

Current Premises License Opening Hours

Mon - Sat: 09:00 - 02:30
Sun: 09:00 - 00:30

Not in a great state now but will be getting some attention before letting.

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 seeking an operator with experience of running and controlling a wet led, late licence town centre Pub. The Queens Head is in excellent condition following a recent refurbishment and has a great beer terrace to the rear and an open plan interior. If you have the requisite skills to successfully run this Pub, then please contact the recruitment team for further information

Andy Wearn, Business Development Manager

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