Lytham Road, Blackpool, Lancashire, FY4 1JE
Benefiting from a recent £300,000 investment, the Spen Dyke is an amazing opportunity for an experienced and enthusiastic operator!
The Spen Dyke is a land mark property that is well located to benefit from the recent £300k full internal and external re-presentation investment, a strong local demographic and the opening of the new Armfield Academy opposite.
A full internal and external re-furbishment investment has been recently completed at this highly visible land-mark Pub. The investment has created a modern alehouse type operation capable of becoming easily the best pub in the area. The Pub will be a predominantly 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 market-led food offer.
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 (the top floor function space requires further investment to complete). There is a well equipped catering kitchen which serves the entire pub through a dumb waiter. Externally, there is a newly created modern terraced area to the side of the pub with ample chairs and tables to service the obvious al-fresco eating and drinking opportunity. There is also a car park for 30 cars and a separate rear car park which could be developed in to a beer garden or event space.
|Car park spaces||30|
The private accommodation is spacious and presented to a good standard, and consists of a lounge, three bedrooms, kitchen and bathroom. Some improvements have been undertaken as part of the investment programme.
|Annual rent||£7,800 per annum|
|Weekly rent||£150.00 per week fixed|
£7,800 per annum, £150.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
£5,200 per annum for the first three months.
Entry costs approx £10,400 which includes legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note F&F would be rented on this agreement. Full cost is approximately £55,000
|Fixtures & fittings||£0||Working capital||£5,000|
|Other costs||£1,150||Total entry cost||£10,400|
Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation. The newly installed F&F can be rented.
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 an under invested TAW for the previous 2 years and is not reflective of the forecasted volume post investment and the opening of the adjacent Armfield Academy.|
The Spen Dyke is situated on the corner of Burlington Road and Lytham Road, in South Shore, Blackpool. It is immediately opposite the new Armfield Academy that opened 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.
Current premises licence opening hours
Monday to Sunday 10:00 - 00:30.
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ 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. You will need to be familiar with a community pub style operation including TV sports viewing and pub entertainment footfall in order to maximise the obvious potential of this pub and well populated location. The rewards for the successful applicant will be significant and commensurate with the effort required to deliver the forecasted revenues. ”