195 Watling Street Road, Fulwood, Preston, Lancashire, PR2 8AB
Situated opposite Fulwood Barracks, the Sumners is an attractive, traditional roadside pub with an exciting new investment project planned. *Machine Income free of tie*
A popular pub with a good mix of people makes this site a social hub, specially for sports teams and football fans. With a large catering kitchen there is plenty of opportunity to develop a new menu to bring in people from the local community as well as draw in live sports enthusiasts with the large TV screens. Illustrated by the mood board style pictures a re-design of this pub is moving forward, alongside this we are offering a discounted drinks price list.
The site is split into a tap room and a large bar / dining area. The Lounge is a large space zoned by screens. There is a need for an upgrade that is being planned to implement alongside the new tenants. The bar would suit conversion to a function room as it is on the ground floor. There is space for 70 covers served by the trade kitchen.
|Car park spaces||80|
|Child play areas||1|
The accommodation is spacious and benefits from large sized rooms including 3 double bedrooms. The rest of the accommodation comprises of family bathroom, lounge, domestic kitchen plus separate office. While it could benefit from decoration it is of a good standard until the investment is complete.
|Annual rent||£45,000 per annum|
|Weekly rent||£865.38 per week fixed|
£45,000 per annum, £865.38 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. *Machine Income free of tie*
Entry costs approximately £19,800 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). Fixtures and fittings are yet to be valued and an assisted purchase may be possible for the right operator.
|Fixtures & fittings||TBC||Working capital||£5,000|
|Other costs||£7,150||Total entry cost||£19,800|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Located on Tom Finney Way close to Preston North End's football ground, the Sumners is an attractive roadside site to the north of Preston town centre. situated opposite Fulwood Barracks.