If you are looking to let a pub in Wigan, The Cherry Gardens is available.
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The Cherry Gardens, Wigan
The Cherry Gardens is a large open plan pub situated on a roundabout within ½ mile of the Hospital so benefits from the staff and visitors of the hospital. Income also from parking from the staff at the hospital.
Pub Layout
Internally there is a large catering kitchen and pool area which could be removed for extra covers. A full refurbishment of the pub is planned.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
https://loveyourpub.co.uk/pubs-on-the-market/the-cherry-gardens-wigan/#:~:text=This%20pub%20is,kitchen%20and%20bathroom.
The Cherry Gardens, Wigan
Annual Rent: £TBC
Security Deposit: £5,000
Working Capital: £2,000
Stock: £3,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 10000
Annual Cost: 0
The Cherry Gardens, Wigan
Ideally an experienced operator with catering knowledge and experience and would also need to have a strong community focus.
