If you are looking for managed partnership pubs in Preston, you could run The Wellington !
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Managed Partnership Pubs In Preston – Run The Wellington !
The Wellington is situated just off Preston High Street. The Wellington is a site bursting with potential to attract many of the people shopping in town, weekend drinkers and office workers. The Wellington is a traditional yet quirky town centre site that has a significant number of period features, inside it has a pool table and a darts board plus to the rear one of the few beer gardens in the town centre that holds an extra 40 seats.
There is a thriving circuit of pubs in the city centre and The Wellington needs a retailer capable of tapping into that market but also attracting nearby office and retail workers. This is an ideal site for someone with high street experience looking to really build a growing business.
Overview
The Wellington is situated just off Preston High Street. The Wellington is a site bursting with potential to attract many of the people shopping in town, weekend drinkers and office workers. The Wellington is a traditional yet quirky town centre site that has a significant number of period features, inside it has a pool table and a darts board plus to the rear one of the few beer gardens in the town centre that holds an extra 40 seats.
There is a thriving circuit of pubs in the city centre and The Wellington needs a retailer capable of tapping into that market but also attracting nearby office and retail workers. This is an ideal site for someone with high street experience looking to really build a growing business.
We are looking for an operator to drive the business forward and unlock it potential. The Wellington has a fully kitted kitchen complete with equipment capable of offering a good food offering to potential customers. We would consider someone who is looking for their first pub or an experienced operator.
The Opportunity
If you’re looking for maximum freedom and the chance to run a business in your own way, a Marston’s tenancy will allow you to really flex your creative muscles. This agreement is for the real entrepreneurial types, who have a bit of money to invest, some solid business skills and the vision to bring their dream to life.
You can implement your own ideas and develop your own food offering. And, whilst you’ll be running your own business your way, you can still lean on the Marston’s team for all the support you need.
What’s in it for you?
Keep 100% of the business’ profits.
Put together your own menus and choose your own food.
Keep 50% of profits from any gaming machines.
Free membership to the BII for the duration of your agreement.
Support obtaining your personal licence.
BII accredited induction and ongoing support and training from our Pub Support teams.
A dedicated business development manager, working with you to help you grow the business.
Access to our 450 strong-support teams whenever you need them – including Marketing, Recruitment and Food and Drink specialists.
All our Pub Partners get access to our FREE Learning, Development and Training platform Campus (a package worth over £300!).
Things to consider
This agreement offers the most independence, but also needs a bigger commitment from you. You’ll need to put in a £5k security deposit or 25% of the annual rent, whichever is higher, plus pay your own rent (the yearly increase will be capped to the Retail Price Index) and cover your own legal fees. You will need to cover your own business insurance and start thinking about your team; taking care of paying them and all other employment matters.
We’re on-hand to offer guidance as you plan your business overheads, like business rates, annual service charge, Council Tax, and utility bills. Also, start thinking about any internal repairs and decoration you’d like to do to bring the place up to standard and consigning to an annual decorating fund. Not to mention what fixtures, fittings, and glassware you’ll get for your pub.
Before we all sign the agreement and see you heading into a whole new life, you’ll need to show us proof that you’ve had independent financial and legal advice and have completed a sustainable business plan, in accordance with the Pubs Code. If needed, we can assist you in obtaining your personal licence and will enrol you onto our BII accredited induction training. In addition, we will provide you with free membership to the BII who can provide the impartial, professional advice you need when entering into, and for the lifetime of your agreement.
It’s a three or five-year commitment, so you have loads of time to build the business and get it performing brilliantly.
Private Accommodation
Private KitchenYes
No of Double bedrooms:3
No of Single bedrooms:0
No of Reception rooms:1
No of Private bathrooms:1
OfficeYes
Financial Info
Fair Maintainable Turnover:192,387
Barrelage Discount:£150 per barrel / £200 on Fosters
Legal fees:£360
Working Capital:£5,000
Security Deposit:£5,000
Stock & glassware:£1,000
Total ingoing costs:£11,360
Rent:£15,000
Service Charge:£1,350
Decorating fund:£1,500
Insurance:£800
Total ongoing costs:£18,650
We are looking for an operator to drive the business forward and unlock it potential. The Wellington has a fully kitted kitchen complete with equipment capable of offering a good food offering to potential customers. We would consider someone who is looking for their first pub or an experienced operator.
