Are you searching for pub tenancy in the Great Harwood area? Check out The Plough as this is now available via Love Your Pub !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Plough is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pub Tenancy In Great Harwood – The Plough Is Now Available !
The Plough is located in the town of Great Harwood. It sits in a fantastic location and the pub benefits from ample passing trade, due to its prominence to a major supermarket. The demographics show an opportunity of circa 8,335 adults within 20 minutes walking distance.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancy In Great Harwood – The Plough Is Now Available !
The Perfect Pint at The Plough
The Plough is located in the town of Great Harwood. It sits in a fantastic location and the pub benefits from ample passing trade, due to it’s prominence to a major supermarket. The demographics show an opportunity of circa 8,335 adults within 20 minutes walking distance.
Refurbishment Planned!
A fabulous refurbishment will transform the Plough in Great Harwood into a great traditional community pub. Inside, the pub will be redecorated throughout each trading area with contemporary finishes. We will be installing new lighting, adding new furniture and bric-a-brac and upgrading the customer toilets. Outside, we will be upgrading the pub with new external decorations and a new signage scheme. The existing garden will be cleaned as well as refurbishing the existing picnic benches and children’s play equipment. There is also an opportunity for outdoor screens for major sporting events. These improvements will give the pub appeal all year round.
When refurbished, The Plough will appeal to daytime drinkers looking for a great pub to enjoy a drink after work, sports fans looking to watch live sport and locals looking for mid-week or weekend entertainment. The offer will be drinks-led with a range of classic draught beers (and one or two premium beers), spirits, wines and soft drinks. There is currently no plan to introduce a food offer, however, there is a small kitchen so a small food offer could be introduced. Live sport, quizzes and some entertainment throughout the month will keep guests coming back for more.
The pub already has a strong reputation. The quality of the refurbishment, 72 internal covers and amazing beer garden are different from anything in the immediate vicinity. The range of premium and classic draught lagers, spirits and entertainment will also make a great point of difference in the area. All we’re waiting for is the right operator…
Features
CATERING KITCHEN
INVESTMENT TENANCY
LIVE SPORTS
PUB GAMES
CAR PARK
CASK ALE
OUTDOOR TRADE
PRIVATE ACCOMMODATION
REFURBISHMENT PLANNED
Trading Area & Facilities
The pub will undergo a complete re-decoration throughout, both internally and externally. Full details are listed in the ‘Refurbishment Details’ in the Downloads section.
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an “Investment Exemption” will be required. This means that the option of a Market Rent Option lease won’t be available at rent review for a period of up to seven years for this site. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of three bedrooms, a lounge, kitchen, bathroom with separate WC, office and storeroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Premises Licence Details
Please refer to the attached Premises License for full details.
Pub Tenancy In Great Harwood – The Plough Is Now Available !
Annual Rent £ 24,618
Estimated Tenants Annual Operating Profit £ 28,616
Representative HEINEKEN UK Brand Discount Per Barrel £ 150
Estimated Annual Turnover £ 402,044
Estimated Annual Barrelage
£ 290
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £ 20,000
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £ 6,000
Deposit Amount £ 6,155
Rent in Advance £ 473
Training Fee £ 425
Estimated Designated Premises Supervisor / Manager Fee £ 50
Premises Licence Fee £ 180
Rates Assessment Fee £ 55
Estimated Legal Fees £ 650
Estimated Total Ingoing Costs £ 34,238
Estimated Minimum Ingoing Costs £ 34,238
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month’s rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month’s rent will be required for operators trading under a Limited Company with no Guarantors.
Other SP&B Ongoing Charges Estimated Annual Building Insurance£ 950
Estimated Annual Maintenance Compliance Charge£ 1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills)£ 4908
Estimated Annual Repairs Fund£ 1300
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
Pub Tenancy In Great Harwood – The Plough Is Now Available !
The pub already has a strong reputation. The quality of the refurbishment, 72 internal covers and amazing beer garden are different from anything in the immediate vicinity. The range of premium and classic draught lagers, spirits and entertainment will also make a great point of difference in the area. All we’re waiting for is the right operator…
