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The Black Horse is an imposing three storey detached pub situated in the heart of the affluent village of Gregson Lane which is approximately five miles South East of Preston and around two and a half miles East of the larger village of Bamber Bridge. Situated in the constituency of South Ribble, Gregson Lane has a population of around 1,500 residents but the pub can draw upon rural housing in the surrounding area as well of which there are many. The village’s household demographic is classed as ‘comfortable communities’ and ‘affluent achievers’ and has a higher proportion of middle to older generation with a greater disposable income than the UK average. The Black Horse takes pride of place as the only pub in the village with the only competition being a social club called Net’s Bar across the road.
Pub Layout
Customers can enter via the main double doors at the front of the pub or via the side entrance coming from the ten spaced car park and beer garden to the left of the pub. Customers from the front entrance are welcomed by a central bar stocking a great selection of choice wines, quality spirits, continental and craft beers and lagers and two fine cask ales on rotation. To the left hand side the lounge area consists of a range of fixed and loose seating and then steps up to the rear of the trade area provide a raised seating area, currently used to provide room for a darts throw. This is also where customers can exit to the car park and the side beer garden, providing enough seating for approximately 40 customers, but there are considerations to invest in the beer garden to increase seating to nearer 80. To the right-hand side of the pub is the pool table surrounded by fixed seating and again to the rear there is further raised seating. The pub currently has around 50 covers but with the right licensee and an investment this could be increased to around 80 covers. There is a fully kitted out and compliant trade kitchen to the rear left hand-side of the pub, capable of serving the capacity of the trade area
The private accommodation is on the second floor of the pub and comprises of a kitchen, bathroom, three bedrooms and a lounge/dining area.
Annual Rent: £25,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £4,000
F&F: £TBC – Funding options may be 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.
Admiral Taverns are looking for a licensee who can bring a new lease of life to the Black Horse. Engaging with the local community to put the Black Horse at the heart of the community is essential here. A warm and friendly welcome and an ability deliver a community focussed offer is essential to making the business thrive. The customers need to feel valued and loyal to the business so a regular and well-marketed line up of events and activities is essential. A well-considered and consistent rhythm of the week will bring in regular custom and will make the Black Horse, the place to be in the village on an evening. Great standards and quality drinks go alongside a warm welcome and retail proposition to ensure customers have a great time and choose the Black Horse as their go to pub. There is a significant opportunity to grow and develop the retail proposition here, driving additional income by maximising the potential of the beer garden and the food offer. A transformational investment would be considered here with the right licensee and a well-considered business plan, with particular focus on improving the beer garden and external appeal, and internal décor.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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