Overview
The Plough is a well-established successful business located in the town of Euxton, close to Chorley. This destination venue is surrounded by rural housing and looks out over beautiful countryside. This is the perfect place to enjoy the summer months with friends and family while sitting in the lovely outside trading area enjoying a cold drink and some great food. The Plough has a bright and spacious conservatory that is currently used as a dining area but also can be used as a function room adding another income stream. We're always open to new ideas; what would you do to drive trade? If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring. The right operator for the pub will have extensive experience in a destination food outlet hospitality business as the site is currently 65% food lead. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter.
Trading Area & Facilities
* Foundation Tenancy
* Catering Kitchen
* Outdoor Trade
* Car Park
* Private Accommodation
* Main trading area with bar
* 5 dining zones
* 130 internal covers
* Around 100 external covers
* Conservatory that can be used as a Function room
* HEINEKEN SmartDispense
* Large garden to the rear as well as outside seating at the front
* Very large car park
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen, bathroom.
Pub Financials
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term. Indicative entry costs range from £16,803 - £52,173.
* Annual Estimated Turnover £688,648
* Annual Rent £39,633
* Deposit build up from 1 month rent
* Estimated Fixtures & Fittings Value £28,765
* Stock Valuation £10,000
* Working Capital Required £3,500
* Rented fixtures & fittings deal available
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. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. 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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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