Pub Overview Fantastic opportunity to take over this well-established business What would you do with this pub to make it a success? The area The Big Lock is located in the town of Middlewich, running alongside the picturesque Trent & Mersey canal, close to the junction for the Shropshire union canal. The pub is surrounded by traditional houses and desirable new builds. It is the go-to place for locals and visitor who travel along the canal. Demographics The pub benefits from being one of 9 pubs found in an area of around 3,800 adults. The majority customer base is made up of mature medium to high affluence locals and walkers using the canal path. It is also a great place to stop for canal barge travellers. The offer Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought through food &offer. What food & drinks would you look to implement in the pub? The site currently has the ability to drive trade by delivering great customer service and high-quality food and drinks offer as well as organising local events on site. It currently offers a selection of popular beers, ciders, wines and spirits, cask ales, and a pub classic menu. The Big Lock also has the added benefit of an additional income stream, an appealing coffee shop called ‘Little Lock’ that runs a alongside the canal tow path, perfect for attracting locals, dog walkers and canal boat users. 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. They will have a clear vision for their marketing strategy, & food & drinks menu and can create a memorable experience for their customers. Strong leadership and management skills would be beneficial. Features Foundation Tenancy Private Accommodation Outdoor Trade Car Park Catering Kitchen Trading Area & Facilities Main trading area with bar Separate dining room Little Lock coffee shop 92internal covers 3 External trading areas, 1 to the Front Entrance, 1 ground floor Canalside and 1 balcony seating area Catering Kitchen SmartDispense Car parks with 24 spaces Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £96,461 Estimated Minimum Ingoing Costs £24,487 Annual Rent £71,846 Estimated Annual Turnover £984,832 Deposit £17,961 Estimated Fixtures & Fittings Value £60,000 Estimated Stock Valuation £15,000 Estimated Working Capital £3,500 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 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow