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Forrests Arms Longridge

Pubs & Bars • 2 Derby Road, Preston, Lancashire PR3 3NP Management opportunity
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Summary

**First year reducent rent and low ingoings deal available**…

Description

**First year reducent rent and low ingoings deal available** A fantastic opportunity to take on an established and well-kept circuit venue in the centre of Longridge. The Forrest is a well-known and regarded fixture of the town's late-night economy and presents a great potential to further grow the business for the right operator. Ever dreamt of being your own boss, running a thriving pub, and shaping a vibrant community hub? Partnering with Stonegate, the UK's largest pub company, makes that dream a reality. We offer the best of both worlds: self-employment with the unwavering support of a dedicated team, from regional managers to a network of experienced publicans in your region. From free BII membership to unlock industry insights, to a diverse portfolio offering the perfect pub for your vision, Stonegate empowers you to maximize endless profit opportunities. Plus, our flexible tenancy agreements ensure you have the control you need to succeed. Key Features • Live Sport & Live Entertaiment focussed • Easily managed single bar servery • Good quality beer garden area to rear • Potential to develop basic pub-grub offering Business & Financial Information • Estimated ingoings (upfront): £8,045 • Full deposit: £7,250 • Agreement fee: £795 • Guide rent (weekly): £558 • Guide rent (annual): £29,000 • Forecast turnover (weekly): £394,094 • Forecast turnover (annual): £394,094 Ideal Operator The ideal operator for The Forrest will be full of enthusiasm with a desire to further grow the already established offering. A passion for live sport and entertainment is a must, along with a good understanding of footfall driving activity in order to further grow the business. Private Accommodation The property benefits from three bedroom private accomodation in good order. Regional Manager's Thoughts The Forrest Arms is truly part of the community in Longridge with an established reputation as part of the evening circuit. Whilst the pub is best known for its live sport and music there is huge potential to further grow the business with mid-week events and day time trading. The pub boasts a great beer garden to the rear to maximise sunny trading periods. There is a catering kitchen not currently in use which could deliver a good quality pub-grub offer. Surrounding Area Situated in a prominent position in the centre of Longridge, the Forrest is a key fixture within the local community. The property is located in a mixed-use area of town with a combination of housing and other local businesses in the immediate vicinity. This is a community pub and engaging with residents and business owners will be a key part to driving trade through events and activities.

Upfront cost

£8,045
Cost type: Upfront

Key facts

Upfront cost
£8,045
Turnover (annual)
£394,094
Rent
£29,000 (annual)

Location

2 Derby Road, Preston, Lancashire PR3 3NP
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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