The Spinning Mill Colne
Summary
The Pride of Pendle
Description
The Spinning Mill is located on the main road between Colne and Nelson, near Burnley. It’s a densely populated area with almost 11,000 people living withing a 20-minute walk of the pub. In this area is limited competition and there is a gap in the market for a good food and drink offer. A refurbishment will turn the Spinning Mill into a premium community pub.
When refurbished, the Spinning Mill will appeal to a very broad spectrum of customers due to its multi-income stream offer. The new licensee can expect income streams from couples and groups of friends, diners and families during the week as well as pool and darts teams.
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The offer :- The Spinning Mill is available on our investment tenancy agreement. Click here for more information on this agreement.
Serious Potential
Post refurbishment, the Spinning Mill will offer a range of drinks including some premium and value lagers, craft beer, ciders, ales, premium spirits and cocktails. A home-cooked, traditional pub classics food menu will nourish the hungry locals. Whilst casual guests can enjoy coffee, Wi-Fi, live sports and entertainment as part of the rhythm of the week.
The planned refurbishment to the Spinning Mill will allow a new operator to build a reputation as one of the best pubs in the area. The quality of the surroundings, a loyal local community, 77 covers and fantastic outdoor space will make this pub stand out well above the competition. All we are looking for is the right operator!
Special Offer – unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings with three months’ deposit.
Upfront cost
£18,415
Cost type:
Upfront
Key facts
Upfront cost
£18,415
Turnover (annual)
£452,384
Rent
£27,660 (annual)
Location
BB8 8LF
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
Message the seller. We’ll forward your details so they can reply directly.