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Slide Government Funding and General licensee guidance regarding COVID-19 - Please click here (last updated July 2nd) Admiral COVID-19 licensee support and Rent policy - Please click here (last updated June 8th) ‘RISING FROM LOCKDOWN' - RE-LAUNCHING YOUR PUB IMPORTANT Re-opening Stock Ordering and Delivery Instructions - Please click here (last updated June 9th) Out-Of-Date Draught Stock Process - Please click here (last updated June 4th)
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YOUR INVESTMENT

£16,250

AGREEMENT TYPE

Five Year Agreement

FACILITIES

Open Fire3+ BedroomsLive MusicSports TeamsCar ParkBeer Garden
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Abbey Hotel

Accrington, BB5 1HP

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OR CALL 01244 321 171 FOR MORE DETAILS

The Abbey is an attractive, detached community pub, predominantly placed on a corner plot creating a great sized footprint. Located just off the main road through Accrington, the pub benefits from being surrounded by numerous businesses and is a stones throw away from local shops and densely populated residential areas. Accrington is a town in the Hyndburn borough of Lancashire, England. It lies about four miles east of Blackburn, six miles west of Burnley, thirteen miles east of Preston and twenty miles north of Manchester city centre meaning that access routes and transport links to these bigger cities are easily accessible and public transport is frequent.

Pub Layout

The Abbey is a split operation, not only in layout but in trade and culture as well. On turning left from the entrance porch you are welcomed into the cosy snug area, with it’s own bar servery and wall mounted televisions along with a mixture of fixed and loose seating which is mainly inhabited by the locals. To the right of the entrance porch there is a larger lounge bar – a.k.a the main bar area, again with its own bar servery and versatile fixtures and fittings in order to cater for their different branches of entertainment throughout the week. From the snug there is a ramp, leading down to the cafe/ restaurant area, complete with a fully compliant commercial kitchen and the capacity and furnishings for easily twenty five covers at a time inside. From this area, through attractive French doors, you enter on to the covered decking area with a separate smoking solution and a number of benches. Stepping down from the decking is the enclosed, lawned beer garden housing picnic benches, ideal for sunny days and al fresco dining.

This pub really is in the heart of the community, with its eclectic offer, it has something for everyone. There is a brilliant and popular food offer in the cafe/restaurant along with a great standard and premium drinks offer throughout the trading areas. The pub currently has a very community focused rhythm of the week with, again, something for everyone. During the week they host darts and dominoes teams along with putting on bingo, quizzes and an assortment of other fun, involving entertainment. At the weekend they have live acts and bands on Fridays and Saturdays, with Sundays being for open mic’s and karaoke.

Private Accommodation

The private accommodation is located on the first floor and has been kept up to a very good standard. It comprises: three bedrooms, lounge, kitchen and a bathroom.

Annual Rent: £23,000

Security Deposit: £5,000

Working Capital: £7,000

Stock: £4,000

Fixtures and Fittings: Upon Valuation  – funding options 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: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I am looking for a strong couple to take over this already popular pub and continue to drive the business and keep it at the heart of the community. The successful applicants must have some level of catering experience as this is a large part of the business. Marketing and advertising skills are key along with exceptional standards. You must be willing to embed yourselves in the community lifestyle and accept feedback from what your clientele are asking for, and ultimately delivering it.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

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