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YOUR INVESTMENT

£8,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsLive MusicKitchenSports Teams
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Adelphi

Blackburn, BB1 1EZ

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OR CALL 01244 321 171 FOR MORE DETAILS

The Adelphi Beer Engine is a large building located on a corner plot in a prominent position on the main road into Blackburn town centre. It is situated opposite the recently upgraded Cathedral square close to the main railway station and to the Morrison’s supermarket. Blackburn has recently undergone a major regeneration with many hotels and restaurants being built which drives further footfall to the town with a number of new restaurants and leisure outlets. The busy New Mall Shopping Centre has recently been built and features lots of major shops and to the rear of the Adelphi the old Lancashire Telegraph building is undergoing renovation and conversion in to 68 apartments. Blackburn is a prosperous and ever growing town in Lancashire and lies around ten miles from Preston and twenty miles from Manchester. It has a population of approximately 106,000.

Pub Layout

The Adelphi is currently trading as a cabaret bar trading from a central bar servicing the large open plan lounge with an area for pool and darts as well as zoned areas that can offer a quieter place to enjoy the atmosphere. On entering, the bar servery is located to the left side of the pub and is surrounded by plenty of seating and can cater for up to 60 people. There is also an area to the left of the pub ideal space for a pool table and darts area. The catering kitchen is located behind the bar and is partly equipped. The ladies and gents toilets are located to the right side of the pub. The pub is in good condition however the new licensee may wish to put their own stamp on the pub to create a new feel to the pub and welcome in old and new customers.

The Adelphi Beer Engine is a town centre pub that benefits from both day and night time trade. Food has previously been served from the small galley kitchen adjacent to the bar servery and there is scope to introduce an value for money food offer which will generate further income into the business. The pub currently offers cabaret entertainment however there is an opportunity here to develop a community pub feel accommodating live bands as well as introducing an array of sports teams such as pool and darts.

Private Accommodation

The private accommodation is located on the first floor and consists of three bedrooms, large lounge, office, kitchen and bathroom with a separate toilet which are all in good order.

Annual Rent: £15,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: Negotiable

Fixtures and Fittings: Upon Valuation  –  Funding options available for the right licensee.

Tie:        This site has a Free of Tie opportunity.

Training: £250 plus VAT

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

The Adelphi should be a popular community local and a well known stop on the town centre circuit. We are looking for applicants who have knowledge of the local area with the skills, passion and drive required to re-kindle the pub back to its former trading levels. There may be scope to develop the upstairs facilities currently not used at the outlet as either a function room or letting accommodation.

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.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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