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Gamull, Preston

Preston, PR2 6RJ

Your investment

£6,000

Agreement Type

Tenancy

The Gamull is situated on the busy Longridge Road, two miles from the centre of Preston. The pub is surrounded by plenty of houses, shops and other businesses.

The Gamull is situated on the busy Longridge Road, two miles from the centre of Preston. The pub is surrounded by plenty of houses, shops and other businesses. It is located on the main bus routes into the city centre and is also within easy access to the M6 motorway.

Pub Layout

The pub has three entrances and the main entrance is through the car park to the side of the pub. On entering through this area, the bar servery is located centrally. There are two pool tables and two darts okkes with a raised area that can be used for weekend entertainment. The catering kitchen which is partially equipped is located to the left-hand side of the pub next to the ground floor cellar. The ladies and gents’ toilets are located to the right side of the pub. Externally, there is parking for up to eight cars however it is a shared car park. There is also a reasonable sized patio area with benches and this area could be developed further along with the small lawned area to the rear of the car park. The pub needs re-decoration internally and this will form part of the planned refurbishment.

The pub has a loyal customer base and is very sports driven with lots of potential to introduce pool and darts teams as this has been very popular in the past. There is also scope to develop the business further by catering to the wider community offering weekly quiz nights and weekend events. Food has previously been offered however the ingoing licensee will need to re-launch this, offering a value for money menu, with the support of Admiral Taverns Catering Executive. It is also aimed to develop the entertainment offered on site in line with the live sports via the big screen TVs.

Private Accommodation

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

Annual Rent: £14,000

Security Deposit: £3,000

Working Capital: £1,000

Stock: £2,000

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.

We want to invest in this fantastic community pub, once a suitable operator has been recruited. The refurbishment will include exterior signage and redecoration as well as interior decorating. We are looking for an aspirational, experienced operator (or couple) who have the passion, drive and who are determined to make this pub the first-choice venue in the area. They will currently be active within the local community and experienced with the drive to re-launch the food offer, promote the excellent range of cask ales and develop an inhouse activity and entertainment programme.

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.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

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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