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YOUR INVESTMENT

£12,000

AGREEMENT TYPE

Tenancy,Five Year Agreement

FACILITIES

3+ BedroomsCask AleLive MusicKitchenSports TeamsCar ParkBeer Garden
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George IV

Burnley, BB12 6LG

Please leave your details and our team will be in touch. * fields are required

OR CALL 01244 321 171 FOR MORE DETAILS

The George IV is located on the main road between Burnley and Padiham, with Burnley town centre just under three miles away with close motorway links. Situated between the residential areas of Habergham and Lowerhouse the pub benefits from having a large number of privately owned and authority owned houses nearby as well as many local shops and businesses to attract custom from the surrounding area. There are two considerable housing developments under way in the local area, both of which are expected to be completed within the next 12 months. One of these, a development of around 80 3-4-bedroom executive homes is just 200 metres from the pub, and once completed will provide the licensee with a fantastic opportunity to bring in additional custom. The pub has a church across the road which is regularly used for Christenings, Weddings and Funerals.

Pub Layout

Upon entering the pub you are welcomed in to the main bar, furnished with flagstone flooring, high stools, poser tables and a mixture of loose seating. The spacious bar is set on the back wall and serves all areas of the pub. To the right you will find a snug seating area with carpeted flooring and a mixture of fixed and loose seating, all of which have been kept to a high standard. The games area can be found to the rear of the pub and is home to a pool table with a step up, separating it from the rest of the pub. Televisions can be found throughout the pub, they are well positioned and are easily visible from any area of the trading floor. The lounge / dining area, which could easily be split off for private functions is to the left of the entrance and has polished wooden flooring and a mixture of fixed and loose seating. The catering kitchen can be accessed through the bar and has the capacity to cater for a traditional food offer along with private functions. A corridor to the right of the bar provides access to the toilets, private accommodation and the side/rear entrance. Outside the pub you will find a car park providing space for up to ten vehicles and a smoking solution near the rear entrance. The spacious beer garden is fully enclosed and has been hard landscaped. “Bedrock Gardens” as it’s known, has six fixed stone tables, and enough stone seats for 50 customers, but more seating could be added if and when required.

George IV is a traditional community pub serving the local and wider community. Weekday trade tends to revolve around darts and pool teams which keep the pub busy and live televised sports entertain the customers all year round. The bar offers a wide selection of lagers, ciders, and cask ale, with well stocked fridges offering continental beers, fruit ciders, minerals and mixers, as well as a back bar promoting a variety of wines, and a good selection of house and premium spirits. The food offer is underdeveloped at the moment but with the right operator, a traditional menu of pub favourites would promote more lunch and tea time trade, particularly during the week.

Private Accommodation

The private accommodation is located on the first floor and accessed through a private entrance through the pub. In brief it comprises: landing, kitchen, lounge, bathroom and three good sized bedrooms all in good condition.

Annual Rent: £14,500

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3,000

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 an individual or couple with the passion and knowledge of running a successful community local. Cheerful and sociable, the successful applicant(s) would be able to build a great rapport with the local community and continue to support the current customer base whilst attracting other less frequent users, of which there are many, through excellent retail standards, a calendar of regular entertainment and by developing a traditional food offer.

Behind the right operator a significant refurbishment would be considered in order to bring in more customers from further afield and to widen and vary the pubs customer base. Considerations would be made for renovation of the trading area, replacement of the fixtures and fittings, and a facelift of the external signage and decorations. I would seek input from the licensee at this stage to cater for their requirements and what they feel would help improve the customer experience. With a housing development in the local area as well as the current local amenities and passing trade the George IV is a fantastic pub with huge potential to increase trade, and to be a successful business for years to come.

Proposed opening times –

Monday – Thursday        Midday – Midnight

Friday – Saturday           Midday – 1am

Sunday                           Midday – 11pm

Facebook Page – https://www.facebook.com/GeorgeIVBurnley/

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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