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White Bull Hotel, Chorley

Chorley, PR7 2SG

Your investment

£11,500

Agreement Type

Tenancy
  • Fantastic wet led opportunity
  • High street location
  • Highly sports driven

The White Bull is a Three storey building situated on Market Street in Chorley, the main street in Chorley Town Centre, in the Northwest region of England. The White Bull benefits from being located amongst a variety of shops, restaurants and pubs/ bars with the pub being the first pub on the way into Chorley town centre. Chorley is located just 8 miles from Wigan, 11 miles from Blackburn and is in close proximity of Bolton, Preston and Northwest of Manchester and has a population of approximately 38,400. There are easily accessible transport links in the way of buses, taxis and via Chorley Train station.

Pub Layout

The pub is accessed from the main high street, as you approach the front door you are greeted by the one bar servery directly in front of you, to the right-hand side of this there is a pool table/darts/teams areas making this the ideal space for local sports teams. To the left-hand side of the pub, you will find the big screen TV and a seating area for televised sports. The L shaped bar follows you to the right with plenty of fixed and lose seating, here you will find a set of double doors providing access to the ladies/gents on the right. Out of another door, leads you to the beer garden which is paved and leads up to a raised decked area and features a small outside bar, and a mixture of wooden benches and lose seating. The garden benefits from having sheltered areas for those colder months.  There is a small kitchen with the potential to offer backbar meals adding an additional option here in the future.

 

 

The pub is currently 100% wet trade, however there is a small kitchen with some potential to offer a handheld food option in the future. The Retail offer is sports led with a huge football/rugby following here, benefitting from welcoming football teams on match days and live entertainment of a weekend.

Private Accommodation

The private accommodation is split over two levels. To the first floor there is two bedrooms, a kitchen, bathroom, and office. To the second floor there are four rooms which are not currently being used. (Please note these cannot be used for letting rooms)

 

Annual Rent: £30,000

Security Deposit: £,5000

Working Capital: £2,500

Stock: £3,000

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

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

Admiral Taverns are looking for someone who ideally has experience of running a wet led sports orientated pub, the pubs benefits from welcoming the opposing football teams in before big matches and would need to experience and knowledge of accommodating this. You will also need to be someone who wants to be part of a community as the heart of this pub is welcoming its regulars and locals.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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