Stags Head Hotel - Goosnargh, Preston

Ingoing Costs: £11,577

Annual Rent: £37,750

Annual Turnover: £474,108

Pub Overview

Proposed Refurbishment Planned ! North of Preston positioned in the countryside in the picturesque village of Goosnargh, the Stags Head Hotel is a beautiful village inn. The pub is in an affluent area located opposite local businesses and on the main bus route. Surrounding the outlet, detached and terraced homes can be found which presents an excellent opportunity for the right operator to build a loyal customer base.

Externally, the pub benefits from an extensive external drinking area to the rear for sunny summer days. There is a substantial opportunity to expand this trading area and invest in this prime space to create an all-weather function area. The pub also boasts a large car park making it an ideal destination outlet.

With a great location, ample parking and a reputation for serving excellent food and drink, the Stags Head really is a great opportunity for an experienced food operator.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The lessee accommodation is also extensive providing large lounge area, kitchen, bathroom and 4 bedrooms. This would allow the operator to transform into letting rooms and add on another valuable income stream to this fantastic business.

There is a separate, self contained flat which is in move-in condition following the refurbishment.

Important information

Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Licensee - Preston