Proper Pubs are excited to introduce you to the Lancaster Gate (formally known as Black a Moore). We have recently invested a whopping £280,000 into the pub which has transformed both the internal and external appearance, making it the go to community pub in the city centre. The pub is a short walk to the main bus station, with the market square directly opposite, there is also huge complex being built due to open in 2025 with a bowling alley, cinema and family restaurants this will without a doubt bring a welcome boost to the city centre footfall. Preston is a city in Lancashire located in the northwest of the country with great transport links via the M6 motorway. Pub Layout The Lancaster Gate has been tastefully decorated throughout. On entry you are greeted with the prominent bar servery, which is well stocked with a vast product range catering to all tastes. To the left is a snug area with high poser tables and chairs, there are also TV screens which makes a great space to catch up with friends and watch the sport. To the right is the main bar area which is well balanced with both loose and fixed seating. The pub has a dedicated darts area for locals to enjoy, this area also benefits from both fixed and loose seating. The pub also has a pavement licence, so customers can enjoy a drink in the summer months while watching the world go by. Trading Style: The Lancaster Gate serves as a welcoming hub for the community, where both long-standing and new customers enjoy traditional pub games alongside modern sports and entertainment. The pub offers a diverse range of sports coverage throughout the week on multiple screens, including both Sky Sports and TNT Sports. The new operator will be expected to create a vibrant sports culture while introducing engaging weekend entertainment, such as quiz nights, karaoke, and live music. Expect an established product range, enticing promotions, and excellent value for our valued customers. Accommodation: Private Accommodation The private quarters at the Lancaster Gate are a great size and would make an ideal space for a family or couple to call home. There is three bedrooms, bathroom, kitchen and sitting room. Financial: Security deposit: £2,000 No rent applicable on this agreement This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock and day to day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff and any council tax and TV licence for the residential quarters. All new operators have comprehensive free training as part of their agreement. 7 Steps to Sales Success Training Programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step. E-Learning Training for you and your staff. Featuring more than 30 courses for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing. BDM Vision: Lisa Jennings the Business Development Manager is seeking someone who is going to stand out from the crowd and make this the go to pub in Preston city centre. You will need bags of energy and passion; this is an exciting opportunity that you will want to grab with both hands. You must have previous experience in running a similar style venue and showcase the skills to market & deliver a strong rhythm of the week Future Plans: Additional Information: 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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step. Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix