Proper Pubs are excited to introduce you to the third conversion in Preston Proper Pubs are investing in a full internal decoration scheme of over £200,000 in this fantastic pub. The Ribble Lodge is located in the bustling Ribbleton area, offering a prime opportunity to establish a vibrant community pub. With its proximity to housing estates and small businesses, The Ribble Lodge is ideally positioned to become a focal point for the local community. By offering a welcoming and inclusive environment, the pub can attract residents looking for a place to socialize, relax, and connect with the community. Ribbleton Avenue offers easy access to the pub from Preston City Centre and the M6 motorway. The presence of a bus stop outside the pub provides a direct and convenient connection to Preston City Centre. Pub Layout The Pub has already benefited from an external investment and Proper Pubs will be investing around £200,000 to bring this great pub back to life. The refurb will be in keeping with the pub with a fresh and modern appeal. It will be carefully balanced with loose and fixed seating and the carpeted and wooden flooring will create zones in the large open bar. There will be a sports area complete with not one but two pools tables and two darts boards as well has a TV screen to enjoy the full sky package provided. The main bar servery services all areas of the pub it will have a varied product range featuring a great selection of category leading products, complemented by numerous regular weekly promotions, customers can expect exceptional value for their money. The function room presents endless opportunities for events and gatherings. Its versatility allows for a wide range of functions, including private parties, meetings, and special events. By leveraging this space effectively, the pub can attract a diverse clientele and maximise revenue potential. Externally the pub has two versatile drinking areas to the rear there is also a covered smoking solution. The vast car park is a great space to host community events during those summer months. Trading Style: This pub will be a hub for the local community. The pub will have the full sky and TNT package with plenty of TV screens well positioned throughout and the new operator will need to market this to the wider community to ensure they reap the benefits. The pub with have two pools and three dart boards making it a perfect venue for numerous sports teams to play and for visiting teams to enjoy true Ribble lodge hospitality Entertainment will feature in the rhythm of the week ensuring all genre’s are catered for, think DJ’s, Open Mic nights, Jam sessions and live bands. The pub has the additional benefit of a function room with a stage making it a great space for family gatherings, baby showers or large group looking for a more private space, this is a great addition and will bring additional income stream to the new operator. Accommodation: Private Accommodation The private accommodation offers a retreat within the bustling atmosphere of the pub, providing excellent accommodation for individuals or family, with its spacious layout and well-maintained condition. The rooms consist of two double bedrooms, kitchen, sitting room, office and bathroom. 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 thrilled to be seeking an experienced community pub operator, you must have a good understanding of the local demographics and the community must be at the forefront of your retail offer. Developing a diverse and engaging schedule of events throughout the week is a must ensuring you are catering to different interests and age groups. This includes live music, quiz nights, themed parties, and other activities that keeps the locals coming back for more. Reintroducing sports teams is a must and unlocking the development opportunities of the function room are essential. If you’re ready to make a positive impact on the local community while driving the success of the pub, we want to hear from you 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