Proper Pubs are excited to introduce you to the second conversion in Preston The Plungington will undergo a full transformational investment, Proper Pubs will be investing a huge £380,000. The Plungington is an imposing detached building set on a corner plot benefitting from an impressive sized beer garden. and following on from its investment it will be the go to pub in the area. The pub located in Fulwood, Preston nestled amongst the community with its prime location at the bustling Lytham Road roundabout in the affluent Fulwood area of Preston, The Plungington, or “the Plungy” as it’s affectionately known, will be perfectly positioned to cater to the needs of the local community. Pub Layout The pub will be tastefully decorated throughout following the investment and will have the wow factor. On entry you will be greeted with the prominent bar servery, well stocked with a vast product range catering to all tastes. The main bar area which will be balanced with both loose and fixed seating with carpeted and wooden floors creating zoned areas. The pub will have a pool table for locals to enjoy along with a TV screens to enjoy the sports. The pub benefits from a spectacular beer garden complete with its own outside bar, this really is the beer garden that will set you apart from the competition. It is the perfect spot for community events or just to enjoy a drink with friends, it would be the perfect space for community events/ fundraisers and summer festivals. Trading Style: We are putting the soul back into the Plungington to ensure it will continue to serve as a welcoming hub for the community, where both long-standing and new customers can enjoy traditional pub games alongside modern sports and entertainment. The pub will offer 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. The beer garden offers so many opportunities to stand out from the crowd not just in the summer months but all year round, the design ensures it caters for the great British weather Accommodation: Private Accommodation The private quarters at the Plungington 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 all of which we are investing in. 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 an individual or couple with experience in running a busy pub business, you will need the skill set and ambition to take this great pub to the next level. Post investment this pub will be transformed and will need an operator who can drive sales and introduce a varied and vibrant rhythm of the week. You will need to deliver top notch standards and have a really passion for the local community ensuring they are at the heart of your plans. The ability to run a multi facing business is essential. 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