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Beer Garden
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External Drinking Area
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Smoking Solution
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Car Park
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Restaurant/Dining
Property details
The Spinning Mill is located on the main road between Colne and Nelson, near Burnley. It’s a densely populated area with almost 11,000 people living within a 20-minute walk of the pub. In this area is limited competition and there is a gap in the market for good food and drink offers.
A refurbishment will turn the Spinning Mill into a premium community pub. When refurbished, the Spinning Mill will appeal to a very broad spectrum of customers due to its multi-income stream offer. The new licensee can expect income streams from couples and groups of friends, diners, and families during the week as well as pool and darts teams.
Inside, the pub will be redecorated which will include new lighting, new furniture, and new bric-a-brac. The landlords will also be refurbishing the ladies' toilets and making repairs to the gents. This will give the pub a whole new look and feel and attract a variety of customers.
The garden and smoking area will be enhanced with new furniture and a full redecoration. They will also install new signage and lighting. These works will give the pub a much more premium feel and will enable the new licensee to offer a fantastic space throughout the year.
The private accommodation at the pub consists of two bedrooms, an office, a lounge, a kitchen, and a bathroom.
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Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
Trading style
Post refurbishment, the Spinning Mill will offer a range of drinks including some premium and value lagers, craft beer, ciders, ales, premium spirits, and cocktails. A home-cooked, traditional pub classics food menu will nourish the hungry locals. Casual guests can enjoy coffee, Wi-Fi, live sports, and entertainment as part of the rhythm of the week.
The planned refurbishment of the Spinning Mill will allow a new operator to build a reputation as one of the best pubs in the area. The quality of the surroundings, a loyal local community, 77 covers, and fantastic outdoor space will make this pub stand out well above the competition. All the landlords are looking for is the right operator!
Key financials
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Reference Number:
8M9JTW / 2302366101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£42,494.00
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Annual Rent:
£27,977.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £27,977
Estimated Annual Turnover £436,818
Deposit £6,994
Estimated Fixtures & Fittings Value £24,000
Estimated Stock Valuation £8,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £42,494
Estimated Minimum Ingoing Costs £42,494
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.