01283 501999
Refurbishment Planned

Hest Bank Hotel

11 Hest Bank Ln, Hest Bank, Lancaster LA2 6DN, UK
Initial Ingoings*:
£5,295
Exp. Earnings:
£48,669
Facilities
  • Accommodation (Private)
  • Beer Garden
  • 16 Spaces Car Park
  • Cask Ale
  • 100 Covers Catering Kitchen
  • Childs Play Area
  • Function Room
  • Wifi

Overview

Looking to run a pub?

The Hest Bank Hotel is a beautiful pub in Hest Bank Village, an affluent village on the outskirts of Morecambe and Lancaster. It is located on the edge of a canal popular with boaters, tourists from caravan parks along the coast as well as residents from the area. The Hest Bank Hotel  is to be completely refurbished to a new concept suited to the demographics and area, and needs a operator who can drive a business which will be  known for its good food, cask beers, professional staff and service.

Refurbishment

This pub is undergoing a complete refurbishment to become a Village Pub and Kitchen. The upstairs meeting room will also be undergoing repair works and redecorations, while the renovation of the upstairs letting rooms could take place at a later date.

Business Facilities

This pub has a central bar surrounded by four lounge areas which gives a welcoming and cosy feel, the pub has dining for 100 covers. There is also a catering kitchen, small conservatory and a pretty garden and nearby canal for the summer and a car park or up to 16 cars.

Accommodation

Your domestic accommodation would include a private lounge, kitchen and bedroom, this will under go a redecoration and be a good standard.

The local area

The immediate area’s demographics are affluent with a mixture of retired or financially secure locals using the pub for regular meals and outings.

The wider catchment area includes the South Lakes, an area popular with tourists all year round, as well as Lancaster University’s Hall of Residence and Lancaster itself.

Seasonal trade comes from nearby caravan parks (proximity to Morecambe and the traditional seaside parks) plus canal boat trade during the warmer months as it is possible to moor at the pub’s beer garden.

This pub may suit

The next operator will have experience managing a premium food offer and the ability to adapt to seasonal demand and high throughput volume and always provide consistent high-quality service. This pub is a destination for varied customer base, which need to be considered and the business may also benefit from more interest in the local community’s activities will help to further develop the trade. Letting room experience may be an advantage as there is scope to offer this.

About the Contract

Our retail contract is a fantastic way to run a pub on a self-employed basis, but have the comfort and support of knowing that we are right beside you to guide you through this business venture

You’ll have the peace of mind knowing that the fixed costs associated with running a small business are not yours. Leaving you free to focus entirely on delivering a great retail offer to drive sales and profit.

What’s on Offer

  • Low cost entry
  • Self-employed
  • A ready-made pub with tried and tested food and drinks offers
  • 3-year contract (3-month notice period) rent free
  • Most of the day to day running costs are covered by us
  • LOTS of support from Punch
  • Accommodation included
  • 5-day Induction course – free of charge is provided together with additional on-going training, a support package and a dedicated Punch Development Manager to help you develop your business

You only pay for:

  • Labour
  • Consumables
  • Internal Maintenance

* The calculation of the initial ingoing costs assumes a minimum deposit (£3,000 or £5,000) plus legal fees. The subsequent deposit build up can be paid over the term of the contract and up to £100 per week. This can be discussed with the Punch Development Manager

Business Information

Initial Deposit*
£5,000
Legal Fees
£295
Working Capital
£2,000
Maintenance Fund Per Week
£40
Forecasted Annual Wet Turnover
£390,297
Forecasted Annual Food Turnover
381,333
Forecasted Annual Other Turnover
£16,250
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