Lease to Blackpool pub The Manchester goes on the market with pub company charging £1,200 a week in rent

The Manchester, on the corner of the Promenade and Lytham Road, is seeking a new operator as pub company Stonegate Group steps back from managing the seafront venue.

Since acquiring the pub, Stonegate have managed The Manchester themselves and spent £176,000 revamping it in 2019. But the pub company now intends to hand the keys to an independent operator, which it refers to as a ‘Pub Partner’.

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The lease will cost around £1,225 a week - this includes £1,057 in rent and weekly payments of £120 for the ‘fixtures/fittings’ and £48 towards a ‘repair fund’.

The leaseholder will also have to pay a £13,750 deposit and a £775 ‘agreement fee’. But Stonegate say the costs will be worth the investment as they forecast a potential business turnover of £980,821 per year.

They say the pub can expect an annual ‘wet turnover’ of more than £800,000 year - referring to the amount of money the Manchester should make from selling drinks. While its dry turnover (food) could exceed £176,000.

The weekly rent is for the pub only. There is no private accommodation at The Manchester, add Stonegate.

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‘The ideal operator’

The pub company say the ideal operator needs to have extensive hospitality experience in both food and drink along with a “true entrepreneurial flair”.

“The Manchester Pub will always be an iconic part of Blackpool’s nightlife scene,” said Stonegate, adding “it’s a must-visit spot for both locals and tourists which will require an experienced operator who has a deep understanding of local knowledge and experience of high volume turnover sites”.

You can find more details on the Stonegate Group website here.