AVAILABLE ON OUR NEW PUNCH BUYING CLUB AGREEMENT

Partner Recruitment
Punch Taverns
0844 848 3264
Polly.Vickery@punchtaverns.com
www.PunchPubs.co.uk
AVAILABLE ON OUR NEW PUNCH BUYING
CLUB AGREEMENT
Pub Refurbishment Planned
Pub Profile
Profit Potential £49,802 per annum
Key Attributes
Click image to enlarge
Nags Head
30 Church Street, Lancaster LA1 1LH
Please contact our Partner Recruitment team on
0844 848 3264 for more information
• Landmark pub with a fantastic location in the heart of Lancaster’s town centre
• Large patio to the rear with spacious smoking area
• Transformational investment of circa £250,000 planned
Pub Summary
The Nags Head is a well known pub, located in the heart of Lancaster’s town centre; historically
it has been traded as a traditional drink led pub.
Opportunity
Punch is planning a transformational investment of around £250,000 in order to develop The
Nags Head into a high-end bar venue which will primarily attract young professionals. It is

expected that the new operator will trade throughout the day and introduce an offer which
incorporates quality food, a range of cask ales, wines, cocktails and entertainment.
The property also benefits from an annexe to the side of the building, which has separate access
and the potential to be converted into 8-12 letting rooms, office space or management
accommodation. This area would need to be developed by the new operator and will not be
included in the Punch funded investment; this revenue however will not be rentalised. The pub
also has a significant amount of basement space which could be used by a micro-brewer or as
further trading space.
Area Demographic
• Over 117,000 people live within 5 miles of the pub
• The area has a mixed population including over 30,000 18 to 34 year olds
• Cosmopolitan and well educated young adults
• An area behind the pub has planning permission to be developed into student accommodation
and works are expected to be started in 2013.
Please note the figures below represent the deal post investment: value for Fixtures
and Fittings represents the amount payable at the start of your agreement. The
remainder is subject to a sales agreement payable over an agreed period of time.
Pub Attributes
Trading Back of house External Private
Public Bar
Open Plan Trading
Area
Trade Areas
Kitchen Smoking Solution
(External)
• Large trading space with distinct zones
• First floor trade kitchen
• Terrace garden with smoking shelter
• Annexe which has separate access and development potential
Private Accommodation
• 4 bedrooms
• Lounge
• Dining room/office
• Kitchen
• Bathroom
Financial Information
Private Kitchen
Private Bedrooms (4)
Private Bathroom
The rent for this pub has been calculated following guidelines published by the Royal Institution
of Chartered Surveyors. It is based on an estimate of the profit this pub should be capable of
producing when run by a reasonably efficient operator. In the same way the figures below for
earnings, turnover and FMT beer barrels are all estimates for a reasonably efficient operator.

You may believe you can do better or worse than these estimates therefore you must make your
own assessment of the potential of the business and you must take independent professional
advice to build your own business plan for the pub.
Estimated
Earning
Potential
Per
Annum
Estimated
Potential
Turnover
Per
Annum
Estimated
FMT Beer
Barrels
Per
Annum
£49,802
This figure only shows your anticipated operating profit and
excludes the financial benefit of the living accommodation. The
value of this accommodation should be considered as part of
your overall decision.
Drink Food Machine Other
£309,449 £249,167 £3,300 £1,300
Machine turnover shows turnover net of machine rent.
275
Your Investment Figures
This is for ale, lager and cider only and is the target number of
tied barrels you are expected to buy from us at your agreed
discount.
£ 9,123 Fixtures & Fittings (est)
£ 2,500 Stock & Glassware (est)
£ 6,000 Estimated Working Capital
£ 11,500
Deposit (between 20% and 25% of
annual rent or £6,000, whichever is
greater)
£ 1,195 Foundation For Success Training
£ 1,500
Legal fees/valuation/licensing/survey.
Figure variable and less on tenancy option
£ 31,818 Your Estimated Initial Investment
Agreement
Offered
Punch offers you a lease with levels of discount / rent combinations.
The lease gives you access to our full range of benefits including
membership of the on-line Punch Buying Club, free of tie concessions on
Wines, Spirits Minerals and local Ales and participation in our volume
growth incentive scheme.
Rent Guide
The level of rent you pay is directly related to the discount you agree for
your target number of tied beer barrels.
All of our pubs are available with full discounts for your tied beer but the
advantage of leasing a pub with Punch is that you can choose to keep
your fixed rent low by agreeing to pay more for your target number of
tied beer barrels. Any barrels you buy above your target are sold to you
at full discount through a rebate in our volume growth incentive scheme.
Punch Buying Club
Option 1
Punch Buying Club
Option 2

Trade History
EPC Document
Annual rent £57,501 £71,648
Tied product
discount/barrel
Volume growth incentive
Tied products
£100 £160
Additional £60 per barrel
earned for every barrel
above target
Ale, Lager, Cider and
Machines
Click image to open EPC Document
Additional £20 per barrel
earned for every barrel
above target
Ale, Lager, Cider and
Machines
FOT Cask ale provision BOGOF cask ale* BOGOF cask ale*
Punch Rent review
provision
Partner Rent review
provision
Machine tie
None None
can be called at 5 years can be called at 5 years
50/50 machine profit FOT
option available
50/50 machine profit FOT
option available
Inflation Provision CPI CPI
Flow Monitoring Installed Yes No
Online trading required Yes Yes
Repair liability
Fully repairing and
insuring
Fully repairing and
insuring
Notice period provision None None
Agreement assignable Yes Yes
* Buy one get one free of tie from Progressive Beer Duty Listed brewers
Your dedicated BRM can offer help, support & guidance in all aspects of
your decision to enter into an agreement with Punch Taverns.
Total Ale, Lager and Cider deliveries (inc. free gifts)
Last 12 months 257 brls
1 - 2 years ago 320 brls
Approximate Partner
Machine Income
1 barrel = 36 gallons = 288 pints
Last 12 months £1,650

Suitable Applicants
• Ideally a town centre venue operator with catering skills
• Would benefit from experience of trading a similar, chameleon style
venue and of hosting live entertainment
_____________________________
Punch Taverns is one of the UK’s leading leased pub companies. We are
passionate about our pubs and committed to supporting our Partners to
give them the best chance of success.
What do Punch Taverns offer?
_____________________________
� An agreement that offers flexibility and choice. You negotiate the
type and length of agreement. You choose what combination of
fixed rent and price discount structure that best suits your business
plan
� Award winning training to ensure that you are set up for success
from day one. This includes ongoing access to specialist courses,
from chalk boarding to getting the most from social media
� Business consultancy advice from our Business Relationship
Managers to help you retain a competitive edge and grow your
business
� Access to a wide range of additional support and expert advice
from developing a food offer and menu, to introducing a cask ale
offer, accountancy and marketing
� Our BIIBAS accredited Code of Practice outlines our promise to our
partners and sets a clear and transparent framework for the
relationship on both sides
� A full drinks delivery service offering a wide range of all the top
selling brands as well as access to over 148 cask ales
� A quality estate which is maintained through continual investment
in our pubs
� Access to all the newest and best leisure machines through our
profit sharing managed supply scheme
Application procedure
. . . . . . . . . . . . . . . .
Applicants must complete a Punch Taverns application form either online
or by contacting Partner Recruitment on 0844 848 3264.
Interested parties should view discreetly as customers in the first
instance. Please do not take copies of these particulars into the premises
during opening hours nor attempt to discuss the property with the
current licensee, staff or customers.
Misrepresentation Act- These particulars shall not form part of any offer
or contract and no guarantee is given as to the condition of this property
or the accuracy of its description. An intending lessee or tenant is not to
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ely on any representation made in these particulars and must satisfy
themselves as to their own investigations before entering into contract.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The mention of any appliances and/or services within these sales
particulars does not imply they are in full and efficient working order.
All measurements, areas and distances are approximate only.
*Please note that Punch Taverns give no assurances or warranty, either
expressed or implied, so far as the previous trade is concerned and any
prospective tenants must rely on their own advice and opinion as to the
trading potential of this property.
See our website www.PunchPubs.co.uk for further information.
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Recruitment@PunchTaverns.com 0844 848 3264 www.PunchPubs.co.uk