Run a Star Pub - Needless Inn Morley - Leeds

Job Details

Pub Overview

Gorgeous pub between Morley and Batley

What would you do with this pub to make it even more of a success?

The area

The Needless Inn is located in the town of Morley, close to Batley. The pub is surrounded by residential housing.

The Needless Inn sits on a busy main road between the popular towns of Morley and Batley in West Yorkshire, minutes from junction 27 of the M62 .

Demographics

The pub benefits from being one of 3 pubs found in an area of around 3,246 adults within a 20-minute walk time. The existing and potential customer base is made up of avid and loyal pub goers made up of young, midlife, and mature adults.

The pub’s trading style is capable of attracting customers from Birstall, Batley, Tingley, Morley and beyond.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a strong food & drinksoffer. What food & drinks would you look to implement in the pub?

It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.

The pub’s attractive environment inside and out is complemented by a delicious homemade food menu, range of premium drinks options and gorgeous views to the rear

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

Features

• Foundation Tenancy
  
• Catering Kitchen
  
• Car Park
  
• Outdoor Trade
  
• Private Accommodation
  

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• 70 internal covers
• 40 external covers
• Comprehensive kitchen with separate prep space
• Smart Dispense
• Large patio garden
• Car park with 50 spaces

Private Accommodation

Private accommodation consists of 3 bedrooms, bathroom, kitchen, office, a living room.

Pub Financials

Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.

Indicative entry costs range from**:

£16,695 - £73,086

Annual

Estimated Annual Turnover

£600,449

Annual Rent

£38,344

Entry Costs

Deposit
**Deposit build up from 1 month rent

£9,586**

Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available

£50,000**

Stock Valuation

£10,000

Working Capital Required

£3,500

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.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow