Run a Star Pub - King on the Lane Leeds - Leeds

Job Details

Pub Overview

The area

King on the Lane is located in the suburb of Moortown, North Leeds, close to a large shopping centre with a Sainsbury’s on the Ring Road North. The pub is surrounded by mixed housing.

Demographics

The pub benefits from being one of 2 pubs found in an area of around 2,910 adults. The King on the Lane customer base is made up of Mature, Young, and Midlife adults.

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 food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via, selection of pub games, such as pool, and darts and live entertainment. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu.

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 community led 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.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

• Foundation Tenancy
  
• Catering Kitchen
  
• Live Sports
  
• Pub Games
  
• Outdoor Trade
  
• Car Park
  
• Private Accommodation
  

Trading Area & Facilities

• Main trading area with bar
• 60 internal covers
• 30 external covers
• Comprehensive kitchen
• Smart Dispense
• Prominent front garden
• Car parking available in the precinct with ample spaces
• Sports lounge area with pool table, multiple TVs and dart board

Private Accommodation

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

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**:

£12,507 - £39,522

Annual

Estimated Annual Turnover

£244,340

Annual Rent

£12,090

Entry Costs

Deposit
**Deposit build up from 1 month rent

£3,022**

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

£25,000**

Stock Valuation

£8,000

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