Airedale Heifer Battyeford

53 Stocks Bank Road, Mirfield, WF14 9QB

  • Airedale Heifer Battyeford
  • Airedale Heifer Battyeford
  • Airedale Heifer Battyeford
  • Airedale Heifer Battyeford
  • Airedale Heifer Battyeford
  • Airedale Heifer Battyeford

Airedale Heifer Battyeford

£155,000 Investment Planned

The Airedale Heifer is a community pub located within Battyeford, Wakefield. It has a very promising catchment area - over 8,000 adults live within walking distance of the pub. Our investment will modernise the interior and give the new operator the ability to create the premium local that the area is crying out for.

Our investment will cover both the inside and outside of the pub. We will fully redecorate the interior, adding new furniture. The exterior will receive a new decked area.

The pub would suit a menu of British classics combined with more on trend items such as sharing platters. This menu should pride itself on being home cooked and appealingly presented. The next operator should not only deliver this menu but build on the pub's wet trade through a variety of weekly events.

Ambitious Local Operator Wanted

This pub would suit an experienced local operator, perhaps a couple, who has the ambition to launch this refurbishment with a bang! You will have prior experience in food hospitality and have the ability to market the pub's community events both online and through word of mouth. If this sounds like you, apply now to find out more about this truly exciting opportunity.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).



Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Weekly Billing

Trading Area & Facilities

Trading Area & Facilities

We will fully decorate all areas of the pub including the bar, dining room and WCs.

The bar will receive new furniture including cosy armchairs and booths. Television screens will be installed to show the latest sporting events. The existing timber floor will be stripped back and restained. A selection of industrial style lighting and bric-a-brac will give the pub a stylish feel.

We will install an eye catching glass gantry above the bar. The bar itself will receive a stain and polish.

In the dining room, the fixed seating will be reupholstered. Eye catching gallery walls and modern statement print wallpaper will be added.

Outside, we will replace the existing decking and reposition the balustrade to allow for more views over the scenic valley. We will add modern festoon lighting, new planters and furniture. These works will create an appealing and comfortable space for customers to enjoy.

Private Accommodation

Private accommodation consists of three bedrooms, living room, kitchen and bathroom.

Premises Licence Details

Please refer to the Premises Licence for more details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 12:00 - 23:00

Financials

Annual Rent £
30,000
Estimated Annual FMOP (Licensee Profit) £
31,424
Representative HEINEKEN UK Brand Discount Per Barrel £
146
Estimated Annual Turnover £
453,305
Estimated Annual Barrelage
247

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
25,100
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,500
Rent In Advance £
577
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
55
Premises Licence Fee £
180
Rates Assessment Fee £
50
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
40,362
Estimated Minimum Ingoing Costs £
40,362

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,234
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased