Angel Hotel Easingwold

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Refurbishment Planned

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Angel Hotel Easingwold

Market Place, York, YO61 3AA Pub Code: 2302723101

Pub Code: 2302723101

Investment Tenancy

Est. Annual Turnover: £506,174

Annual Rent: £29,126

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A refurbishment is planned to spend in the region of £220,000 to transform The Angel Hotel into a premium local village pub with a strong food and drink offer throughout the day and evening. What would you do with this pub to make it a success?

The Area:

The Angel Hotel is located on the town square in Easingwold, a beautiful Yorkshire village that benefits from a weekly market and a lively local racing scene. With 3,367 adults living within walking distance, the pub has a strong local audience on its doorstep, as well as the potential to appeal to visitors drawn into the village.

The pub has been closed, creating a great opportunity to bring it back to life and re-establish it as a classic village pub at the heart of the community. With three competitors nearby, The Angel Hotel sits within an active local hospitality market, but the refurbishment will help reposition it with a refreshed look, improved kitchen and stronger all-day offer that can appeal to a broader and more diverse customer base.

The Offer:

The Angel Hotel Easingwold is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the Refurbishment Details section for details of the investment being made.

The Angel Hotel is located in the town of Easingwold, 12 miles from York. The pub is surrounded by shops, food and retails outlets and mixed housing. The pub benefits from being one of 5 pubs found in an area of around 2,000 adults. The customer base is made up of mature households and rural families.

Who We're Looking For

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 Angel Hotel will have extensive experience in food-led hospitality businesses, with the ability to make the most of the pub’s private accommodation and village location. They will have a clear vision for the food and drink menu, day-to-evening trading rhythm, local marketing strategy and customer experience, 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...

Investment Tenancy
Refurbishment Planned
Live Sports
Catering Kitchen
Private Accommodation

Trading Area & Facilities

The refurbishment of The Angel Hotel will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.

The pub's trading area and facilities post refurbishment will be:

Main trading area with bar
50 internal covers
36 external covers
Refitted catering kitchen
HEINEKEN SmartDispense
Private accommodation with two bedrooms

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, 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).

Private Accommodation

Fully refurbished private accommodation consists of two bedrooms, a living room, kitchen, bathroom.

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

£48,950

Annual

Estimated Annual Turnover

£506,174

Annual Rent

£29,126

Entry Costs

Deposit

£7,282

Estimated Fixtures & Fittings Value

£28,168

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.

New External Signage
Refitted Commercial Kitchen
Opening Up Trading Area
Interior Decor Refresh

What we're planning & why

The Angel Hotel will undergo a significant refurbishment, with an estimated investment of £229,000. The scheme will transform the pub into a premium local with a refreshed interior, improved kerb appeal, new external signage, a refitted commercial kitchen and works to the private accommodation.

What's happening?

The refurbishment will open up the internal trading area, creating a more flexible and welcoming space centred around the main bar. The interior décor will be refreshed to give the pub a more modern and comfortable feel, helping it meet current customer expectations while retaining the character of a classic village pub.

The commercial kitchen will be refitted, giving the new operator the facilities needed to deliver a stronger food offer across the day and evening. This will be key to broadening the pub’s appeal and encouraging more reasons to visit, from casual drinks to relaxed meals and local occasions.

Externally, new signage and frontage improvements will help improve the pub’s kerb appeal and make it more inviting from the town square. The pub already benefits from a strong village location, and these works will help it stand out and rebuild visibility in the local community.

The offer is open to suggestions from the new operator, creating an opportunity for someone with the right experience to shape a food, drink and local events offer that works for Easingwold.

Why invest?

This investment will give The Angel Hotel the platform to trade as a refreshed premium local, with the facilities and appearance needed to appeal to a wider customer base. The improved kitchen, upgraded trading space and stronger external presence are expected to support increased trade, with turnover anticipated to reach around £170,000.

To explore some of our recent successful pub investment projects, please see our Investment Showcase page.

King’s Reeth has recently undergone a similar transformation to what we are planning for The Angel Hotel.

Location:

Market Place, York, YO61 3AA

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Angel Hotel Easingwold