Gibsons York
129 Micklegate, York, YO1 6LBAgreement Type:
Just Add Talent
View details for Gibsons York
Angel Hotel Easingwold
Angel Hotel Easingwold
Market Place, York, YO61 3AA Pub Code: 2302723101
Pub Code: 2302723101
Investment TenancyEst Min Ingoing Costs: £33,444
Annual Rent: £31,777
We’re investing in this charming pub in the heart of Easingwold, a bustling market town near York. With a full refurbishment, we’re restoring its traditional Yorkshire charm to create a premium yet welcoming space for locals and visitors. Do you want to be part of this journey?
The Area:
The Angel Hotel Easingwold is available on our investment tenancy agreement. Click here for more information on this agreement.
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.
The offer
The full refurbishment will restore the pub's traditional charm to suit this vibrant market town location. Featuring a 51-seat dining area, outdoor space and a fully refurbished manager's private accommodation, this pub is ready to become a standout destination in the area, appealing to a broad audience from locals to day-trippers.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
We're seeking an experienced licensee with a passion for Yorkshire food and a traditional hospitality ethos. They will have a clear vision for their food & drinks menu, marketing strategy and sports offer and can create a memorable experience for their customers.
Ready to lead a beautifully revamped pub? Apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 51internal covers
- 36 external covers
- Catering Kitchen
- Smart Dispense
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).
Private Accommodation
Fully refurbished private accommodation consists of two bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£33,444
Estimated Minimum Ingoing Costs
£33,444
Annual Rent
£31,777
Estimated Annual Turnover
£478,907
Deposit
£7,944
Estimated Fixtures & Fittings Value
£15,000
Estimated Stock Valuation
£7,000
Estimated Working Capital
£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.
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.
Location:
Market Place, York, YO61 3AA
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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