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RegisterRefurbishment Planned
Cask & Spindle Shepley
112, Abbey Road, Shepley, Huddersfield, HD8 8BE
Pub Code: 0060077101
Key Features
- £220,000 Investment Planned
- Destination Food Pub
- 100+ Covers
- Private Function Room
- Free of Tie on Wines, Spirits & Food
- 40 Space Car Pak
Est Min Ingoing Costs: £55,347
Annual Rent: £52,134
More Information
Rejuvenation of Village Pub
The Cask & Spindle is a long-established pub that sits within the affluent village of Shepley. With over 2,700 adults living within 20 minutes distance from the pub, there is an appetite for a pub that serves quality food.
We are now planning an investment of over £220,000 to refresh the pub. This investment will reposition The Cask & Spindle as a destination, food led pub.
The new operator of this pub should create a premium, quality food menu that is locally sourced. This menu should be supported by a variety of premium, on-trend drinks.
Skilled Food Operator Wanted
Are you an experienced publican who has previously ran a successful food business? Do you have a passion for customer service? Ideally you will have connections with food suppliers local to the area. You will understand how to market your business online. If this sounds like you, we want to hear from you! Apply now to find out more about the investment and hear how Star Pubs & Bars will support you to grow your business.
Trading Area & Facilities
Inside, the pub is split into a main bar, dining room and private dining room. Our investment will cover all trading areas of the pub.
The main bar will be a space for locals to enjoy a casual drink. We will add new Karndean flooring to this space and it will be fully redecorated. The bar itself will be restained and we will add an eye catching tiled border on the floor. We will also add a new glass gantry over the bar.
The private dining room will receive new flooring and decoration throughout. We will retain the original fireplace.
The catering kitchen will receive brand new equipment.
Outside, we will give the pub new signage and lighting. The front terrace will be extended slightly to allow for more seating space.
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).
The main bar will be a space for locals to enjoy a casual drink. We will add new Karndean flooring to this space and it will be fully redecorated. The bar itself will be restained and we will add an eye catching tiled border on the floor. We will also add a new glass gantry over the bar.
The private dining room will receive new flooring and decoration throughout. We will retain the original fireplace.
The catering kitchen will receive brand new equipment.
Outside, we will give the pub new signage and lighting. The front terrace will be extended slightly to allow for more seating space.
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
Private accommodation consist of three bedrooms, living rooms, kitchen and bathroom.
Premises Licence Details
Please refer to Premises Licence for more details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 22:30 |
| Annual Rent | £ 52,134 |
| Estimated Tenants Annual Operating Profit | £ 52,133 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 662,090 |
| Estimated Annual Barrelage | 183 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 30,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 10,000 |
| Deposit Amount | £ 13,034 |
| Rent in Advance | £ 1,003 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 55,647 |
| Estimated Minimum Ingoing Costs | £ 55,347 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,002 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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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