Craven Heifer Addingham

Main Street, Ilkley, Ilkley LS29 0PL

  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham
  • Craven Heifer Addingham

Craven Heifer Addingham

Vibrant Village Pub

The Craven Heifer is a beautiful village pub with letting rooms, nestled at the foot of the Yorkshire Dales. Located at the top of the village of Addingham, the pub benefits from custom from the immediate, affluent catchment area and from tourists and visitors exploring the stunning countryside surrounding it.

This is a wealthy area, so a future offer will need to focus providing a high quality food and drink offer, supplemented by exceptional hospitality. The pub is a premium evening dining destination, and the well-equipped kitchen also provides high quality, good values lunches for locals and the many tourists, walkers and cyclists in the area. An equally premium range of drinks is available and the Craven Heifer is Cask Marque accredited. A good coffee offer will work well here, with breakfasts also served from 9am during the summer season.

Experienced Hotelier Desired

This is a superb opportunity to take the reins at a popular country pub with a suite of beautifully designed letting rooms. We're looking for an experienced food and/or hotel operator who has the vision to drive this business forward.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Car Parking
  • Outdoor Trade
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the pub is in excellent condition throughout with a stylish country pub decor. Traditional leathers and tartans create a warm and welcoming ambience in the bar, lounge and dining area. The pub can comfortably cover for 35-40 diners who flock to the site. The pub has a suite of seven beautiful, completely refurbished, bespoke letting rooms, each with a different stylish themed decor.

This attractive traditional stone-built property has excellent kerb appeal. Outside, there is a small beer garden and parking for guests to the rear.

Private Accommodation

There is no private accommodation at this site.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 12:00 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

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