George Hotel Leeds
Great George Street, Leeds, LS1 3BBAgreement Type: Investment Tenancy
View details for George Hotel LeedsRefurbishment Planned
Fountain Head Inn Leeds
120, Beckett Street, Leeds, LS9 7JX
Pub Code: 2302183101
Key Features
- Refurbishment Planned
- Community Local
- Great Opportunity for Food
- Catering Kitchen
Est Min Ingoing Costs: £27,328
Annual Rent: £17,310
More Information
The area
The Fountain Head is located in the town of Leeds, directly opposite to St James’ Hospital and the hugely popular Thackray Medical Museum.
Demographics
The pub benefits from being one of 3 pubs found in an area of around 6,075 adults. The diverse customer base is made up of residents, as well as thousands of staff and visitors St James’ Hospital.
The offer
Available on our Investment Tenancy agreement. Click here for more information on this agreement. The pub has been in the hands of the same operator for many years, which has helped retain a friendly and welcoming environment for loyal regulars and hospital visitors. The primary driver has been a good pint in a proper pub. The potential of the Fountain Head lies in developing a food offer, as there is a good-sized kitchen, this is undoubtedly where the main opportunity for growth is.
We’re always open to new ideas, what would you do to drive trade?
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy 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…
Trading Area & Facilities
The Fountain Head will be undergoing a refurbishment which will cover the interior and exterior of the pub.
The works will include:
- External redecoration
- Redecorate and re upholster throughout the trade area and provide new floor coverings to some trade areas
- Open up the doorway to the games room.
- Install new kit into the kitchen.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 70 internal covers
- Games room with pool table
- Catering kitchen
- SmartDispense
Private Accommodation
Private accommodation consists of four bedrooms, lounge, kitchen & bathroom.
| Annual Rent | £ 17,310 |
| Estimated Annual Turnover | £ 260,990 |
| Deposit | £ 4,328 |
| Estimated Fixtures & Fittings Value | £ 14,500 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 27,328 |
| Estimated Minimum Ingoing Costs | £ 27,328 |
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:
120, Beckett Street, Leeds, LS9 7JX
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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