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George Hotel Leeds
George Hotel Leeds
Great George Street, Leeds, LS1 3BB Pub Code: 2302262101
Pub Code: 2302262101
Investment TenancyEst Min Ingoing Costs: £57,981
Annual Rent: £37,926
Contemporary refurbishment planned - Major refurbishment to beautiful pub in city centre of Leeds.
The George is located in Leeds city centre. The pub itself is situated just off the main central circuits, but in the immediate vicinity of student accommodation and Leeds General Infirmary (one of the biggest teaching hospital trusts in the UK). This can be competition to the pub but also gives the pub fantastic footfall and trade. The pub will attract tourists, students’ commuters, and nearby residents.
LGI, The Law Courts are the main two landmarks close to this site. The site is under 15-minute walk from the train station.
The main residents in the local area though fall into the top three types of Central Pulse, Student Scene and Learners and Earners, and there are over 7000 of these types of adults within a 10-minute walk from The George.
The offer
Drinks - The George Leeds will offer a full range of drinks that will include beer, wine, spirits, and soft drinks. Quirky cocktail or spirits offers that you become famous for, or a premium.
Food - Savour the essence of pub dining with a Great Pub Classics menu, marrying tradition with innovation for a satisfying culinary experience.
Coffee - Discover the warmth in every cup with a straightforward coffee selection, tailored for those who appreciate a simple yet satisfying brew.
Events - Dynamic weekly entertainment schedule, featuring local talents.
The George Leeds is available on our Investment agreement. Click here for more information on this agreement.
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 George Leeds will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 next chapter…
Trading Area & Facilities
Trading areas and facilities:
The George Leeds will be undergoing a refurbishment which will cover the interior and the exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Upstairs look and feel is very much about a traditional Pub offering
- Downstairs will appeal to the younger central pulse type consumer and the students that live in the local area.
- 87 internal covers
- 14 external covers
- Catering kitchen
- Large garden
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 consists of 1 bedroom, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£57,981
Estimated Minimum Ingoing Costs
£57,981
Annual Rent
£37,926
Estimated Annual Turnover
£598,838
Deposit
£9,481
Estimated Fixtures & Fittings Value
£35,000
Estimated Stock Valuation
£10,000
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:
Great George Street, Leeds, LS1 3BB
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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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