Fountain Head Inn Leeds
120 Beckett Street, Leeds, LS9 7JXAgreement Type: Investment Tenancy
View details for Fountain Head Inn Leeds
George Hotel Leeds
Great George Street, Leeds, LS1 3BB
Pub Code: 2302262101
Key Features
- Refurbishment Planned
- Traditional Pub
- Town Centre Location
- Small Plates
- Outdoor Terrace
Est Min Ingoing Costs: £43,343
Annual Rent: £59,372
More Information
Contemporary refurbishment planned
A well-finished refurbishment will transform the George into a more modern, community local. Inside, the pub will be redecorated throughout the basement and first floor. We will add new lighting, furniture, bric-a-brac and flooring to liven up the pubs aesthetic as a premium traditional pub.
Externally, the refurbishment will include the addition of an all-new beautiful courtyard terrace at the rear of the pub with 14 covers.
City centre location
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.
Tap into this pubs potential
The George will operate as a city centre favourite once refurbished. The planned investment will allow us to fully re-decorate the pub and give the ample passing trade a reason to visit. With a revitalised offer and vibe, the pub will almost certainly set itself above the competition. The potential trade at the pub is huge, all we’re looking for is the right operator….
Target customers:
When refurbished, the George will appeal to a very broad spectrum of customers, including:
Young professionals for after work drinks and some food
Daytime customers wanting to meet for coffee, drinks and food
Late night, city centre circuit customers
Offer
When refurbished, the George will offer:
A quality range of drinks including premium lagers and craft beers, spirits, wines, cocktails and soft drinks.
Small plates and sharing board food menu as well as well executed Yorkshire tapas
Coffees to increase day trade from Leeds General Infirmary.
Experienced Operator Wanted!
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 the pub 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
WORKS:
GROUND FLOOR BAR AREA
Adapt existing entrance lobby to form new double entrance doors. Full height walls.
New TV point above double doors
Adapt existing bar servery. New Timber bar top.
New Undercounter carcass sections where required.
New booth seating to raised area. Cap off & relocate existing cast iron radiator
New loose furniture layout using both existing refurbished and new items
Remove section of fixed seating & form new drink shelf to window. Relocated radiator below drink shelf.
New timber flooring
New light fitting to existing locations, with a few new position and points capped off as per layout.
Paint decoration through out
Strip anaglypta ceiling where damaged & decorate
EXTERNAL AREA - REAR
Jetwash existing decking
Retain existing fixed seating. New removable seat pads & scatter cushions. Flower wall behind
New loose furniture
New patio heaters. Quantity TBC
Form new green wall to shield staircase
Clean & decorate existing staircase down to basement
New Timber pergola structure with poly-carbonate roof
DINING AREA
Recover existing section of fixed seating
New loose furniture layout using both existing refurbished and new items
Cost to replace stained glass windows & doors with reeded glass.
New carpet to existing carpeted area
New light fitting to existing locations & some new positions.
Paint decoration through out.
GROUND FLOOR BAR SERVERY
Block up secondary door to in glass wash area
New glass wash equipment
Allow for services, wastes & python works as required to update servery
Adapt existing countertop and back fitting. Repairs to undercounter of back bar
Existing decorative clock to be protected and retained within back bar fitting
3 No. Double bottle coolers required
New plumbed in coffee machine position
New timber & reeded glass screen to hide coffee machine
Allowance for new shelving to existing front counter .
New tills & cash drawers required to positions shown. Cable & data works required.
Remove existing overbars & install new metal overbars with timber shelf.
New pendant lighting points between overbars
Allow for 1 no. Ice well
Allow for 1 WHB & 1 Waste sink
New bar apron tile.
GROUND FLOOR LADIES
New tile flooring
New wall tiling up to 1400mm
New vanity unit & sanitary ware
New brass taps
Option to permanently block up window
Paint decoration including to existing cubicles. New mouldings to cubicles
GROUND FLOOR GENTS
New tile flooring
Cost option for new wall tiling. Full height to urinal wall & 1400mm elsewhere
Retain existing urinals
Retain sanitary ware
Paint decoration including to existing cubicles. new plant on mouldings to existing cubicle doors
BASEMENT - STAIRCASE
New lighting to existing points
New decorations throughout
New LED strips to existing steps
New Carpet floor to stairs
BASEMENT BAR SERVERY
Retain existing bar servery & allow for shelving works
Overboard existing bar front with reclaimed timber boards
Refresh existing bar top
Adapt existing back fitting to suit ops requirements
Allow for new bar equipment
Retain till positions
New bar apron tile
BASEMENT LADIES
New tile flooring
New wall tiling up to 1400mm
New pedestal whb & sanitary ware
New brass taps
New lighting to existing points
Paint decoration including to existing cubicles
BASEMENT BAR AREA
Remove section of fixed seating & adapt to form new booth seating
New loose furniture layout using both existing refurbished and new items
New tiled flooring
New light fitting to existing locations, with a few new position and points capped off as per layout.
Paint decoration through out
BASEMENT GENTS
New tile flooring
New tiling up to 1400mm high.
Full height tiling above existing urinal
Retain existing urinal
New sanitary ware
Paint decoration including to existing cubicles
SECOND FLOOR WORKS
Compliance works required
Second floor to be accessed for maintenance only
FIRST FLOOR WORKS
Compliance works required
Strip out existing bathroom & shower suites. Form new single bathroom adjacent to new kitchen
Form new kitchen area complete with counter, hob & oven. New vinyl flooring.
Large bedroom to become Lounge & Dining Space
Form stud wall to staircase up to second floor & install fire door. Second floor access for maintenance only.
Strip out carpets & make good. New vinyl flooring
Decorations throughout
Private Accommodation
There is private accommodation on site.
| Annual Rent | £ 59,372 |
| Estimated Annual Turnover | £ 682,618 |
| Deposit | £ 14,843 |
| Estimated Fixtures & Fittings Value | £ 15,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 43,343 |
| Estimated Minimum Ingoing Costs | £ 43,343 |
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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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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