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Gibsons York

129, Micklegate, York, YO1 6LB

Pub Code: 0020429101

Key Features

  • £279,911 Refurbishment Planned!
  • City Centre Pub
  • Catering Kitchen
  • Hidden Beer Garden
  • Private Accommodation

Est Min Ingoing Costs: £119,828

Annual Rent: £71,569

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More Information

Rare City Garden Space – Refurbishment Planned

Gibsons is a high street circuit bar in the centre of historical York, a highly popular tourist destination in North Yorkshire.
The pub is perfectly located in the heart of the city beside the city walls and is one of the first bars at the top of Micklegate ensuring it benefits from excellent footfall.

The planned refurbishment by Star Pubs and Bars will see Gibsons transformed into a stylish premium pub with the ability to appeal to a varied customer base, including tourists, locals, and students and further boost the potential of the pub.

To see an example of a recently completed refurbishment click here.


Experienced Operator Wanted

We are looking for a well-funded experienced operator with drive and ambition who is ready to work with Star Pubs and Bars to make Gibsons the go-to choice in York city centre. You will have the ability to develop the food offer and instill high standards of quality and service.

  • Outdoor Trade

  • Private Accommodation

  • Refurbishment Planned

  • LongTerm FRI Lease

  • Monthly Billing

Trading Area & Facilities

Internally, Gibsons is a comfortable, rustic bar with a rock music-themed decor. The pub is made up of an open plan main trading area featuring the bar and small side rooms leading off from the main area.

The planned refurbishment will see a breadth of textures internally, exposed brickwork, attractive seating and lighting and a brighter bar with an improved back bar focused on a premium offer with more an equal drink and food split.
External works will highlight the size and maximise the use of hidden courtyard space, a rarity on the York high-street. A mixed clientele will be attracted by the stylish finish from tourists, locals, and student visitors.

To see an example of a recently completed refurbishment click here.

Private Accommodation

The pub’s private accommodation is substantial in size, further detail to be provided. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 -
01:00
10:00 -
01:00
10:00 -
01:00
10:00 -
01:00
10:00 -
01:00
10:00 -
01:00
11:00 -
01:00

Annual Rent £
71,569
Estimated Tenants Annual Operating Profit £
74,568
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
616,731
Estimated Annual Barrelage
211
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
91,362
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,575
Deposit Amount £
17,892
Rent in Advance £
5,964
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 £
119,828
Estimated Minimum Ingoing Costs £
119,828
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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,095
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

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