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Glen Bingley

Gilstead Lane, Bingley, BD16 3LN

Pub Code: 2300465101

Key Features

  • Beautiful Village Pub
  • Conservatory Dining Area
  • Large Beer Garden
  • Children's Play Area
  • Two Car Parks
  • Private Accommodation

Est Min Ingoing Costs: £10,506

Annual Rent: £24,074

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More Information

The area

The Glen is located in the village of Gilstead, close to Bingley. The pub is surrounded by a large number of private residential houses.

Demographics

The pub benefits from being the only one in a 20-minute walking distance of 6,653 adults. The customer base is made up of working families, and mature couples.

 

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement. The Glen offers home cooked, good quality bar meals, served in the beautiful conservatory dining area along with a range of quality drinks. The new operator will be able to drive trade by utilising the large garden area to host events in the summer.

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 experience in food production and service. They will have a clear vision for their food & drinks menu, and the ability to plan and create memorable events 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…

  • Catering Kitchen

  • Childrens Play Area

  • Foundation Tenancy

  • Car Park

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

Trading areas and facilities

  • Main trading area with two smaller rooms
  • Conservatory dining room
  • 60 internal covers
  • 200 external covers
  • Catering kitchen
  • SmartDispense
  • Large beer garden with children’s play area
  • Two car parks with space for 40 to 50 cars

Private Accommodation

Private accommodation consists of 2 bedrooms, lounge, kitchen, and bathroom.

Annual Rent £
24,074
Estimated Annual Turnover £
373,739
Deposit £
6,019
Estimated Fixtures & Fittings Value £
10,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
24,519
Estimated Minimum Ingoing Costs £
10,506
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.

Location:

Gilstead Lane, Bingley, BD16 3LN

Google map location image of Glen Bingley