Highfield Beverley

Highfield Road, Beverley HU17 7QN

  • Highfield Beverley
  • Highfield Beverley
  • Highfield Beverley
  • Highfield Beverley

Highfield Beverley

Destination Pub and Restaurant!

Situated in a residential estate on the outskirts of Beverley, this attractive venue has massive kerb appeal and is integral to the local community. The outside trading area, catering kitchen and car park makes the pub a great choice for socialising with friends and family and can be used for functions and events. Recently refurbished, the pub has contemporary design mixed with natural finishes.

Community Focused Operator Wanted!

Are you able to immerse yourself in the local community and deliver exceptional service? Can you build on the existing food and drinks offer to attract new visitors? The Highfield is a great opportunity to run a successful pub business.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the pub is a two room operation giving the flexibility to zone the pub for different occasions. The catering kitchen enables the pub to provide between 30-50 lunch and dinner covers and the outside area gives al fresco dining options. The pub is in great condition with a feature fire place and natural finishes.

The pub stands proud from the outside and has huge kerb appeal and features a garden terrace and car park and is accessible for wheelchair users.

Private Accommodation

There is private accommodation that includes a lounge, kitchen and one bedroom.

In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 12:00 - 00:00

Financials

Annual Rent £
25,750
Estimated Annual FMOP (Licensee Profit) £
26,840
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
397,744
Estimated Annual Barrelage
180

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
11,745
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
6,438
Rent In Advance £
495
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
24,363
Estimated Minimum Ingoing Costs £
10,831

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
983
Estimated Annual Maintenance Compliance Charge £
1,099
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased