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RegisterRefurbishment Planned
Malt Shovel Inn Bradford
290, Whitehall Road, Drighlington, Bradford, BD11 1BB
Pub Code: 0020410101
Key Features
- £198,000 Investment Planned
- Premium Community Local
- Free of Tie on Wines, Spirits & Food
- Large Beer Garden
- Addition of Catering Kitchen
- Car Park
Est Min Ingoing Costs: £46,024
Annual Rent: £29,397
More Information
Refurbishment Planned at Well-Known Local
The Malt Shovel is a community pub located on a prominent Leeds-Bradford through road. Over 5,000 adults live within walking distance to the pub and it is well known locally. We are now planning a significant investment of over £198,000 to help The Malt Shovel meet it's true potential.
With the addition of a new catering kitchen, the pub will be repositioned in the market as a premium community pub. It will offer quality food for a fair price. A focus on a premium Sunday lunch offer will be key for trade.
All trading areas of the pub will be refurbished, including the large beer garden.
Experienced Local Operator Wanted
The perfect operator for the new-and-improved Malt Shovel will know the area well. They will have previous experience running pubs and understand the importance of great food and great customer service.
The Malt Shovel is a community pub located on a prominent Leeds-Bradford through road. Over 5,000 adults live within walking distance to the pub and it is well known locally. We are now planning a significant investment of over £198,000 to help The Malt Shovel meet it's true potential.
With the addition of a new catering kitchen, the pub will be repositioned in the market as a premium community pub. It will offer quality food for a fair price. A focus on a premium Sunday lunch offer will be key for trade.
All trading areas of the pub will be refurbished, including the large beer garden.
Experienced Local Operator Wanted
The perfect operator for the new-and-improved Malt Shovel will know the area well. They will have previous experience running pubs and understand the importance of great food and great customer service.
Trading Area & Facilities
Inside, the pub is split into two trading areas - a main bar and a dining room. All trading areas will be refurbished. Post refurbishment, the pub will be able to accommodate circa 86 covers inside.
In the bar, we will add new fixed seating. We will also add new timber flooring and restore the original fireplace. The bar itself will receive an eye catching overhead glass gantry and new wash-up area. New lighting and decorative pieces will be added.
In the dining room, we will replace the existing flooring with new carpet. We will add new furniture, lighting and artwork.
Outside, we will create new signage for the pub. We propose a name change to 'The Malt' in order to signify a new era. The beer garden will receive new bench-style seating and lighting.
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
There private accommodation consists of a lounge, kitchen, bathroom and three bedrooms.
Premises Licence Details
See premises licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
12:00 - 00:00 |
| Annual Rent | £ 29,397 |
| Estimated Tenants Annual Operating Profit | £ 31,896 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 411,861 |
| Estimated Annual Barrelage | 266 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 28,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 8,500 |
| Deposit Amount | £ 7,349 |
| Rent in Advance | £ 565 |
| 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 | £ 46,024 |
| Estimated Minimum Ingoing Costs | £ 46,024 |
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.
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 | £ 1,050 |
| 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
* 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
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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