Needless Inn Morley

The Needless Inn, Leeds LS27 0NZ

  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley
  • Needless Inn Morley

Needless Inn Morley

Stunning Destination Food Pub

The Needless is a stunning pub on the outskirts of Leeds. Although the scenery around the pub is peacefully rural, the pub is only a 20-minute drive from the city centre, making it the perfect drive to destination for a great meal and relaxing time spent with family and friends.

The pub is large and has enough space to offer both a bar and dining option to guests. A classic pub menu that prides itself in quality and locally sourced ingredients would lend itself well to the pubs location and aesthetic. Combine this with the gorgeous decked beer garden that gives views over beautiful countryside and you have the perfect recipe for a praised pub within the area!

Experienced, Innovative Operator Wanted

For The Needless Inn, we are keen to collaborate with an operator who is as excited and ambitious about the pub as we are. You will be experienced in food service and have the creativity to give the pub a strong presence on social media. Prior experience will be essential for this gorgeous pub.

Pub Features

  • Rolling Tenancy
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the pub is stunning. The interior design is striking - beamed ceilings, leather seating and a modern colour scheme all add to the unique vibe. It is open plan in layout, with a variety of seating options available to guests. The dining space sits to the rear of the property - dining can also extend to the conservatory, which overlooks rural landscape.

Outside, the pub has seating options to both the front and the rear. The beer garden is large and attractive - the decked area is elevated and overlooks the picturesque landscape. There is also a large private car park on site.

Private Accommodation

Private accommodation consists of two bedrooms, living room, kitchen and bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please see premises licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 01:00 10:00 - 01:00 12:00 - 23:00

Financials

Annual Rent £
47,000
Estimated Annual FMOP (Licensee Profit) £
47,408
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
500,373
Estimated Annual Barrelage
175

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 £
9,275
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
11,750
Rent In Advance £
904
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
29,114
Estimated Minimum Ingoing Costs £
15,019

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 £
1,934
Estimated Annual Maintenance Compliance Charge £
1,463
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