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RegisterNeedless Inn Morley
Needless Inn Morley
Scotchman Lane, Morley, Leeds, LS27 0NZ Pub Code: 2300447101
Pub Code: 2300447101
Foundation TenancyEst Min Ingoing Costs: £17,206
Annual Rent: £44,477
Gorgeous pub between Morley and Batley
What would you do with this pub to make it even more of a success?
The area
The Needless Inn is located in the town of Morley, close to Batley. The pub is surrounded by residential housing.
The Needless Inn sits on a busy main road between the popular towns of Morley and Batley in West Yorkshire, minutes from junction 27 of the M62 .
Demographics
The pub benefits from being one of 3 pubs found in an area of around 3,246 adults within a 20-minute walk time. The existing and potential customer base is made up of avid and loyal pub goers made up of young, midlife, and mature adults.
The pub’s trading style is capable of attracting customers from Birstall, Batley, Tingley, Morley and beyond.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinksoffer. What food & drinks would you look to implement in the pub?
It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
The pub’s attractive environment inside and out is complemented by a delicious homemade food menu, range of premium drinks options and gorgeous views to the rear
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 extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 70 internal covers
- 40 external covers
- Comprehensive kitchen with separate prep space
- Smart Dispense
- Large patio garden
- Car park with 50 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, bathroom, kitchen, office, a living room.
Estimated Total Ingoing Costs
£80,619
Estimated Minimum Ingoing Costs
£17,206
Annual Rent
£44,477
Estimated Annual Turnover
£603,234
Deposit
£11,119
Estimated Fixtures & Fittings Value
£56,000
Estimated Stock Valuation
£10,000
Estimated Working Capital
£3,500
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.
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:
Scotchman Lane, Morley, Leeds, LS27 0NZ
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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
