Needless Inn Morley
The Needless Inn, Leeds LS27 0NZ
Needless Inn Morley
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
Trading Area & Facilities
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
Premises Licence 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 |
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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 |
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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 |
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In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. |
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| Other SP&B Ongoing Charges | |
| Estimated Annual Buildings Insurance | £ 1,934 |
| Estimated Annual Maintenance Compliance Charge | £ 0 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) | £ 5,950 |
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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 |
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