New Inn East Bierley

170 South View Road, Bradford, BD4 6PP

  • New Inn E.Bierley
  • New Inn E.Bierley
  • New Inn E.Bierley
  • New Inn E.Bierley

New Inn East Bierley

Rustic Village Food Pub

The New Inn is a cosy pub located within the small village of East Bierley, on the outskirts of Kirklees. This peaceful village is proud of its sporting heritage and currently houses a golf club plus local football and cricket teams. The pub itself sits prominently on one of the main through roads of the village and has beautiful views over the adjacent golf course. Demographics in the area are great, with over 8,500 adults living within a mile radius of the pub.

We now plan to invest in The New Inn to give an experienced operator the opportunity to develop a fantastic business. Our £420,000 investment will extend the current kitchen to allow for over 190 covers to be serviced between the interior and exterior. Two distinct trading areas will be created, allowing an operator to offer both a welcoming pub and also space dedicated solely to dining.

The pub would suit a premium food menu that offers not only the pub greats such as homemade pies and burgers but also more distinct dishes such as locally sourced cuts of meat, seafood and vegan dishes. Local cask ales, cocktails and a wide range of on trend spirits will compliment your menu.

Experienced Local Operator Wanted

Are you a local operator who has a passion for great food and great customer service? You will pride yourself in your ability to deliver excellent pub food and know how to market your business online. Please note, prior experience operating a similar business will be essential to be considered for this pub.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Pub Games

Trading Area & Facilities

Inside, our refurbishment will see not only a change in design but also in layout of the pub. Two distinct trading areas will be developed, one for drinking and one for dining. The windows in the dining room will be extended to add more light and allow guests to soak in the stunning views of the adjacent golf course. We will extend the current kitchen and replace all equipment to allow for a commercial kitchen that can accommodate 190 covers in total.

Inside, the interior design will be contemporary rustic with exposed timber flooring, feature tiled floors and roaring fireplaces. The back bar will be replace with polished hardwood and eclectic artwork will adorn the walls.

Outside, the pub's signage will be replaced. A feature terraced porch will be created to the entrance of the pub and we will extend the rear terrace and add a new covered pergola. Rustic floral planters and coloured external furniture will adorn the terrace.

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

Private accommodation consists of four bedrooms, living room, kitchen and bathroom.

Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
69,250
Estimated Annual FMOP (Licensee Profit) £
73,546
Representative HEINEKEN UK Brand Discount Per Barrel £
147
Estimated Annual Turnover £
699,095
Estimated Annual Barrelage
265

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
38,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
17,313
Rent In Advance £
1,332
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
55
Premises Licence Fee £
180
Rates Assessment Fee £
50
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
63,840
Estimated Minimum Ingoing Costs £
63,840

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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