New Inn Leeds

33 Town Street, Farsley, Leeds LS28 5HX

Under Offer
  • New Inn Leeds
  • New Inn Leeds
  • New Inn Leeds
  • New Inn Leeds
  • New Inn Leeds

New Inn Leeds

Run a Traditional Local Pub!

A great opportunity to run a successful business in the heart of the community. There is scope to increase the pubs appeal to families and a younger demographic whilst retaining the core customer base. The kitchen will enable the introduction of a contemporary food offer. Sharing platters, small plates and pizza will make the New Inn the place to meet and eat in the village.

The drinks offer will be framed around core favourites with the introduction of more premium products such as high end gins and classic cocktails for those that want that extra special experience. A coffee menu can also be introduced to increase the pubs appeal over lunchtime and early evening.

Do you have great ideas that will engage the community!

Do you have a passion for providing great drinks, perfectly poured in a friendly and relaxed environment? Can you design and deliver a contemporary menu that offers something new to village? If this sounds like you, then talk to us about the New Inn.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

With a traditional bar area, the New Inn offers a comfortable and relaxing environment with the ability to offer a large range of drinks. The kitchen is currently underutilised but can support a contemporary menu to increase footfall, customer satisfaction and revenue. There is also a small car park and a beer garden that could be used for alfresco dining.

Private Accommodation

The private accommodation consist of two bedrooms, lounge, kitchen & bathroom.

In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 00:00 11:00 - 00:00 12:00 - 22:30

Financials

Annual Rent £
38,750
Estimated Annual FMOP (Licensee Profit) £
41,623
Representative HEINEKEN UK Brand Discount Per Barrel £
97
Estimated Annual Turnover £
497,643
Estimated Annual Barrelage
259

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 £
26,106
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
9,688
Rent In Advance £
745
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
48,724
Estimated Minimum Ingoing Costs £
18,643

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 £
816
Estimated Annual Maintenance Compliance Charge £
1,052
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