Park Hotel Wibsey

67 Reevy Road, Bradford, Bradford BD6 1TQ

  • Park Hotel Wibsey
  • Park Hotel Wibsey
  • Park Hotel Wibsey
  • Park Hotel Wibsey
  • Park Hotel Wibsey
  • Park Hotel Wibsey
  • Park Hotel Wibsey

Park Hotel Wibsey

Friendly Local Pub

The Park Hotel is situated at the end of a terrace within a large residential area. The pub is popular among locals due not only to its live sports offering but also its calendar of regular events such as quiz nights and karaoke competitions. Pub games are also a focus at the pub - the introduction of some sports teams would be well received. There is a small outdoor seating area to the front of the pub and a car park at the rear.

Creative Local Operator Wanted

Are you a local operator with the creativity and personality to offer fun entertainment options to your regulars? You will know what the locals of Wibsey want from a good pub and love the publican lifestyle. In partnership with Star Pubs & Bars, you will grow this pub into a beloved hub of the local area.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Park Hotel has open plan layout - the main bar is sectioned off into various areas, which would allow for semi private functions to be catered to. One section is currently used for pool. The pub is serviced from one central bar which is quite striking with its stained glass features.

Externally, the pub is at the end of a stone built terrace. There is a small outdoor seating area to the front and a car park to the rear.

Private Accommodation

The private accommodation consists of bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

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 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 11:00 - 23:30

Financials

Annual Rent £
8,250
Estimated Annual FMOP (Licensee Profit) £
15,013
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
135,006
Estimated Annual Barrelage
151

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 £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,000
Deposit Amount £
3,000
Rent In Advance £
159
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 £
12,344
Estimated Minimum Ingoing Costs £
7,873

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) £
4,920

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