Penny Fun Leeds

1 Moor Allerton Centre, Leeds LS17 5NY

  • Penny Fun Leeds
  • Penny Fun Leeds
  • Penny Fun Leeds
  • Penny Fun Leeds
  • Penny Fun Leeds
  • Penny Fun Leeds
  • Penny Fun Leeds

Penny Fun Leeds

Recently Refurbished Pub

The Penny Fun is a community focused pub situated in the large residential area of Moor Allerton. Purpose built in the 1960's, the pub is popular with the local community and has a solid drinks trade. With a recent refurbishment, the pub is in fantastic condition throughout with contemporary colours, exposed brickwork and a mixture of plush fabrics used on the newly created & revamped furniture.

The site
boasts a commercial kitchen to cater for the 60+ covers the pub can accommodate. The potential in the food aspect of The Penny Fun is really exciting, the surrounding area is crying out for a good food pub and a place the whole family can gather together for celebratory occasions.

Good Food, Good Publican.

The future vision for this pub is to develop the food offering. The perfect operator for The Penny Fun will know the area well and understand what people want from their local. They will be experienced in food trade and have high standards when it comes to customer service. Does this sound like you? If so, contact us now for more information on how Star Pubs & Bars can support you to grow your business and work in partnership with you to develop this pub to its full potential.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

In superb decorative order throughout, there is one large open plan trade area that has designated zones for drinking, pub games and casual dining. There is an ample commercial kitchen and the pub can easily manage 60 covers.

Externally, the pub has a patio area with wooden benches and a large car park.

Private Accommodation

The private accommodation at the Penny Fun comprises three bedrooms, lounge, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
45,000
Estimated Annual FMOP (Licensee Profit) £
48,923
Representative HEINEKEN UK Brand Discount Per Barrel £
130
Estimated Annual Turnover £
505,136
Estimated Annual Barrelage
407

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 £
20,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
11,250
Rent In Advance £
865
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 £
37,265
Estimated Minimum Ingoing Costs £
12,650

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 £
1,252
Estimated Annual Maintenance Compliance Charge £
546
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