Cask & Spindle Shepley
112 Abbey Road, Shepley, Huddersfield, HD8 8BEAgreement Type: Investment Tenancy
View details for Cask & Spindle ShepleyRefurbishment Planned
Shoulder Of Mutton Holmfirth
2, Dunford Road, Holmfirth, HD9 2DP
Pub Code: 2302671101
Key Features
- £370,000 Refurbishment Planned
- Investment Tenancy
- Craft Beer House
- Catering Kitchen
- Appealing Beer Garden
- Popular Market Town Location
Est Min Ingoing Costs: £39,268
Annual Rent: £33,073
More Information
Prime Location in Holmfirth
Discover a lucrative opportunity in the heart of Holmfirth with The Shoulder of Mutton. Positioned in this vibrant town, just on the outskirts of Huddersfield with convenient links to Manchester and the Peak District, the pub will attract the 700,000 annual visitors drawn to Holmfirth's lively festivals and iconic filming locations of the Last of the Summer Wine, a series recorded in these charming surroundings. The Shoulder of Mutton benefits from a prime location, with 167,000 residents within a 20-minute drive time.
Distinctive Offering in a Competitive Landscape
In a competitive landscape filled with various establishments, from stylish eateries to craft beer outlets and live music venues, The Shoulder of Mutton stands out as a unique offering. Seize the opportunity to invest in a pub that not only taps into the town's rich cultural tapestry but also caters to the diverse preferences of locals and visitors alike. Join us in shaping an extraordinary pub experience that captures the essence of Holmfirth's thriving community.
When refurbished, the Coach & Horses will appeal to:
Local Residents and Craft Beer Enthusiasts:
- Residents looking for a newly refurbished and quirky local venue.
- Beer enthusiasts attracted to the diverse range and other offerings.
Tourists and Premium Beverage Aficionados:
- Regular tourists visiting Holmfirth throughout the year.
- Those seeking a unique and premium pub experience with an excellent selection of wines and spirits.
Food Enthusiasts and Community Gatherers:
- Local consumers and visitors interested in an excellent small food menu.
- Individuals looking for a welcoming space that encourages social gatherings and longer dwell time.
Outdoor Experience Seekers and All-around Appeal:
- People attracted to the external works, including the covered pergola.
- Patrons seeking a versatile venue with broad appeal, especially in warmer months
Trading Area & Facilities
Works will be done throughout the pub, touching the Bar, Lounge, Serving Areas, Dining Area, Snug, Private Accommodation and the Gents & Ladies Toilets. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
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 three bedrooms, living room, bathroom and kitchen.
| Annual Rent | £ 33,073 |
| Estimated Annual Turnover | £ 541,836 |
| Deposit | £ 8,268 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 7,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 39,268 |
| Estimated Minimum Ingoing Costs | £ 39,268 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
2, Dunford Road, Holmfirth, HD9 2DP
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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