Talbot & Falcon Wakefield

58 Northgate, Wakefield, Wakefield WF1 3AP

  • Talbot & Falcon Wakefield
  • Talbot & Falcon Wakefield
  • Talbot & Falcon Wakefield
  • Talbot & Falcon Wakefield

Talbot & Falcon Wakefield

Popular Traditional British Pub

Situated on a main road in Wakefield city centre, The Talbot & Falcon benefits from being only a five minute walk from Trinity Walk Shopping Centre and 10 minutes from local rail links. Due to its location, the pubs customer base includes groups of weekend revellers, mature couples and lunching friends.

Trade is already established - the pub is known for lively evening entertainment and its breakfast is particularly well received. Visitors to the pub enjoy classic value pub grub and drinks in a relaxed, down to earth atmosphere. There is an added bonus of three letting rooms on site, providing an extra income stream.

Spirited Local Operator Wanted

Are you a local operator with a passion for good service? In partnership with Star Pubs & Bars, you will develop an exciting calendar of events and welcome your loyal customers back time and time again with your friendly and upbeat attitude.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Music Venue
  • Live Sports
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Talbot & Falcon is a red bricked terraced building on a main road in Wakefield city centre - the pub stands out due to its traditional yet appealing frontage. To the rear, there is a private beer garden.

Inside, the pub is a one room operation, serviced by a large central bar. The interior design is relaxed and welcoming. There is a variety of seating options available to customers, including booths. There are also three letting rooms available on site.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and 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
08:00 - 11:00 08:00 - 11:00 08:00 - 11:00 08:00 - 01:00 08:00 - 01:00 08:00 - 01:00 08:00 - 11:00

Financials

Annual Rent £
18,750
Estimated Annual FMOP (Licensee Profit) £
30,313
Representative HEINEKEN UK Brand Discount Per Barrel £
168
Estimated Annual Turnover £
388,805
Estimated Annual Barrelage
456

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 £
2,818
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
3,000
Rent In Advance £
361
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
180
Premises Licence Fee £
50
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
12,364
Estimated Minimum Ingoing Costs £
10,748

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