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RegisterRefurbishment Planned
Westgate Halifax
28, Westgate, Halifax, HX1 1PW
Pub Code: 0020433101
Key Features
- £365,000 Investment Planned
- Stylish Craft Beer House
- Very Close to Piece Hall
- Free of Tie on Wines, Spirits & Food
- Brand New Kitchen
- Rebranding - Name Change Proposed
Est Min Ingoing Costs: £40,969
Annual Rent: £32,752
More Information
£365,000 Investment at Town Centre Pub
The Westgate is a traditional pub with plenty of potential. Situated in the heart of the cultural quarter, the pub benefits from plenty of passing trade due to its location at the entrance of the Piece Hall. We are now planning a significant investment in this pub to create a modern and stylish craft beer house.
Our investment will see all areas of the pub transformed - all internal fixtures will be replaced and we will rebrand the pub with a new name - 'The Fused Tap'.
The Fused Tap will need an equally exciting food and drinks menu. We believe that a clear move towards craft beers and niche premium spirits would suit the local market. The pub would suit a fusion-style food menu - for example 'around the world' small plates and vegan options.
As an operator with Star Pubs & Bars, not only will you have access to industry leading training and insights but you will also be free of tie on all wines, spirits and food lines.
Innovative Operator Wanted
Are you an experienced operator with a passion for craft beer? The right operator for this opportunity will know Halifax and have prior experience running a similar on-trend venue. They will understand how to market their business online and have the vision to create a pub that stands out from the crowd. Apply now to find out how Star Pubs & Bars will support you to launch this business.
The Westgate is a traditional pub with plenty of potential. Situated in the heart of the cultural quarter, the pub benefits from plenty of passing trade due to its location at the entrance of the Piece Hall. We are now planning a significant investment in this pub to create a modern and stylish craft beer house.
Our investment will see all areas of the pub transformed - all internal fixtures will be replaced and we will rebrand the pub with a new name - 'The Fused Tap'.
The Fused Tap will need an equally exciting food and drinks menu. We believe that a clear move towards craft beers and niche premium spirits would suit the local market. The pub would suit a fusion-style food menu - for example 'around the world' small plates and vegan options.
As an operator with Star Pubs & Bars, not only will you have access to industry leading training and insights but you will also be free of tie on all wines, spirits and food lines.
Innovative Operator Wanted
Are you an experienced operator with a passion for craft beer? The right operator for this opportunity will know Halifax and have prior experience running a similar on-trend venue. They will understand how to market their business online and have the vision to create a pub that stands out from the crowd. Apply now to find out how Star Pubs & Bars will support you to launch this business.
Trading Area & Facilities
Our investment will cover all areas of the pub both inside and out.
All internal fittings will be replaced and the existing bar will be stripped back and varnished. A food hoist will be added to link the service area with the upstairs kitchen. New bi-folding doors will be added to the frontage to open out the space. New flooring will be added throughout.
The first floor will be updated to add a brand new catering kitchen, staff changing areas and an office.
The pub will be able to accommodate circa 60 covers with standing bar space.
Outside, the pub will be rebranded with new signage and lighting.
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).
All internal fittings will be replaced and the existing bar will be stripped back and varnished. A food hoist will be added to link the service area with the upstairs kitchen. New bi-folding doors will be added to the frontage to open out the space. New flooring will be added throughout.
The first floor will be updated to add a brand new catering kitchen, staff changing areas and an office.
The pub will be able to accommodate circa 60 covers with standing bar space.
Outside, the pub will be rebranded with new signage and lighting.
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
The private accommodation at the Westgate consists of two 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 |
|---|---|---|---|---|---|---|
|
10:00 - 01:30 |
10:00 - 01:30 |
10:00 - 01:30 |
10:00 - 01:30 |
10:00 - 01:30 |
10:00 - 01:30 |
10:00 - 01:30 |
| Annual Rent | £ 32,752 |
| Estimated Tenants Annual Operating Profit | £ 32,750 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 466,042 |
| Estimated Annual Barrelage | 249 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 22,541 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 8,000 |
| Deposit Amount | £ 8,188 |
| Rent in Advance | £ 630 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 40,969 |
| Estimated Minimum Ingoing Costs | £ 40,969 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,215 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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