Westgate Halifax
28 Westgate, Halifax, HX1 1PW
Westgate Halifax
Situated on a busy shopping street, The Westgate holds a prominent corner position on the busy Union Road in Halifax. Central to the cultural hub of the town centre, the pub also benefits from being a short walk from the ever popular Piece Hall. Infact, there are over 20,000 potential customers within a ten minute walk from the pub, visiting the area to shop and socialise or work nearby.
Once refurbished, The Westgate will be a characterful bar enhanced by quirky details that will appeal to a new, younger demographic. It will also accommodate larger groups due to its eclectic mix of seating. The new kitchen on site will allow for a strong food offer to be introduced - this kitchen will come equipped with a hoist to facilitate a faster service to customers and save staffing costs.
The Westgate would suit a food and drink offer that has a clear identity and stands out from local competition in The Piece Hall. An on trend snacking menu would go down a treat in the area - think Yorkshire tapas or ribs & wings. Combine this with premium draft lagers, a craft beer selection and an excellent selection of spirits to appeal to the demographics of the area.
Innovative Operator Wanted
Post refurbishment, The Westgate will be a stylish bar full of personality. We are now looking to partner with an equally innovative and on trend operator who has prior experience running a similar venue and is passionate about pubs!
Pub Features
Trading Area & Facilities
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
Premises Licence 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 |
Financials
| Annual Rent | £ 35,500 |
| Estimated Annual FMOP (Licensee Profit) | £ 46,200 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 135 |
| Estimated Annual Turnover | £ 517,398 |
| Estimated Annual Barrelage | 276 |
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“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 *** FMOP = Fair Maintainable Operating Profit |
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Investment
| Ingoing Costs | |
| Estimated Licensee Fixtures & Fittings Value | £ 25,000 |
| Estimated Fixtures & Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 6,000 |
| Deposit Amount | £ 8,875 |
| Rent In Advance | £ 683 |
| 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 | £ 43,753 |
| Estimated Minimum Ingoing Costs | £ 43,753 |
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In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. |
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| Other SP&B Ongoing Charges | |
| Estimated Annual Buildings Insurance | £ 1,156 |
| Estimated Annual Maintenance Compliance Charge | £ 1,154 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) | £ 6,108 |
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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 |
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