Whitakers Arms Otley

49 Kirkgate, Otley, Otley LS21 3HN

  • Whitakers Arms Otley
  • Whitakers Arms Otley
  • Whitakers Arms Otley
  • Whitakers Arms Otley
  • Whitakers Arms Otley
  • Whitakers Arms Otley
  • Whitakers Arms Otley

Whitakers Arms Otley

Excellent Business Opportunity

The Whitakers Arms is situated just off the centre of Otley, not far from Leeds. The pub is positioned on one of the main thoroughfares through Otley and near to other local businesses in the tonw centre. Otley is a historic market town occupied by all ages, including professional couples and families. Otley holds regular markets and is very close to the Otley Chevin Forest Park and the Yorkshire Dales National Park providing significant opportunity for the right operator to build an exciting and appealing offer which will increase footfall from locals and the many tourists, walkers and cyclists who visit the area.

Currently the pub has a traditional classic food offer operating from a small kitchen, but there is opportunity for the right operator to refresh the food offer and maximise this revenue stream. The pub features a cask offer and varied events calendar including live music, but there is room to develop this along with promoting the lovely beer garden to create a real draw.


Experienced Operator Wanted

We require an operator with a community focus who can demonstrate a proven track record within the licensed trade and who can work with us to allow this pub to achieve its full potential. Ideally applicants will have a good knowledge of the local area.



Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Whitakers Arms has a contemporary but traditional feel with a lot of natural finish in wood and retains some inviting features including exposed ceiling beams, exposed brickwork and two fire places giving it a cosy and welcoming feel.

The current layout is open plan with a galley style bar being the focal point as you walk in and as you walk through the bar it opens up with mixed seating offering lots of comfortable areas to sit.

Externally the pub is an inviting traditional stone building, which has definite kerb appeal. There is an attractive beer garden area at the rear.

Private Accommodation

The private accommodation is of a good size and consists of 2 bedrooms, kitchen, bathroom, and lounge. 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
09:00 - 00:00 09:00 - 00:00 09:00 - 00:00 09:00 - 00:00 09:00 - 01:00 09:00 - 01:00 09:00 - 00:00

Financials

Annual Rent £
16,000
Estimated Annual FMOP (Licensee Profit) £
23,118
Representative HEINEKEN UK Brand Discount Per Barrel £
170
Estimated Annual Turnover £
268,792
Estimated Annual Barrelage
226

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 £
2,735
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
4,000
Rent In Advance £
308
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 £
14,228
Estimated Minimum Ingoing Costs £
11,518

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) £
Wet & Dry - from 6,108pa

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