Airedale Heifer Battyeford
53 Stocks Bank Road, Mirfield, WF14 9QBAgreement Type:
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Wills O Nats Huddersfield
Wills O Nats Huddersfield
Blackmoorfoot Road, Holmfirth, HD9 5PS Pub Code: 2300433101
Pub Code: 2300433101
Foundation TenancyEst. Annual Turnover: £523,548
Annual Rent: £29,824
A refurbishment is planned to spend in the region of £108,000 to transform Wills ‘o’ Nats into a more competitive, food-led destination pub with refreshed internal and external areas. What would you do with this pub to make it a success?
About the area
Wills ‘o’ Nats is located in a rural, picturesque area of Huddersfield, overlooking Blackmoorfoot Reservoir and surrounded by open countryside. The pub benefits from a scenic setting with strong potential to attract both local residents and destination visitors looking for quality food in a traditional pub environment.
There are 1,826 adults within a 20-minute walk of the pub. The existing customer base is loyal but more mature, with limited younger custom, while the current basic offer means the pub is not attracting as many destination visits as it could. Following refurbishment, the pub will be repositioned to appeal to a broader, more diverse customer base and encourage more walk-ins and destination visits.
The pub is one of a small number of pubs in the area, with two nearby competitors, the Travellers Rest and the Bulls Head. The investment will help bring Wills ‘o’ Nats in line with surrounding competition and give it the refreshed look and feel needed to compete more effectively.
The offer
Wills ‘o’ Nats is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the Refurbishment Details section for details of the investment being made.
Who we’re looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for Wills ‘o’ Nats will have extensive experience in food-led hospitality businesses. They will have a clear vision for a proper pub menu, Sunday lunches, and how to use the pub’s picturesque setting to draw in destination visitors, while also building a strong local reputation.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The refurbishment of Wills ‘o’ Nats will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- 82 internal covers
- Catering kitchen
- Pub garden
- 238 external covers
- 54-space car park
- Private accommodation with three bedrooms, kitchen, living room and bathroom
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, 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 consists of three bedrooms, kitchen & bathroom and a lounge.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£14,985 - £36,456
Annual
Estimated Annual Turnover
£523,548
Annual Rent
£29,824
Entry Costs
Deposit
**Deposit build up from 1 month rent
**Deposit build up from 1 month rent
£7,456**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
**Rented fixtures & fittings deal available
£16,500**
Stock Valuation
£9,000
Working Capital Required
£3,500
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.
What we're planning & why
The planned refurbishment will transform Wills ‘o’ Nats with both internal and external investment, helping to bring this tired pub up to modern customer expectations. The project is expected to be in the region of £108,000 and will focus on improving the pub’s kerb appeal, interior décor and dining offer.
What’s happening?
The refurbishment will include an internal and external scheme designed to make the pub more competitive within the local market. New external signage will improve kerb appeal and help create a stronger first impression for passing trade and destination visitors.
Inside, the pub will benefit from an interior décor refresh and a new dining space, giving the business a stronger platform to build a quality food offer. With Sunday lunches and a proper pub menu called out as key opportunities, the right person will be able to use the refurbishment to create a more appealing food-led destination pub.
The pub already has strong natural advantages, including its countryside setting, views over Blackmoorfoot Reservoir, a large pub garden and a sizeable car park. The refurbishment will help the business make more of those assets and encourage more people to visit for food, drinks and relaxed occasions.
Why invest?
This investment is designed to give Wills ‘o’ Nats the refresh it needs to better compete with nearby pubs and attract a broader customer base. By improving the look, feel and dining offer, the refurbishment is expected to increase weekly turnover from around £7,000 to £10,000.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
Blackmoorfoot Road, Holmfirth, HD9 5PS
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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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