Cross Keys Swanwick
Derby Road, Alfreton, DE55 1BGAgreement Type:
Investment Tenancy
View details for Cross Keys Swanwick
Black Rock Hotel Wakefield
Black Rock Hotel Wakefield
Cross Square, Wakefield, WF1 1PQ Pub Code: 2302216101
Pub Code: 2302216101
Foundation TenancyEst Min Ingoing Costs: £13,957
Annual Rent: £35,490
The Black Rock, an institution to celebrate and enjoy, Cask Marque accredited.
What would you do with this pub to make it even more of a success?
The area
The Black Rock Hotel Wakefield is located in the town of Wakefield, close to Wakefield Westgate Station.. The pub is surrounded by commercial businesses. The pub benefits from being one of 49 pubs found in an area of around 4,102 adults. The Black Rock Hotel customer base is made up of diverse group from young to mature adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong drinks offer. What drinks would you look to implement in the pub?
We’re always open to new ideas, what would you do to drive trade?
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 the pub will have extensive experience in a high street hospitality business and passionate about quality cask and craft ales. They will have a clear vision for their drinks menu, marketing strategy and can create a memorable experience for their customers.
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
- Main trading area with bar
- 50 internal seated covers
- Small snug meeting room
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, reception room.
Estimated Total Ingoing Costs
£27,372
Estimated Minimum Ingoing Costs
£13,957
Annual Rent
£35,490
Estimated Annual Turnover
£460,469
Deposit
£8,872
Estimated Fixtures & Fittings Value
£7,500
Estimated Stock Valuation
£7,500
Estimated Working Capital
£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.
Location:
Cross Square, Wakefield, WF1 1PQ
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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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