Cask & Spindle Shepley

112 Abbey Road, Shepley, Huddersfield, HD8 8BE

  • Cask & Spindle Shepley
  • Cask & Spindle Shepley
  • Cask & Spindle Shepley
  • Cask & Spindle Shepley
  • Cask & Spindle Shepley
  • Cask & Spindle Shepley

Cask & Spindle Shepley

Rejuvenation of Village Pub

The Cask & Spindle is a long established pub that sits within the affluent village of Shepley, Yorkshire. With over 2,700 adults living within 20 minutes distance from the pub, there is an appetite in the area for a pub that serves quality food.

We are now planning an investment of over £220,000 to refresh the pub. This investment will reposition The Cask & Spindle from a community pub to a destination, food led pub.

The new operator of this pub should create a premium, quality food menu that prides itself on being locally sourced. This menu should be supported by a variety of premium, on-trend drinks.

Skilled Food Operator Wanted

Are you an experienced publican who has previously ran a successful food business? Do you have a passion for customer service? Ideally you will have connections with food suppliers local to the area and understand how to market your business online. If this sounds like you, we want to hear from you! Apply now to find out more about the investment and hear how Star Pubs & Bars will support you to grow your business.


Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

Inside, the pub is split into a main bar, dining room and private dining room. Our investment will cover all trading areas of the pub.

The main bar will be a space for locals to enjoy a casual drink. We will add new Karndean flooring to this space and it will be fully redecorated. The bar itself will be restained and we will add an eye catching tiled border on the floor. We will also add a new glass gantry over the bar.

The private dining room will receive new flooring and decoration throughout. We will retain the original fireplace.

The catering kitchen will receive brand new equipment.

Outside, we will give the pub new signage and lighting. The front terrace will be extended slightly to allow for more seating space.

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

Private accommodation consist of three bedrooms, living rooms, kitchen and bathroom. In line with our Ready To Trade Promise, we will ensure that necessary works are completed on your living accommodation so that you can focus on your business.

Premises Licence Details

Please refer to Premises Licence for more details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 22:30

Financials

Annual Rent £
41,250
Estimated Annual FMOP (Licensee Profit) £
41,190
Representative HEINEKEN UK Brand Discount Per Barrel £
130
Estimated Annual Turnover £
536,444
Estimated Annual Barrelage

“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

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
31,033
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
7,000
Deposit Amount £
10,313
Rent In Advance £
793
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 £
51,324
Estimated Minimum Ingoing Costs £
51,324

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 £
983
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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