Keystone Johnstone
1 Houstoun Square, Johnstone, PA5 8DTAgreement Type:
Foundation Tenancy
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Cask & Spindle Shepley
Cask & Spindle Shepley
112, Abbey Road, Shepley, Huddersfield, HD8 8BE Pub Code: 0060077101
Pub Code: 0060077101
Investment TenancyRejuvenation of Village Pub
The Cask & Spindle is a long-established pub that sits within the affluent village of Shepley. With over 2,700 adults living within 20 minutes distance from the pub, there is an appetite for a pub that serves quality food.
We are now planning an investment of over £350,000 to refresh the pub. This investment will reposition The Cask & Spindle as a destination, food led pub.
The new operator of this pub should create a premium, quality food menu that is 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. You will 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.
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).
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.
Estimated Annual Turnover
£662,090
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:
112, Abbey Road, Shepley, Huddersfield, HD8 8BE
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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