Gibsons York

129 Micklegate, York, YO1 6LB

  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York
  • Gibsons York

Gibsons York

City Centre Pub - Refurbishment Planned

Gibsons is a high street circuit bar in the centre of historical York, a highly popular tourist destination in North Yorkshire.
The pub is perfectly located in the heart of the city beside the city walls and is one of the first bars at the top of Micklegate ensuring it benefits from excellent footfall.

The planned refurbishment by Star Pubs and Bars will see Gibsons transformed into a stylish premium pub with the ability to appeal to a varied customer base, including tourists, locals, and students and further boost the potential of the pub.

To see an example of a recently completed refurbishment click here.


Experienced Operator Wanted

We are looking for a well-funded experienced operator with drive and ambition who is ready to work with Star Pubs and Bars to make Gibsons the go-to choice in York city centre. You will have the ability to develop the food offer and instill high standards of quality and service.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing

Trading Area & Facilities

Internally, Gibsons is a comfortable, rustic bar with a rock music-themed decor. The pub is made up of an open plan main trading area featuring the bar and small side rooms leading off from the main area.

The planned refurbishment will see a breadth of textures internally, exposed brickwork, attractive seating and lighting and a brighter bar with an improved back bar focused on a premium offer with more an equal drink and food split.
External works will highlight the size and maximise the use of hidden courtyard space, a rarity on the York high-street. A mixed clientele will be attracted by the stylish finish from tourists, locals, and student visitors.

To see an example of a recently completed refurbishment click here.

Private Accommodation

The pub's private accommodation is substantial in size, further detail to be provided. 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 full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 11:00 - 01:00

Financials

Annual Rent £
65,750
Estimated Tenants Annual Operating Profit £
68,674
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
589,185
Estimated Annual Barrelage
236

“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 £
48,110
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
16,438
Rent In Advance £
1,264
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
72,997
Estimated Minimum Ingoing Costs £
72,997

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 £
1,042
Estimated Annual Maintenance Compliance Charge £
1,862
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