Malt Shovel Inn Bradford

290 Whitehall Road, Drighlington, Bradford, BD11 1BB

  • Malt Shovel Inn Bradford
  • Malt Shovel Inn Bradford
  • Malt Shovel Inn Bradford
  • Malt Shovel Inn Bradford

Malt Shovel Inn Bradford

Extensive Refurbishment Planned

The Malt Shovel is situated on a busy main road between Leeds and Chain Bar with close links to Bradford. With more than 5,000 adults living within walking distance, this pub is well known in the local community and offers an incredible opportunity to capitalise on the enormous volume of potential customers in the area.

Our £293,000 investment will transform this site into a premium local pub with full refurbishment of the Pubs exterior and the internal trade space. We will look to improve the business for its next operator by building a brand new kitchen, doubling internal covers (89 covers) and creating a warm welcoming environment - allowing the new operator to develop a great food offer to compliment a fantastic premium drinks offer.

The site will be expected to offer a simple food menu of traditional pub food with Sunday Roasts being the main food occasion. We'll see improvements outside as well, with external works and new signage significantly increasing the pub's visual appeal. The site is equipped with a good-sized car park, and a great grassed outdoor trading area, to maximise appeal in any season.

If you want to take a virtual tour of a recent refurbishment we have carried to get a feel for our plans at the Malt Shovel, then click here.

Ambitious and Experienced Operator Wanted!

For such an exciting pub, we are keen to collaborate with an experienced operator who is as passionate about the pub and it's potential as we are. You will have prior experience in the trade, be customer focused and have the ability to market the pub through various social media functions.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the interior layout will be adapted to provide a bar and a combined lounge/dining area, we will install a new kitchen allowing The Malt Shovel to cater for all the family on any occasion. The site will build on its traditional features with modern contemporary flare, this will be an impressive and successful pub offering a high level of interior finish, creating a pub where friends and families will love spending their time.

Externally, there is a good sized car park, well established beer garden and we will seek to do a full refresh of the external decoration and signage to ensure the site is eye catching and appealing.

If you want to take a virtual tour of a recent refurbishment we have carried to get a feel for our plans at the Malt Shovel, then click here.

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

There private accommodation consists of a lounge, kitchen, bathroom and three bedrooms. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 12:00 - 00:00

Financials

Annual Rent £
29,750
Estimated Annual FMOP (Licensee Profit) £
32,001
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
413,796
Estimated Annual Barrelage
298

“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 £
35,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
7,438
Rent In Advance £
572
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 £
49,195
Estimated Minimum Ingoing Costs £
49,195

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 £
1,000
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