Navigation Inn Sowerby Bridge

47 Chapel Lane, Sowerby Bridge, HX6 3LF

  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge
  • Navigation Inn Sowerby Bridge

Navigation Inn Sowerby Bridge

Great Cask Ale and Food Opportunity

The Navigation Inn is located in the busy market town of Sowerby Bridge just South East of Halifax. The pub is close to a range of local amenities, shops and of course overlooking the River Calder. The pub is surrounded by largely mixed residential housing, is located close to the local train station and it benefits from around 9,000 adults within walking distance. This great customer base is built up of families and mature couples looking for a quality local pub with a warm community offering and is popular in the area.

This is a cosy pub which is traditional in decor and in relatively good condition. The site has one main trading area alongside a snug area that can be separated from the main body of the pub for an extra revenue stream. The Navigation Inn largely concentrates on a great cask ale and food offer that is attractive to a wide range of people - it is located close to the canal moorings which can result in an uplift in trade in the summer months from tourism. In addition to this, it has a fantastic beer garden to the front of the pub, cobbled seating area at the back and a wealth of car parking - ensuring there is a spot in the sun for everyone in the summer months.

A bonus at the Navigation Inn is there are two separate apartments attached to the pub so there is a chance for its next operator to exploit the busier summer months on the canal with one being utilised for holiday letting - adding a valuable additional revenue stream.

Available on our Business Start-Up Agreement, with the following support:
  • Manage your risk: 3 year fixed term agreement that you can terminate at any time on 28 days' notice;
  • Rent support to the value of £5000 in Year 1
BDM Vision:

"The Navigation Inn is a traditional quaint pub where we are looking to build on its well established local cask ale trade through the expansion of a destination style food offer. It has great local transport links and access to the canal tourism in the area. The pub is full of character and is in a more peaceful location away from the hustle and bustle in the streets above. We need its next landlord to drive food and cask ale throughout the year, utilise its great function snug area, and exploit its fantastic beer garden in the summer months."

Enthusiastic Focussed Operator Wanted

We are keen to partner with an operator who is focussed on delivering a great food offer, who can exploit the catering and seating facilities available, who is next to none in terms of their customer service and who could give the Navigation some TLC.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the site has a one room trading area, with a snug found away from the main bar. The pub is in relatively respectable decorative order but requires some TLC from its next operator. There is a fully fitted small kitchen that has been underutilized in the past, and the site is capable of providing a simple everyday food offer.

Externally, the pub sits on the fantastic River Calder canal and has a welcoming traditional exterior. There is a fantastic beer garden to the front of the pub, cobbled seating area at the back and a wealth of car parking available.

Don't forget about the additional apartment that can utilised for holiday letting which is in good condition.

Private Accommodation

Private accommodation consists of three bedrooms, living room, kitchen, bathroom and a large loft space. Where required there will be appropriate works carried out in line with the Star Pubs & Bars 'Ready to Trade' promise.

Premises Licence Details

Premises Licence Opening Hours

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

Financials

Annual Rent £
15,000
Estimated Annual FMOP (Licensee Profit) £
22,060
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
216,094
Estimated Annual Barrelage
157

“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 £
1,810
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent In Advance £
288
Training Fee £
0
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
12,283
Estimated Minimum Ingoing Costs £
11,435

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 £
2,530
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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