- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- Arthington Lane, Otley, LS21 1NL
- Salary
- To be discussed
- Ref
- 1102825674
- Starts
- Closes
Pub Overview
Exciting Opportunity - Refurbishment Planned!
Nestled between the villages of Pool and Bramhope, the pub offers unspoiled country views for customers to enjoy. Despite this rural location, the towns of Otley, Harrogate, Wetherby and Ilkley are all less than 10 miles away - offering a great pool of customers looking for a delightful meal out.The pub has three en-suite letting rooms and a large beer garden with views over the Wharfe Valley, which combined with the planned refurbishment.
The main focus of the refurbished pub will be its fantastic food offering. The incoming operator will have the opportunity to transform The Wharfedale into a standout destination-dining venue, such as a quality steak house or a fine dining establishment.
To see an example of a recently completed refurbishment click here.
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the Wharfedale will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter…
Features
Trading Area & Facilities
An uplifting refurbishment will reposition The Wharfedale as a premium destination dining venue with a modern finish. The updated interior design will allow the pub to retain its local charm while also offering areas that will appeal to customers who travel a little further for a delicious dining experience.
The kitchen will be refurbished and reconfigured to deliver the improved menu and cater for 150 covers.
The pub's exterior, lighting, and signage will be transformed to complement the interior transformation. The pub also benefits from a large car park to the rear.
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
The private accommodation is of a good size and consists of 4 bedrooms, kitchen, bathroom, and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Pub Financials
Annual Rent £
90,874
Estimated Annual Turnover £
112,175
Deposit £
22,719
Estimated Fixtures & Fittings Value £
79,586
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
115,805
Estimated Minimum Ingoing Costs £
115,805
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.
Exciting Opportunity - Refurbishment Planned!
Nestled between the villages of Pool and Bramhope, the pub offers unspoiled country views for customers to enjoy. Despite this rural location, the towns of Otley, Harrogate, Wetherby and Ilkley are all less than 10 miles away - offering a great pool of customers looking for a delightful meal out.The pub has three en-suite letting rooms and a large beer garden with views over the Wharfe Valley, which combined with the planned refurbishment.
The main focus of the refurbished pub will be its fantastic food offering. The incoming operator will have the opportunity to transform The Wharfedale into a standout destination-dining venue, such as a quality steak house or a fine dining establishment.
To see an example of a recently completed refurbishment click here.
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the Wharfedale will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter…
Features
- Letting Rooms
- LongTerm FRI Lease
- Outdoor Trade
- Private Accommodation
- Refurbishment Planned
- Monthly Billing
Trading Area & Facilities
An uplifting refurbishment will reposition The Wharfedale as a premium destination dining venue with a modern finish. The updated interior design will allow the pub to retain its local charm while also offering areas that will appeal to customers who travel a little further for a delicious dining experience.
The kitchen will be refurbished and reconfigured to deliver the improved menu and cater for 150 covers.
The pub's exterior, lighting, and signage will be transformed to complement the interior transformation. The pub also benefits from a large car park to the rear.
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
The private accommodation is of a good size and consists of 4 bedrooms, kitchen, bathroom, and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Pub Financials
Annual Rent £
90,874
Estimated Annual Turnover £
112,175
Deposit £
22,719
Estimated Fixtures & Fittings Value £
79,586
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
115,805
Estimated Minimum Ingoing Costs £
115,805
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.
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