190 Woodhouse Lane, Leeds, West Yorkshire, LS2 9DX
Established Business with a planned refurbishment!
The Eldon is a thriving multi-faceted business attracting students, lecturers and locals. It has a great food offer and has a great reputation for watching Sky & BT sports. The pub is located on the outskirts of Leeds city centre next to several University buildings and student accommodation.
An investment is planned to take place with the involvement of the new operator.
Minimum investment required is £25,000.
This is an easy to run single bar operation with a planned refurbishment once we have recruited our new operator. There is a small patio/smoking area to the rear of the pub.
A spacious 3 bedroom flat which will also be updated during the refurbishment.
|Annual rent||£36,500 per annum|
|Weekly rent||£701.92 per week fixed|
£36,500 per annum, £701.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £39,675 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). Minimum investment required is £25,000. Fixtures and fittings may be available on assisted purchase for the right operator.
|Fixtures & fittings||£20,000||Working capital||£10,000|
|Other costs||£2,000||Total entry cost||£39,675|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Volumes not available as site was a Greene King managed house|
The pub is located on the outskirts of Leeds city centre next to several University buildings and student accommodation. Located on a main street into Leeds city centre there is plenty of footfall. The pub also sits within the famous Otley run route, popular with students in the city.