Investment Planned

Eldon

190 Woodhouse Lane, Leeds, West Yorkshire, LS2 9DX

Gallery

(Click to enlarge)

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Pub overview

A thriving established business, which we are INVESTING in!

The Eldon is located on the outskirts of Leeds City centre and is next to several University buildings and student accommodation. We have an investment planned to refurbish this Pub and would like the new operator to be involved.
The Pub greatly benefits from a strong local trade as well as students. There is already a great food offer in place and the Eldon is known as a great venue for watching Sky & BT sports on TV. The site is a single room operation and has approximately forty five food covers. The local population is predominately made up of 18-24 year olds (within 0.3 mile radius) so appealing to young people and perhaps offering student deals will be vital. The site also benefits from plenty of passers by, so there is the potential to be busy all day and into the evening

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.

Trade space
Bars 1
Food covers45
Trade kitchens 1
Patio areas 1

A spacious 3 bedroom flat which will also be updated during the refurbishment.

Private space
Private Rooms6
Lounge1
Single Bedrooms1
Double bedrooms2
Private Kitchen1
Bathrooms1

Rent information

Annual rent£36,500 per annum
Weekly rent£701.92 per week fixed
Notes

£36,500 per annum, £701.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

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.

Brokers£675Legal£850
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£20,000Working capital£10,000
Other costs£2,000Total entry cost£39,675

Agreement description

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/18
2016/17
2015/16
Volume notesVolumes not available as site was a Greene King managed house

Location

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.

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Facilities

Trade bar
Trade kitchen
Trade patio

Current premises licence opening hours

Every Day - 10:00-02:30

Contact Us

Wendy Lambert

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am looking for an excellent operator to work with and inspire the re generation of the Eldon. We have an investment approved and I am looking to work with somebody who can implement this and take this thriving business to the next level. If that sounds like you, I urge you to contact us ”