Gascoigne Arms

2 Main Street, Barwick in Elmet, Leeds, West Yorkshire, LS15 4JQ

Pub overview

This well respected pub business has a strong local trade that has been built up over the last few years but has the potential for further growth and development.

The Gascoigne is set in idyllic countryside and is the firm favourite pub in this village which is serviced by many amenities. The busy catchment area brings plenty of custom to enable you to fully develop the business and provide the local community with real ales and good home cooked food. The pub was decorated to a high standard following an investment 2 years ago and the trade area consists of one central bar with open planned drinking and dining area that has segmented areas for diners and social drinking. The private accommodation also makes this a suitable business opportunity for families.

The main central bar serves the open plan trading style with dining and drinking areas segmented to maximise on the ability to cater for the many locals who visit this establishment. There is a small snug area for private occasions with large banquet tables and chairs for large parties to be accommodated too. Open fire and real ales finish of the feel of this truly superb example of a local community food and beer public house. There is a large car park and large decked external drinking area.

Trade space
Bars 1
Car park spaces 10
Dining rooms 1
Food covers 30
Trade kitchens 1
Patio areas 1

The second floor has the private accommodation with large spacious accommodation consisting of 3 double bedrooms, large living room and family sized bathroom. There is also a modern fully fitted kitchen with plumbing for washer, dryer and dishwasher.

Private space
Private Rooms 8
Lounge 1
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £50,000.00 per annum
Weekly rent £961.54 per week fixed
Notes

£50,000 per annum, £961.54 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 £26,957 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note the fixtures and fittings can be purchased on an assisted purchase agreement, which requires 25% (£7,657.00 upfront) of the full valuation figure (£30,630.00).

Brokers £675.00 Legal £825.00
Deposit £12,500.00 Stocktaking fees £150.00
Fixtures & fittings £7,657.00 Working capital £4,000.00
Other costs £1,150.00 Total entry cost £26,957.00

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

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 350 4,575 7,732
2014/15 386 5,209 6,168
2013/14 258 1,220 2,818
Volume notes The site has trade in growth for a few years but due to recent trade patterns site has seen a slight decline on weekly sales.

Location

A superb West Yorkshire village, Barwick lies east of Leeds city and close to Tadcaster too. It lies off the main busy A64 a main road between Leeds and Wetherby and close to the A1M at Bramhan. Barwick in Elmet is a idyllic country village with church, local shops and village green with maypole. The last Tour de Yorkshire went through the village and created a massive boost for the local trade.

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Thurs to Sat 10:00 - 01:00 Sun to Weds 10:00 - 00:00

Contact Us

Andy Longley

Business Development Manager

Call us today 0845 607 5330

Apply online
“ This pub is already a popular choice for eating and drinking with friends and with the right operator there is plenty of scope to develop. ”