Knavesmire
Albermarie Road, York, North Yorkshire, YO23 1ER
A SPACIOUS COMMUNITY PUB, CLOSE TO YORK RACECOURSE.
The Knavesmire at York is a large predominately wet led community pub, situated close to the Racecourse and Knavesmire. This pub offers the chance to develop the existing business and take it to new heights, building upon the wet trade and introduce more food to the pub, whilst engaging with the community to encourage groups use and activity. The pub has 5 distinct rooms and even houses a full size snooker table. The space can be used for various events or functions throughout the year. We are currently looking into a capital expenditure programme to develop the pub and modernise. The business has solid foundations and we intend to work alongside the new partner to build upon this base and increase trade. Once this has been established, we are keen to involve any new partner in the refurbishment scheme.
Function rooms
Garden
Kitchen
Meeting rooms
Patio
Location
The Knavesmire is situated on the edge of a large residential housing development in the south west corner of the city or York. The pub is close to the famous Racecourse and the Knavesmire. York is a walled city in northeast England that was founded by the ancient Romans. Its huge 13th-century Gothic cathedral, York Minster, has medieval stained glass and 2 functioning bell towers. The City Walls form a walkway on both sides of the River Ouse.
Business Information
Annual rent
£31,213
Weekly rent
£600
Entry costs
£18,400
Turnover royalty
n/a
Forecasted Operator Turnover
£483,086
Forecasted Operator Profit (inc machine profit)
£34,128
Forecasted Operator Machine Profit
£2,915
Average Beer & Cider Discount*
£144
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
1 Year Foundation Agreement. Machine income is shared 50/50
Entry costs approximately £18,400, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £6,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£6,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£18,400
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 231 | 188 | 4,343 |
| 2022 | 283 | 31 | 3,943 |
| 2021 | 210 | 0 | 3,148 |
Via the main entry there is a large bar/snug to the left hand side. To the right hand side is a private function room that currently is home to a full size snooker table. To the rear is the sports bar with an area that can be portioned for functions. There is a also a small meeting room. In addition, there is a large catering kitchen and walled beer garden.
Trade Bars
2
Trade Dining Areas
0
Trade Kitchens
1
Trade Food Covers
0
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
1
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Mon-Sun: 00:00-00:00
The accommodation comprises 8 bedrooms, kitchen, lounge, dining room, 2 bathrooms, 3 toilets and office.
Private Rooms
17
Lounge
1
Dining Rooms
1
Double Bedrooms
8
Single Bedrooms
0
Bathrooms
2
Toilets
3
Private Kitchens
1
Offices
1
Bedsits
0
I am seeking an experienced operator to take advantage of this large pub with multiple revenue streams. Local knowledge will be essential and you should be open minded about developing the pub alongside Greene King in the future via a capital expenditure programme.
Kevin Shears, Business Development Manager
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