Liversedge
64 Leeds Road, Liversedge, West Yorkshire, WF15 6HX
AN IMPRESSIVE PUB WITH MULTIPLE REVENUE STREAMS
The Liversedge is a large former managed house family food pub with letting rooms. Located in Liveresedge close to Kirklees and Heckmondwike, the pub is set back from a main arterial route but has good roadside signage. The pub is a family friendly food pub trading in the value/mainstream market. The forecast revenue split is 40% Drink: 50% Food: 10% Accommodation. The current food offer and event entertainment needs to be maintained/developed. The new Partner should be able to see the benefit of developing the wet side of the business more as it is currently below optimum except on event nights. This is an impressive detached property with separate building that houses letting rooms. The pub has significant parking and substantial outside dining though not in a formal garden environment. This is a large pub with approximately 120 internal covers that is easily divisible for groups and parties.
Bar
Dining areas
Garden
Kitchen
Patio
Location
Liversedge is a town and former parish of Birstall, in the Metropolitan Borough of Kirklees, West Yorkshire. Historically part of the West Riding of Yorkshire, Liversedge lies between Cleckheaton and Heckmondwike.
Business Information
Annual rent
£45,750
Weekly rent
£880
Entry costs
£43,063
Turnover royalty
n/a
Forecasted Operator Turnover
£684,382
Forecasted Operator Profit (inc machine profit)
£48,100
Forecasted Operator Machine Profit
£2,250
Average Beer & Cider Discount*
£144
Type of Tie
Partial tie: Tied All Beer, All Cider, Minerals & Spirits
Agreement
Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£45,750 per annum) takes into consideration a machines supply concession. The annual rent will be £48,000 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £43,063 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £55,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.
Deposit
£11,438
Fixtures & Fittings
£13,750
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£15,000
Other Costs
£1,150
Total Entry Costs
£43,063
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 | 132 | 29 | 1,860 |
| 2022 | 150 | 45 | 1,844 |
| 2021 | 120 | 59 | 1,424 |
This is a large open plan pub with single large bar servery. There are various levels and easily divided zones which can accommodate groups and parties. The space could easily be segregated for adults and families if desired. There are 6 letting rooms, 5 doubles and 1 family room, all of which are en-suite.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
120
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
6
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
60
Current Premises Licence Opening Hours
Sun-Wed: 09:00-00:30
Thu-Sat: 07:00-01:00
The accommodation comprises 4 bedrooms, 2 kitchens, 2 lounges, 3 bathrooms and office. This accommodation could easily be split into 2 flats.
Private Rooms
12
Lounge
2
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
1
Bathrooms
3
Toilets
0
Private Kitchens
2
Offices
1
Bedsits
0
I am seeking a good quality local or experienced multiple operator who has great food experience as well as a talent for creating, promoting and delivering entertainment led events. The successful applicant will be able to retain the existing business and develop further the wet trade to leverage effectively all available operational hours.
Jim Owthwaite, Business Development Manager
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