Lupset
328 Horbury Road, Wakefield, West Yorkshire, WF2 8JF
A GREAT COMMUNITY PUB IN THE SUBURBS OF WAKEFIELD
The Lupset is a great community pub that offers a large beer garden , car park that has been recently refurbished to become the hub of the local community. There is the opportunity to develop the outside area to attract both families and the adults to make it the best outside area within a 5 mile radius. An experienced food operator that ideally knows the local area and has good experience with social media and online marketing could be a real success here. The external space is also key and is capable of hosting events throughout the year. For example, beer festivals and outside music could be very popular here.
Bar
Garden
Kitchen
Patio
Location
Wakefield is a cathedral city in West Yorkshire, located on the River Calder. The city had a population of 109,766 in the 2021 census, up from 99,251 in the 2011 census.
Business Information
Annual rent
£18,500
Weekly rent
£356
Entry costs
£42,625
Turnover royalty
n/a
Forecasted Operator Turnover
£432,641
Forecasted Operator Profit (inc machine profit)
£25,983
Forecasted Operator Machine Profit
£28,000
Average Beer & Cider Discount*
£180
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term. Machine income retained by operator.
Entry cost is approximately £42,625 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 £35,000. 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
£6,000
Fixtures & Fittings
£8,750
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£25,000
Other Costs
£1,150
Total Entry Costs
£42,625
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 | 183 | 767 | 6,612 |
| 2022 | 32 | 404 | 1,066 |
| 2021 | 1 | 0 | 0 |
There is one large bar with defined area to the left and right as you walk in. To right is a sports zone with Pool and Darts. To the left is a relaxed eating and lounge area. There rear garden is large and offers plenty of potential.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
60
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
24
Current Premises Licence Opening Hours
Sun-Wed: 10:00-00:30
Thu-Sat: 10:00-01:30
The accommodation comprises 3 bedrooms, kitchen, lounge, dining room, bathroom and office.
Private Rooms
8
Lounge
1
Dining Rooms
1
Double Bedrooms
3
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
1
Bedsits
0
The ideal candidate would have food experience, have the highest of standards and would have the social acumen to engage with the local community. The Lupset would suit a multiple operator, family or couple. I would like an entrepreneur who has the drive and imagination to maximise the potential of the large outside area.
Jim Owthwaite, Business Development Manager
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