Royal Cross Flatts

Job Description:
Pub Overview

The area

Located at the heart of Silsden, this stone-built pub stands proudly atop a flourishing Yorkshire village, offering a unique investment prospect. With a demographic characterised by medium affluence and a strong presence of mature clientele, the pub boasts a substantial local reach. Within a 10-minute walk, 1955 residents can easily access the pub, with 5372 within a 20-minute stroll. Amidst competition, the Fisherman Inn emerges as the most relevant contender in the family dining segment.

The offer

The Royal is available on our investment tenancy agreement. Click here for more information on this agreement .

Once refurbished, the pub will emerge as the area's prime community hub, catering to a diverse range of local customers seeking quality experiences. Boasting upgraded consumer finishes and a revamped exterior, the pub will radiate appeal from the bustling road, marking a significant investment milestone. Targeting couples, cask ale enthusiasts, and daytime patrons, its allure lies in providing a superior environment and an exceptional entertainment offering, including live sports and engaging pub games. For the discerning licensee, this opportunity represents a solid investment.

We're always open to new ideas, what would you do to drive trade?

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the Royal will have extensive experience in similar hospitality businesses. They will have a clear vision for their drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pubs next chapter…

Features

Pub Games

Cask Ale

Private Accommodation

Investment Tenancy

Refurbishment Planned

Trading Area & Facilities

The Royal will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of 5 bedrooms, kitchen, bathroom, office, and lounge.

Pub Financials

Annual Rent £
22,951
Estimated Annual Turnover £
296,002
Deposit £
5,738
Estimated Fixtures & Fittings Value £
20,000
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
33,238
Estimated Minimum Ingoing Costs £
33,238

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.