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Carpenters Arms, Market Weighton

York, YO43 3BQ

Your investment

£6,000

Agreement Type

Tenancy

The Carpenters Arms is located on the edge of the bustling town of Market Weighton just off the A1079. It is a small town and civil parish in East Riding of Yorkshire and is one of the main market towns in the East Yorkshire Wolds, lying midway between Hull and York, about 20 miles from either one.

The Carpenters Arms is located on the edge of the bustling town of Market Weighton just off the A1079. It is a small town and civil parish in East Riding of Yorkshire and is one of the main market towns in the East Yorkshire Wolds, lying midway between Hull and York, about 20 miles from either one.

Pub Layout

This site is a small, cosy pub that consists of one long main bar area with a log fire. The Carpenters Arms underwent a sympathetic refurbishment 3 or 4 years ago that gave the pub a new lease of life making it the quality ‘real ale’ site in the area. Externally there is a designated smoking area and a small area for outside drinking which has the potential to be the best garden in the town.

The Carpenters Arms has a friendly ‘locals’ atmosphere and serves a changing choice of guest ales, as many as six at once, including local and specialised ales available through Siba. The site holds the Cask Marque Award which recognises pubs that serve top quality real ale and this brings customers in from the surrounding areas. The pub also hosts quiz nights every Wednesday, live artists at the weekends and is the venue for home matches for the two darts team.

Private Accommodation

The private accommodation consists of two good-sized bedrooms, a kitchen, lounge and bathroom, outside there is a rooftop terrace.

Annual Rent: £14,000

Security Deposit: £2,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

This site would suit an assistant manager or established manager who is ready to take the next step in their career and run their own pub. You will need to be an open-minded operator who is serious about developing a quirky, craft and draft ales offer. You will have excellent customer skills and outstanding knowledge of this sector so you are confident about the products you are selling at this new venture.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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