Back to Search results

Cross Keys, Liversedge

Liversedge, WF15 6NE

Your investment

£14,000

Agreement Type

Tenancy

The Cross Keys is a detached community pub which sits on a large plot in the heart of Liversedge. Comfortably nestled in between the larger towns of Cleckheaton, Batley and Mirfield. Located on the edge of Spen Valley, there are plenty of walks and beautiful views to be taken in around the area. Traditionally a Wool Mill town, the buildings as you would expect are traditional stone built terraced houses, which adds extra charm to the town. The area itself has a high population and the homes are predominantly all privately owned.

The Cross Keys is a detached community pub which sits on a large plot in the heart of Liversedge, comfortably nestled in-between the larger towns of Cleckheaton, Batley and Mirfield. Located on the edge of Spen Valley, there are plenty of walks and beautiful views to be taken in around the area. Traditionally a Wool Mill town, the buildings as you would expect are traditional stone built terraced houses, which adds extra charm to the town. The area itself has a high population and the homes are predominantly all privately owned.

Pub Layout

On entering the pub through the main porch, you are welcomed into an open plan trading area with a horseshoe bar, centrally located which services the whole pub. There is lounge seating throughout the pub, creating a comfortable and relaxing atmosphere for regulars and new customers alike, along with your loose seating to cater for those dining. The beer garden in itself is a feature of its own and can be accessed from both the rear of the pub, past the gents toilets, along with from the car park as well. There are two raised decking areas, one to the rear of the pub, the other to the rear of the carpark, these areas can easily facilitate an additional fifty plus covers. The decking overlooks the rather impressive, main beer garden which is lawned and houses a number of picnic benches. This area has been used previously for local music festivals etc. The car park is located to the side of the pub and can hold up to thirty vehicles.

The Cross Keys is a traditional wet led community local. There is a small food offer currently, however the split is around 70/30 wet to dry sales. Although there are no pub teams, so to speak, the Cross Keys supports and sponsors a local football team. There are a number of cask products on the bar which are particularly popular with the locals. The beer garden has been used for ad hoc music festivals previously, however there is huge room to expand this offer with regular events throughout the summer months. There is a commercial kitchen on site, so the food offer could also be built on to introduce a new stream of custom. We are looking to do an external refurbishment at the pub to update the signage and overall roadside appearance of the pub.

Private Accommodation

The private accommodation is located on the first floor and is all in good order. It briefly comprises: Two bedrooms, bathroom, lounge and a private kitchen.

Annual Rent: £21,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £4,000

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: £250 plus VAT

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

I am looking for a community focused individual or couple to take on this fantastic opportunity. Knowledge and a love of good beer is preferred as the cask is so popular in the Cross Keys. There is room to develop and grow a more consistent food offer and make the most out of the commercial kitchen. The successful applicant must have exceptional standards, along with good marketing and social media skills in order to promote their new offer. The beer garden in this pub is an untouched gem, so regular community events would be highly encouraged.

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.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £30.10 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.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.