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Fleece Inn, Elland

Halifax, HX5 0BB

Your investment

£10,000

Agreement Type

Tenancy
  • Stunning Grade II* Building In A Great Location
  • Function Room With Bar And Mezzanine Level
  • Fantastic Beer Garden

The Fleece Inn is a stunning 17th Century, Grade II* listed, traditional stone-built building situated in the market town of Elland, West Yorkshire. The pub itself is a short walk away from both the town centre and the River Calder, and is surrounded by a mix of residential properties and local businesses. The local population totals over 300,000 residents within a 5-mile radius of the pub, giving a strong catchment area for potential trade.

Pub Layout

Both of the main front doors lead into the main bar area, featuring period fixtures and fittings, stone floors, exposed stone walls and wooden beams reflecting the heritage of the building. The entrance hall to the left of the pub leads to the toilets, with an access door to the main bar. The main bar seating area caters for approximately 25-30 covers and is served by one central bar stocking a range of popular products. Access to the well-appointed catering kitchen is located to the rear of the bar servery. To the right and rear of the main bar is a separate games room with pool table, dartboard and TV, and a small snug seating area is situated at the front. Further to the right of the pub is the large, split-level function room area. On the ground floor there is a separate bar, kitchen area, servery, dance floor with DJ booth and loose seating for 25-30 covers, with stairs leading up to a mezzanine level featuring period seating  for an additional 25 covers and exposed beams. Externally to the front, the Fleece boasts a beautiful beer garden with bench seating and childrens play area, along with parking for approximately 15 vehicles. Additional parking for approximately 10 vehicles can be found at the rear of the pub, along with separate entrances to the bar and kitchen.

The Fleece currently trades with approximately 60:40 wet/dry split, although the development of the food trade would be a priority for any potential operator given the local demographic and style of the pub. Pub teams in pool and darts are planned for the upcoming seasons, with the popular function room providing an extra income stream. There is a good, established regular trade which provides a solid foundation for growth, and the garden area provides a welcome seasonal boost during the summer months.

 

Private Accommodation

The private accommodation is on the first floor, is in good order and features a lounge, kitchen, bathroom and three bedrooms. An additional room is currently used as an office but could easily be used as a fourth bedroom if required.

 

Annual Rent: TBC – Initial start up rent £21,000

Security Deposit: £5,000  

Working Capital: £4,000

Stock: £6,000

Fixtures & Fittings: TBC – Funding options may be available for the right licensee

Training: £325 plus VAT

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

We are looking to work with an experienced food operator to build on the current established trade and take this stunning pub to the next level.  Fostering current relationships with the local community will be essential to establishing a strong day-to-day trade, and strong plans should be in place to build every aspect of the business, from local drinks trade to destination food and function customers from further afield.

 

Admiral Taverns have a  planned refurbishment which will include a sympathetic upgrading of the interior fixtures & fittings throughout the pub, along with extensive work on the outdoor seating and garden areas to make the most of this fantastic feature and provide comfortable spaces for year-round use – extending the patio areas to the front of the pub and providing additional covered seating, festoon lighting and heating.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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