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Horse & Jockey, Altofts

Altofts, WF6 2NU

Your investment

£7,000

Agreement Type

Tenancy
  • Established Community Local
  • Well-Supported Pub Sports Teams
  • Large Garden & Outdoor Seating Areas

The Horse and Jockey is located on a busy road through Altofts which is a village in West Yorkshire, 5 miles from Wakefield and a mile from Normanton, close to the M62 motorway. The village Altofts houses schools which are Lee Brigg Infants School, Martin Frobisher Infants School, and Altofts Junior school along with recreational sports clubs such as Cricket, Football and Bowls.

Pub Layout

To the front of the pub, there is a seating area for outside drinkers. The pub has a car park for approximately 20 cars, and to the rear of the pub there is an outdoor drinking and beer garden area. Internally the pub has a bar/lounge scenario with a central bar servery. There is a pool table and games area for general use and team games. The pub benefits from a small function room to the rear with its own bar servery and a small kitchen providing pub meals and snacks or used to cater for parties using the function room.

The Horse & Jockey is a true community local, complete with pub teams, entertainment and a small food offer.

Private Accommodation

The private accommodation consists of three bedrooms, a living room, kitchen and bathroom.

Annual Rent: £20,000

Security Deposit: £4,000

Working Capital: £1,000

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.

We require a licensee who will ensure that the pub is very much at the heart of the local community. They will need to have the drive and vision to take this pub forward by making the best use of the facilities available so that it meets its true potential. Investment in the pub is being evaluated to help drive this potential. An experienced local licensee would be preferred but not essential.

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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