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Park Hotel, Bradford

Bradford BD6 1TQ

Your investment

£12,000

Agreement Type

Tenancy
  • Prime location, serene escape
  • Fun & social atmosphere with established sports teams
  • Competitive opportunities

🌟 Exciting Announcement: The Park Hotel Bradford Transformation is Pending! 🌟

The Park Hotel is a traditional stone built property situated on the busy crossroads of Reevy Road and Saint Helena Road, Bradford. Just a short drive to Wibsey, there are many local businesses within close proximity.  The pub is in a densely populated area and is surrounded by an abundance of chimney pots on the surrounding streets, with plenty of passing trade.  Admiral Taverns are looking to invest in this pub with the right operator (subject to board approval).

Pub Layout

Be part of our transformational plans and step where timeless elegance meets contemporary luxury. Our refurbishment plans are nothing short of breathtaking. Picture yourself strolling through stunningly redesigned interiors adorned with exquisite furnishings. The lounge and snug provide the idyllic space to enjoy a quiet drink whilst the games room and bar servery provides more of a communal space. Every corner will exude sophistication and charm. Externally there is two spectacular beer gardens. Step into a world of outdoor bliss and hoppy delights as we invite you to explore not one, but two incredible beer garden destinations! Get ready to elevate your summer vibes with double the relaxation, double the flavours, and double the customers!

The Park Hotel will be the go to community pub of the area! Currently trading as a traditional, wet-led local, there is scope to develop the product range through premiumisation and introduce a small back bar food offer with pizza ovens.. We are looking to build on the good reputation the pub already has. The Park Hotel should continue to offer live sports and traditional pub games (with established pub teams)  Continually evolving and staying connected with your community is vital through organising events.

Private Accommodation

The private accommodation is located on the first floor of the pub and is in good order, with the added benefit of a separate side entrance from the car park. There is a large footprint with three bedrooms, bathroom, kitchen, sitting room & office.

 

 

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £3,500

Stock: £3,500

F&F: 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.

* 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.

I am looking to work with an individual/couple with local knowledge who are willing to embed themselves into the community and continue to deliver outstanding results. You must be competent and confident in marketing outside the pub along with utilising the many social media platforms. Shining retail standards are a must to ensure the local clientele return time after time.

 

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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