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Saddle Inn, Fulford

Fulford, YO10 4PJ

Your investment

£12,500

Agreement Type

Tenancy
  • Prime Location Near York Racecourse
  • Five Letting Rooms
  • Great Outdoor Seating Area

The Saddle is a traditional pub situated in a lovely village in Fulford with bags of character in a prime location. The pub is on the main road of Fulford approximately ½ a mile from York city centre and 1 mile from York designer outlet and York racecourse. With the site being situated on the main road through Fulford it is on the bus route into the city centre, so public transport is great from the pub. The Saddle also benefits from a large beer garden to the rear as well as car parking for up to 8 vehicles. The Saddle is an excellent site which is rarely seen up for tenancy given the location.

Pub Layout

 

 

The Saddle is a traditional pub with a 70/30 wet led split. The pub also benefits from five letting rooms three of which have ensuites. Currently, the pub has a dart board with teams in place as well as a Petanque course at the bottom of the beer garden.

Private Accommodation

The private accommodation consists of two bedrooms, bathroom, office but has no private kitchen.

 

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3.500

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 are looking for an experienced operator. The food offer ideally needs to be homemade traditional pub food to stand it out from the competition. Strong marketing and social media experience would also be advantageous.

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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