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Smiling Mule, Bradford

Bradford, BD2 3HD

Your investment

£5,000

Agreement Type

Tenancy

The Smiling Mule is a traditional brick property with a wealth of charm and characteristic features. The property boasts a great location, set back from a busy through road with lots of residential housing locally and a massive site behind the pub is currently under development for a new housing estate which will be a great new consumer base to target.

The Smiling Mule is a traditional brick property with a wealth of charm and characteristic features. The property boasts a great location, set back from a busy through road with lots of residential housing locally and a massive site behind the pub is currently under development for a new housing estate which will be a great new consumer base to target.

Pub Layout

The Smiling Mule has a great traditional feel with lots of spaces to explore. As you enter the pub, you come into the main lounge area served by the main bar. When you carry on through there is a rear snug with an open fire, a lovely place to enjoy a drink in a cosy, peaceful space, this has its own small bar servery. It will be no surprise that cask ales play a crucial part in this pub. Beyond the snug, there is a conservatory style room which has most recently been used for a pool table but it could be used for functions. It has good access to the toilets and a great view of the garden (as well as direct access to the garden). The garden is large and consists mainly of a large lawn. Some large trees to one side will require attention occasionally, and there is also an outbuilding with a servery for hot summer days etc. Externally to the front of the pub, there is a small car park. The pub is in reasonable condition albeit slightly dated and could benefit from a tasteful refurbishment which enhances its features.

The site is currently trading at a steady weekday wet trade, some of which is cask ale led. Evenings and weekends allow live sports, occasional live entertainment, functions and other rhythm of the week activities. This pub would ideally suit someone with local knowledge, a passion for cask ales and a passion for community wet-led pubs and what it takes to make them exciting to the local consumer. The ideal applicant will have a passion for basics being done to a very good standard and for marketing the site using all marketing media to ensure the offer/message reaches a large audience.

Private Accommodation

The private accommodation consists of a kitchen/dining room, bathroom, lounge and three bedrooms. The standard is currently in need of an upgrade and the pub company commit to doing this as part of a bigger investment to the point of long term let.

Annual Rent: £8,000

Security Deposit: £2,000

Working Capital: £2,000

Stock: £1,000

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.

This pub would ideally suit someone with local knowledge, a passion for cask ales and a passion for community wet-led pubs and what it takes to make them exciting to the local consumer. The ideal applicant will have a passion for basics being done to a very good standard and for marketing the site using all marketing media to ensure the offer/message reaches a large audience.

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.


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