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Spangled Bull, Huddersfield

Huddersfield, HD5 0JG

Your investment

£11,000

Agreement Type

Tenancy
  • Zero Business Rates*
  • Fantastic community local
  • Beautiful village location

The Spangled Bull is situated in the affluent village of Kirkheaton on the rural outskirts of Huddersfield. Although this village may be small, it is however mighty with a population of 10,000 living within a mile of site and surrounded by a mixture of residential, commercial and industrial properties providing an excellent catchment area for regular trade and passing footfall. This pub is in the heart of the community and we are looking for someone to keep it that way.

Pub Layout

On entering the pub you walk into an attractive, traditional main bar area which has been segmented in to different sections with the fixtures and fittings. There are snug areas built in to the bay windows throughout. To the right hand side is a log burner which is popular in the cooler months, with a step up to the raised snug area, ideal for larger groups or private parties. There is a small side room off the main area which is used for dining. This used to house the pool table and could be reinstated if required. The commercial catering kitchen can also be accessed from this area. This is compact but has the ability to deliver a variety of food from snacks to a full menu. The beer garden is located to the front and right of the pub and houses a number of wooden benches, providing extra seating in the summer. Although there is no car park at the pub, there is plenty of “On Street” parking.

Trading Style

Site is currently trading 70/30 – wet/dry with both areas having the opportunity to rebuild and re-establish. The current food offer will need to be reviewed to compete with local competition in the area or offering the same products. The site has always traded well on wet sales previously however could be refreshed with premium products alongside a suitable food offer being served at selected times.

Private Accommodation

The private accommodation is located on the first floor and has been kept very well. This comprises of two bedrooms, kitchen and a lounge area.

Annual Rent: £14,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,500

Business Rates: Nil*

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

* 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.

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

This is an exciting opportunity to run a well established pub business, and I am looking to work with experienced operators who will continue the excellent work of the current licensees and fully embrace village life.  An individual/couple with local knowledge who can put their own ideas into the business, attract customers from further afield and have a strong marketing plan and have experience in delivering and developing a traditional village pub food offering. The desire to grow the business is essential along with embedding yourself in the local village life to make this the “go to” pub for the local community.

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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