If you are looking to lease a pub in Gilberdyke, you could run The White Horse !
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Lease A Pub In Gilberdyke – Run The White Horse
The White Horse is a large detached property in the East Yorkshire village of Gilberdyke, situated on the B1230 which runs parallel and south of the M62 between Newport and Howden. This is a destination food outlet and the site occupies an excellent main road location just on the outskirts of the village. Gilberdyke is an attractive village with a population of about 3,500 residents and there are plenty of local amenities located in nearby towns of Howden and Goole.
Pub Layout
The pub is in excellent condition following the refurbishment at the start of 2022 when it underwent full redecoration creating a fabulous light and airy pub, decorated with a modern and contemporary look. The dining area could easily double up as a function area for private events or group meetings. The main bar area is spacious with a log burning stove, pool table and darts oche which proves a popular space for both casual diners and drinkers. A well-equipped catering kitchen can be found towards the rear of the pub. Externally the pub has a real gem of a garden with a seperate decked seating area which is a great space for external fun days or events. The adjacent car park can comfortably accommodate up to 50 vehicles.
The White Horse currently operates as a destination food venue, although it also benefits from an established regular drinks trade from the neighbouring community. The menu is focused on traditional, homemade pub food with daily specials and weekly theme nights. Regular entertainment has proved very popular with the local community, and there is an opportunity to develop this through weekly quiz nights and live music alongside pub sports teams.
Private Accommodation
The private accommodation is located on the first floor with three large bedrooms (one of which is en-suite). There is also a family bathroom, sitting room, kitchen and office. The accommodation has been maintained to a good standard and well decorated throughout.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Annual Rent: £17,000
Security Deposit: £5,000
Working Capital: £5,000
Stock: £3,000
F&F: TBC (Funding options may be available)
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.
Additional Info
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 – £57.60 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.
Ingoing Cost: 13000
Annual Cost: 0
This is an exciting opportunity to run a destination food pub and I am looking to work with an experienced and passionate individual or couple with the skills to run a pub of this style. You will need catering skills along with good retail standards and a strong marketing plan. The pub lends itself to events with a large function space and a great external area which can accommodate anything from weddings to community family fun days.
