Midland Hotel, Wakefield
Yorkshire and the Humber
Market Street, Normanton WF6 2AR, UK
The Midland Hotel is a three storey detached property located in the market town of Normanton benefiting from the high street shops and amenities that are only a two minute walk away from the pub with Normanton train station close by too. Normanton in West Yorkshire lies five miles from Wakefield and six miles from Pontefract and has a population of approximately 22,000.
Pub Layout
The outlet trades from an open plan trading area. On entering, you are faced with the central bar servery and a raised seating area to the left. To the right of the pub is the bar area with seating for up to 50 people and a pool table and darts area at the back. The ladies and gents toilets are located to the rear of the pub with the partially equipped catering kitchen located behind the bar. The pub benefits from a 15 space car park to the rear of the building. Also, to the rear of the pub is a quaint courtyard with a decked area and artificial grass to create an easy to maintain mini beer garden.
A recent investment has seen a major external decked area created to the side of the pub to enhance summer trading.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
The Midland Hotel is a town centre pub that is driven mainly by weekend and daytime trade however there is scope to develop the pub further by offering entertainment such as quiz nights and poker nights and also by introducing and supporting pool and darts teams. Friday and Saturday nights are already popular with karaoke and DJs. Although food is not being served, there are facilities available in order to grow a value for money snack offer during the day to cater for the shoppers, office workers and families. There is also a huge opportunity to introduce cask ales and premium products to complement the recommended food offer.
Private Accommodation
The private accommodation is located on the second floor and consists of three bedrooms, including separate lounge, kitchen and bathroom all in reasonable order.
Annual Rent: £17,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £4,500
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.
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: 12500
Annual Cost: 17000
The Midland is a charming pub and the successful applicant should exhibit the skills to develop trade through quality cask ale, food and entertainment throughout the week. I am looking for an engaging and determined individual or couple to keep the already loyal clientele along with attracting a new market to increase footfall. The successful applicant will need to have strong marketing and merchandising skills including a strong social media presence.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
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MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.