Built in 1877 and Grade II listed, the Wakefield & Barnsley Union Bank, now repurposed as a business venue, occupies a prominent location in Wakefield town center, serving its residents. This expansive venue features two flawlessly designed bars, along with a centrally located large multi-screen displaying daily football and sports fixtures. Throughout the establishment, numerous televisions are strategically placed, each equipped with up-to-date music and sports channels, providing patrons with intimate viewing areas amidst a lively atmosphere.
The business operates with two distinct tempos throughout the day. It serves as a robust community pub during daytime hours and transitions into the heart and soul of Wakefield in the evening. With its late license, the venue offers late-night entertainment into the early hours, further solidifying its role in the local nightlife scene
This business is prominently situated within the city center, thriving during late-night hours surrounded by shops and other establishments that offer both daytime drinking and late-night entertainment. Housed in an iconic building, the ground floor features a variety of seating options including high-rise chairs, low-level seating, booths, and private areas, all equipped with televisions. The bar itself spans a considerable length, offering a wide selection of drinks and facilitating promotions on beverages.
A DJ booth positioned on the ground floor serves as a focal point for evening entertainment, complemented by state-of-the-art lighting and sound systems throughout the entire establishment.
On the first floor, several private booths each feature their own power points and televisions, catering to daytime patrons and workers seeking a conducive environment. This level also provides a vantage point overlooking the mezzanine, which in turn overlooks the bustling ground floor. Additionally, this floor houses toilets and a distinctive, iconic bar that enhances the venue's appeal and serves as a valuable asset during evening operations.
Given that this business is situated beneath one of the regional offices of the Stonegate Pub Group, there is no on-site accommodation available. However, potential operators interested in this opportunity could negotiate a higher percentage of profits or an accommodation allowance. This would enable them to select and fund their own accommodation within a reasonable distance from the business premises. Such arrangements can provide flexibility and ensure that the operator can reside conveniently close to their place of work while managing the venue effectively.
Forecast Turnover: £600,000.00
Full Deposit: £2,000.00
Estimated Earnings: £125,000.00
Forecast Wet Turnover: £0.00
Forecast Dry Turnover: £0.00
Forecast Other Turnover: £0.00
This business is truly remarkable, boasting considerable size and functionality that make it a formidable entity. It requires someone capable of harnessing its full potential and bringing it to life. With the right leadership, it has the capacity to become one of the top-performing establishments in the city centre.
Equipped with all the necessary tools and resources, this business is akin to a powerful engine ready to be driven forward. The ideal candidate will possess a deep understanding of its dynamics and possess the vision to capitalize on its strengths. Their role would involve steering the business towards success, leveraging its capabilities to enhance its market position and profitability.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
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.
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