If You’re Looking for Pubs To Let In Liversage , The Cross Keys Is Now Available.
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Pubs To Let In Liversage – The Cross Keys Is Now Available !
Pubs To Let In Liversage – The Cross Keys Is Now Available !
** INVESTMENT PLANNED **
The Cross Keys is a detached community pub which sits on a large plot in the heart of Liversedge, comfortably nestled in-between the larger towns of Cleckheaton, Batley and Mirfield. Located on the edge of Spen Valley, there are plenty of walks and beautiful views to be taken in around the area. Traditionally a Wool Mill town, the buildings as you would expect are traditional stone built terraced houses, which adds extra charm to the town. The area itself has a high population and the homes are predominantly all privately owned.
Pub Layout
On entering the pub through the main porch, you are welcomed into an open plan trading area with a central horseshoe bar which services the whole pub. There is a mix of loose and fixed lounge seating throughout the pub creating a comfortable and relaxing atmosphere for regulars and new customers alike, along with additional loose seating to cater for those dining. There are two raised decking areas at the rear of the pub, which can easily accommodate an additional fifty covers. The decking overlooks the impressive main beer garden which is lawned and houses a number of picnic benches. This area has been used previously for local music festivals etc. and provides a great space for families in the warmer months. The car park is located to the side of the pub and can hold up to thirty vehicles. Planned investment will include updating the exterior signage to highlight the kerbside appeal of the pub.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pubs To Let In Liversage – The Cross Keys Is Now Available !
Private Accommodation
The private accommodation is located on the first floor and is all in good order, comprising two bedrooms, bathroom, lounge and a private kitchen.
Annual Rent: £21,500
Security Deposit: £5,000
Working Capital: £3,000
Stock: £2,000
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.
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: 10000
Annual Cost: 21500
I am looking for a community focused individual or couple to take on this fantastic opportunity. Knowledge and a love of good beer is preferred as the cask is so popular in the Cross Keys, and there is room to develop and grow a more consistent food offer and make the most out of the commercial kitchen. The successful applicant must have exceptional standards, along with good marketing and social media skills in order to promote their new offer. The beer garden in this pub is an untouched gem so regular community events, summer BBQ’s etc. would be highly encouraged.
