Run a Star Pub - Fleece Otley - Otley

To be determined in 'must have experience' conversation between RSM and BDM If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring. The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

The Fleece Otley located on Westgate in Otley, slightly away from the busy market square. The pub is surrounded by terraced and stone cottages and small independent shops. Demographics The pub benefits from being one of 19 pubs found in an area of around 2,396 adults. The Fleece Otley customer base is made up of midlife and mature adults.

• Catering Kitchen
• Outdoor Trade
• Car Park
Trading Area & Facilities
• Main bar area
• separate dining room
• 46 internal covers
• Catering kitchen
• Beer garden
• Car park
Private Accommodation Private accommodation consists of 5 bedrooms, a living room, kitchen, bathroom, office space Pub Financials Pub Financials Icon With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term. Indicative entry costs range from
• :
£15,703 - £42,354 Annual Estimated Annual Turnover £382,249 Annual Rent £26,437 Entry Costs Deposit
• Deposit build up from 1 month rent
£6,609
• Estimated Fixtures & Fittings Value
• Rented fixtures & fittings deal available
£22,245
• Stock Valuation £10,000 Working Capital Required £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.