Licensee - Old Pack Horse, Cleckheaton
Minimum Ingoing Costs: £13,119
Annual Rent: £42,500
Annual Turnover: £496,627
The subject of a proposed £300k refurbishment, the Old Pack Horse located in the rural area of Highmoor, a well-populated village just outside the West Yorkshire market town of Cleckheaton close to the M62 motorway. This is a well-established, traditional, stone built community pub situated adjacent to the village cricket club.
The planned refurbishment will transform the Old Pack Horse, with a plan to overhaul the image and bring a much bigger focus on food. The aim of the project is to create a relaxed atmosphere and a casual dining space throughout the trading area. Upgrades will be made to the internal trading areas and toilet facilities, to reflect the pubs transformation with retention of the pubs key character features. The kitchen facilities will also be brought up to current catering standard.
The ideal operator will have the vision to develop the overall offering and make best use the refurbishment works. Skills in developing a good food offering are important, alongside engagement with the local community.
The financial details of this pub are currently being finalised and are subject to change.*
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.