Property Description
Coming Soon! City Centre Pub – Refurbishment Planned
We are currently working on the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime, so apply today.
The planned refurbishment by Star Pubs will see Gibsons transformed into a stylish premium pub with the ability to appeal to a varied customer base, including tourists, locals, and students and further boost the potential of the pub.
Bring your experience in managing a team and executing a plan to build a successful pub business. What would you do with this pub to execute our retail offer.
The Area:
Gibsons is a high street circuit bar in the centre of historical York, a highly popular tourist destination in North Yorkshire. The pub is perfectly located in the heart of the city beside the city walls and is one of the first bars at the top of Micklegate ensuring it benefits from excellent footfall.
Demographics:
The pub benefits from being one of fifty-eight pubs found in an area of around 4,752 adults within a 10-minute walk time. Gibsons customer base is made up of young, midlife, and mature adults.
The Offer:
Available on our management agreement, Just Add Talent, the pub has a tried and tested food & drinks offer. The refurbishment will allow for food to make up 10 % of the pub’s total sales.
We’re always open to new ideas, what would you do to drive trade?
The right operator for the Gibsons will have extensive experience in a high street hospitality business. They will have a clear vision for their marketing strategy, entertainment offer and food & drinks menu and can create a memorable experience for their customers.
Gibsons will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan will be shared very soon.
The pub’s trading area and facilities post refurbishment will be:
Main trading area with bar
75 internal covers
30 external covers
Catering kitchen
HEINEKEN Smart Dispense®
Extensive beer garden
Private accommodation consists of two bedrooms, a living room, kitchen and bathroom.
Premises license available on request.
Agreement Type
Just Add Talent
Property Facilities
Refurbishment Planned
Kitchen
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
* 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
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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
