The Broadway is a community local pub situated on a busy main road just two miles from Leeds city centre. Operating under our Urban format, a fantastic food menu is available alongside great drinks offers. An investment is planned for this pub in 2017.
TRADING AREA AND PRIVATE ACCOMMODATION
The pub is a good size and is partially open plan with an L shaped bar. The pub incorporates a dining area, pool and darts area with a bar and function room/stage area on the lower level. There is a front outdoor patio area and a grassed beer garden to the rear of the pub.
The private accommodation consists of three bedrooms, a lounge, bathroom, kitchen and office.
LOCAL AREA AND CUSTOMER BASE
Leeds in a University City in the county of Yorkshire and its Kirkgate Market features hundreds of indoor and outdoor stalls. Across the River Aire the redeveloped industrial area around Call Lane is famed for its bars under converted railway arches and live music venues.
The Broadway currently attracts an eclectic mix of customers from diners, drinkers, sports enthusiasts to customers who like traditional, live entertainment. The pub benefits from regular positive TripAdvisor reviews.
The site currently trades at approximately £18,000 per week, dependent upon the entertainment provided. £2,000 of this is food sales. There is potential to improve upon the current revenue by building daytime, weekday trade.
The ideal applicant for this pub will be passionate about sports, entertainment, real ales and have excellent customer service and standards. The local competition operates at a high level and it is important that the new operator can develop relationships with customers to be the best community venue in the area.
This pub is available on our retail agreement:
•A five year agreement
•You retain 22% of all sales made
•We pay for all repairs, investment, bills, stock and property insurance
•You pay your staff and council tax on the private accommodation
•Training is provided free of charge
•A £5,000 security deposit and £360 legal fees apply
•You will be required to obtain independent legal advice from a qualified accountant, RICS qualified surveyor and qualified solicitor at your own cost
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