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Rainbow Wakefield

Pubs & Bars • 40 Lower Warrengate, Wakefield, West Yorkshire WF1 1SA Management opportunity
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Summary

The pub currently operates in two main internal areas, serviced by one main bar. The décor is traditional and welcoming with plenty of covers available.

Description

The pub currently operates in two main internal areas, serviced by one main bar. The décor is traditional and welcoming with plenty of covers available. The pub also has a large back room with a separate bar which is dedicated to sport, there is a pool table, darts board and gaming machines available for customers to use. To the rear of the pub is an extensive outdoor area which offers picnic bench seating, a popular spot for events and during the summer months. There is a permanent wooden covered area and a temporary gazebo covered area which could be removed on sunny days. Key Features • Excellent wet-led pub in the city of WakefieldEstablished tradeDedicated sports room with pub gamesExtensive beer garden with covered seatingDiscounts of up to £220 per barrel but has an average of £214 per barrel Business & Financial Information • Estimated ingoings (upfront): £3,295 • Full deposit: £2,500 • Agreement fee: £795 • Guide rent (weekly): £192 • Guide rent (annual): £10,000 • Forecast turnover (weekly): £270,556 • Forecast turnover (annual): £270,556 Ideal Operator We're looking for a publican to take this site to new heights and build upon the established customer base. Private Accommodation The private accommodation is well presented and in good condition. There are two bedrooms, with a large lounge kitchen and lounge area. Regional Manager's Thoughts This is a fantastic opportunity for an experienced or new starter to the trade who is looking to take on a great pub in a popular area. The main foundation of trade is the loyal LGBTQ+ clientele who are great customers to the pub and the local area. The new publican will need to build a rapport with people who visit, so knowledge of this sector would be a plus, but not a must. This pub performs extremely well over festivals and during the holidays, so a publican who market the pub successfully to utilise that time of year would be a major advantage. Surrounding Area The Rainbow is a prominent pub situated in the lower section of the city centre of Wakefield. There is a hotel located directly opposite and there are number of hospitality and retail outlets all within easy walking distance. Wakefield is a vibrant town with a lively night life, so there is plenty of opportunities to draw trade into the pub.

Upfront cost

£3,295
Cost type: Upfront

Key facts

Upfront cost
£3,295
Turnover (annual)
£270,556
Rent
£10,000 (annual)

Location

40 Lower Warrengate, Wakefield, West Yorkshire WF1 1SA
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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