Job Type: Leased & Tenancy, Run a Pub, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
Pub Layout
The Mikado Pheasant is made up of two distinctive trade areas. Upon entering via the main entrance, you will find yourself in the main bar, which features a mixture of fixed and loose seating, a well-stocked one-bar servery, a pool table, and a darts area. The Lounge/function room can be accessed via the main bar, also featuring a mixture of fixed and loose seating with its own separate bar. Behind the main bar, there is a small food preparation area. To the right side of the pub is the car park, and to the left, there is a small external drinking area with benches.
Trading Style
Nestled in the heart of Kettering, The Mikado Pheasant is more than just a place to grab a drink – it’s a vibrant hub for locals and visitors alike. Trading exclusively as a wet-only community pub, The Mikado Pheasant is beloved by residents in the immediate area. We believe that with a good licensee and a welcoming atmosphere, it can bring the neighbourhood together. The pub hosts weekly sports events such as pool and darts and has a good turnout from teams each week.
There is a large scope to develop The Mikado Pheasant into the ultimate community destination. The spacious outdoor area should be utilized for community events, from lively markets to summer barbecues. The versatile function room upstairs has potential to host everything from special events to local workshops.
Accommodation
The private accommodation consists of three bedrooms, a living room, a kitchen, and a bathroom.
Financial
Annual Rent: £5,200
Security Deposit: £3,000 (Deposit build available)
Working Capital: £2,000
Stock: £3,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long-term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
For a breakdown of financial information, please refer to the ‘Additional Info’ tab.
BDM Vision
The Mikado Pheasant should be the go-to community pub. The new licensee(s) should embed themselves within the community. To drive sales and increase trade, we envision that the pub should introduce live sports and a regular calendar of events such as live music, karaoke, and quizzes.
There is no catering kitchen here, but there is space to deliver a small back bar/handheld food offer – this would be a welcome addition.
We are seeking a licensee(s) who will attract business through various marketing tools, including social media. Ideally, the licensee(s) will be passionate about quality beers and ales and possess exceptional customer service and engagement skills along with fantastic standards that will be key.
Future Plans
Additional Information
Annual Rent: This is our lowest rent figure associated with a Full Tie. If the tie is reduced, the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed. On occasion, our Business Development Manager will discuss a startup rent which is discretionary to an individual pub and can be discussed.
Security Deposit: This sum of money will be held on your account and returned to you on exiting the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long-term agreement.
Working Capital: This is a recommended amount required which will be used in the day-to-day running of the business.
Stock: This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, and any unopened/opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings: This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free-standing or hung by a nail or hook. This will also include furniture.
Tie: All drinks categories are tied. For fully funded licensees on long-term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £350.00 – Before signing a long-term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost: £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you peace of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
*Zero Business Rates: Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an asterisk.
Company
At Admiral Taverns, we pride ourselves on being the UK's leading operator of community pubs, with over 1,400 pubs nationwide. Our success is driven by our passionate and dedicated team, who embody our core values: ONE TEAM, WE CARE, MAKE A DIFFERENCE.
At the centre of every great Admiral community pub is a dedicated licensee.
We’re committed to building strong partnerships with you and empowering you to make a success of your own business. Whether you’re looking to run your own pub or expand your experience in the industry, we’re here to support you every step of the way.
Our licensees come from all walks of life. Some have run a pub before, some are completely new to our industry. Wherever you are in your journey, we’ll focus on finding the right pub for your vision and tailor our approach, support, and the training we offer to meet your needs.
You can be confident that in partnering with us, you’ll have an experienced team behind you. You can draw on a wealth of support and knowledge when you need it to maximise your pub’s potential.
Partnering with us means you’ll have a highly experienced team behind you. You can draw on a wealth of knowledge when you need it, and support to maximise your pub’s potential. We are all working towards the same goal – creating the best community pubs and a business to be proud of.
Finding the right first pub agreement is just as important as choosing the perfect pub itself. That’s why we offer a clear and straightforward range of agreements, backed by comprehensive support every step of the way, including:
* Marketing
* Catering
* Gaming
* Utilities
And much more!
Our dedicated Recruitment Team is here to support you every step of the way in finding your ideal pub. With extensive industry knowledge and a passion for helping you succeed, our team takes the time to understand your preferences and skillset. From exploring available opportunities to providing tailored advice and guidance, we are committed to matching you with the perfect pub that aligns with your vision and aspirations. Whether you’re taking your first steps into the hospitality industry or looking for your next big opportunity, our team is ready to help you make your dream a reality.
If you think you have what it takes to run an Admiral pub, then we would love to hear from you so get in touch today!
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