Run an Admiral Pub, Black Horse, Atherstone
The pub at present trades to the local community with most customers walking to the pub to drink in the bar throughout the day. Its central location gives it the opportunity to trade to the long-standing regulars in the daytime along with local shoppers looking to eat and people working locally. In the early doors and evenings, cask ale lovers and destination diners are targeted as the pub is ideally located slightly further up the main street from the noisier wet-led pubs. The draught drinks offer is varied and targeted at its current customers. Sports teams for darts and pool are popular and a weekly karaoke held on a Friday night. The early doors trade is often bolstered by local tradespeople calling on the way home from work. The key to the pub's success is its food offer for both casual dining and functions.
Accommodation: Private Accommodation consists of two bedrooms, a family bathroom, sitting room, and kitchen.
Financial:
1. Annual Rent: £25,000 – (Starting rent of £200 (net) per week available)
2. Security Deposit: £5,000
3. Working Capital: £2,500
4. Stock: £3,000
5. 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.
6. Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
7. 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.
BDM Vision: Admiral Taverns are looking for a licensee who can build upon the strong foundations already established at the Black Horse. The pub needs to expand its function trade, whilst the existing loyal customers should be retained and well looked after. There is an opportunity to add additional teams and a rhythm of the week to include a quiz at the weekends and monthly larger events in the marquee. A good targeted food offer which Admiral can support could be really well received attracting especially new customers and families. The pub should become the focal point of the town and retain its community focus.
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.
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