A fantastic opportunity has arisen as we welcome the Kings Arms to the Proper Pubs family following a phenomenal £450,000 investment!
Egremont is a market town in Cumbria, England, located on the west coast near the Lake District National Park. It lies south of Whitehaven and close to the A595 road, making it well-connected to nearby towns and attractions. The town has a rich history, including the ruins of Egremont castle, and is known for hosting the annual Egremont crab fair, one of the world's oldest fairs.
Pub Layout
The Kings Arms is gearing up for an exciting transformation, turning it into the ultimate social hub for Egremont! This refresh is all about creating a warm, welcoming space where locals can relax, celebrate, and enjoy great times together. The pub will feature a perfectly positioned bar servery and a stylish mix of new fixtures and fittings to bring a fresh modern charm to the pub. The rear of the pub will be a hotspot for all the action, featuring a pool table, a top-of-the-line darts board, and strategically placed TVs so you won’t miss a second of the game. Externally there is a paved patio area for outdoor drinking.
Trading Style
The Kings Arms will embrace a community-driven, traditional pub experience with a modern twist, catering to locals, sports fans, and social groups alike. A well-stocked bar will offer a variety of beers, spirits, and wine to suit all tastes. A dedicated space offers a pool and darts area, catering for local sports teams. The Kings Arms should offer regular entertainment, including quiz nights, live music, karaoke, and themed events to bring the community together.
Accommodation: Private Accommodation
The private accommodation consists of: Two bedrooms, lounge, kitchen, office, and bathroom.
Financial
Security deposit: £2,000
No rent applicable on this agreement
This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock, and day-to-day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff, and any council tax and TV licence for the residential quarters.
All new operators have comprehensive free training as part of their agreement.
* 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.
* E-Learning Training for you and your staff. Featuring more than 30 courses for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing.
BDM Vision
Lisa Jennings, the Business Development Manager, is seeking a standout operator to take the Kings Arms to the next level and make it the go-to pub in Egremont. We need someone with bags of energy, passion, and a hands-on approach, someone ready to grab this exciting opportunity with both hands! The ideal person will have proven experience in running a similar-style venue and the marketing know-how to create a buzzing atmosphere week in, week out. A strong rhythm of the week is essential—think lively quiz nights, live music, sports events, themed parties, and local community engagement.
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 start-up 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 will be 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, 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 *
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