Job Type: Leased & Tenancy, Run a Pub, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
Pub Layout
The pub is split into two separate trading rooms - the larger being the main bar area with seating for around 40 people and a pool table which could be moved to allow for bands and a dance floor area for functions. The second room is more of a snug/dining area for up to 25 covers with access to the kitchen allowing for easy service. This room could easily be sectioned off to allow for small functions. Externally there is a fantastic beer garden with a sheltered area and parking spaces to the front of the pub.
Trading Style
This is a traditional pub and it needs to be part of the community with locals at the heart of what they do, from good beer to local events and great food. At present, the food does well as a mid-market offering with home-cooked Sunday lunches proving very popular. Focusing on the community offering quizzes/games nights, pub sports teams, and music would be well received.
Accommodation
Private Accommodation on the first floor comprising of two double bedrooms, lounge, kitchen/diner, and bathroom. An additional room is currently used as an office but could easily be converted into an additional single bedroom if desired.
Financial
Annual Rent: £25,546
Security Deposit: £5,000
Working Capital: £5,000
Stock: £3,000
F&F: Included in the rent.
BDM Vision
The Pincushion is a great pub which needs a great operator. Enthusiasm and passion are essential with an understanding of running a great community pub through great service and retail standards. A strong marketing plan and the ability to implement this is vital to ensuring this is the best family-friendly pub in the area. A full external refurbishment is planned for the pub once the right operator has been identified.
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 *
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 are 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 take 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!
Create a job alert and receive personalised job recommendations straight to your inbox.
#J-18808-Ljbffr