Run an Admiral Pub, Holly Bush Inn, Salt
Pub Layout:
Internally the pub has a very traditional feel with oak beams, exposed brick and open fires including a feature Inglenook which create a real homely cosy feeling. There are three distinct trading rooms namely the bar (which is accessed upon entry); the main dining area and a snug. Together they seat around 80 covers whilst still leaving ample room for drinkers. Serving all of this is a well-fitted and good sized trade kitchen which, like the customer toilets, lies towards the rear. To the rear of the property there is a superb garden which is tree lined and has a large lawn area with picnic tables and heaters and will double the number of covers available through the summer months. There is ample car parking available with approx. 40 spaces on the pubs own car park and many more available on the road adjacent to the pub.
Trading Style:
The Holly Bush is a former award winning country pub renowned in the area for its locally sourced traditional food offer & range of real ales. It has a fantastic reputation within the community and is well supported by both visitors and the loyal customer base it has established over the years.
Accommodation:
This consists of a lounge, kitchen, bathroom and 3 bedrooms, all in good order.
Financial:
Annual Rent: £45,500
Security Deposit: £10,000
Working Capital: £5,000
Stock: £5,000
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.
BDM Vision:
The Holly Bush requires an experienced and well funded licensee with great aspirations to run a fantastic food led pub. You will need to be experienced in running a business of this type with excellent retail standards and a proven track record. A strong set of marketing skills is a must to ensure you are maximising all this great pub has to offer. The Holly Bush has the potential to make one million pound turnover if done correctly.
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 of 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.
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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