Pub Layout: The Junction comprises of one large room, which is light and airy. The pub has a good selection of fixed seating with a defined bar area. Next to this area, there is a pool table and some additional seating, and there is a large open fire which in the winter gives this pub a cosy feel. The pub has a cobbled external trading area to the front of the pub. It doesn’t have a car park; however, there’s plenty of parking in the area, with a large council-run car park just two minutes down the road. Most customers, however, live and work in the immediate area, so there’s no need to worry about parking.
Trading Style: The existing customer base is very mixed, from retired customers and families during the day to the “high-vis” manual workers arriving for a drink. During the evening, the custom is really mixed with the pub having a real community appeal. There is huge potential to develop this business, to grow wet trade, along with building pool, darts, and dominoes teams, along with putting on various entertainment, e.g., quizzes and live music. Back of house, there’s a small food prep area, and whilst we see this pub doing snacks, the kitchen area is not big enough to do much by way of a food offering.
Accommodation: The first floor comprises of two good sized bedrooms and an extremely large lounge and indeed a large domestic kitchen/diner. In addition, there’s a bathroom and toilet. This area of living accommodation is in an acceptable condition. The top level of the pub has an additional four bedrooms and a bathroom; however, this floor hasn’t been used in years and is in poor condition at present.
Financial:
Annual Rent: £11,000
Security Deposit: £5,000
Working Capital: £3,000
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.
BDM Vision: This pub would be a great starter pub for someone venturing into the hospitality sector. Being a one-room operation, it doesn’t require lots of staff; rather it needs someone who is a brilliant host and can provide the community with a great pub. The ideal licensee will ideally know the area and have the skills to market, promote and grow the wet offer, grow sports teams and launch entertainment, including live music. Pride, passion, personality, an eye for detail, and focus on great standards are a few of the key skills we are looking for in a potential licensee.
Future Plans:
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.
#J-18808-Ljbffr