Job Type: Leased & Tenancy, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
Pub Layout
The Foresters is a large detached building with ample parking to the front and a large carpark to the rear. It has the added benefit of a raised, covered patio area with space for a number of benches to the front of the pub and a grassed area to the side. Upon entering the pub from the front entrance you enter the foyer which is where both ladies and gents toilets are located. To the left you will enter the large lounge area which has a mixture of fixed and loose seating consisting of high and low level seating. There is also the added benefit of a raised area which can be utilised for live entertainment. To the left of the lounge you will find the Darts throw and games machine. The lounge is serviced by a large bar servery with availability to add a good Cask offer. To the right you have the bar area that has a serving hatch from the main lounge bar. This room has had its own bar servery that could potentially be reinstated if needed with a proposed investment. The bar area is home to a pool table, a couple of Darts throws and the patio door that leads onto the lawned area, which, with development will be a great external drinking area.
Trading Style
The Foresters is a well-established community local. The trade is based around pub teams through the week and entertainment at weekends. Sky sports has been successful in the past and there is scope to bring back to drive more footfall. The custom is local residents and regulars who will frequent other pubs in the area at weekends but use the pub as their main base. There is a small kitchen well situated behind the bar servery, which should be utilised to implement a small food offer to run alongside a strong drinks offer. The external areas need to be utilised more to drive additional income through the warmer months.
Accommodation
The private accommodation consists of 3 bedrooms, a large kitchen, lounge, and bathroom which has been recently refurbished.
Financial
Annual Rent: £10,400
Rent steps – £50+vat for first 4 weeks, £100+vat for following 8 weeks
Security Deposit: £3,000 (Build up to £5,000 over tenure)
Working Capital: £2,000
Stock: £2,000
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 Foresters is a fantastic opportunity for someone to make it the hub of the community. There is the ability to implement a small food offer and also to drive entertainment at weekends. Throughout the week, the pub should have a number of darts teams and pool teams and should appeal to a wide range of demographics and ages. This pub would ideally suit an experienced licensee who is familiar with the local area.
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 startup 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.
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 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!
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