Job Type: Leased & Tenancy, Run a Pub, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
Pub Layout
An entrance lobby leads into the first of two separate trading rooms which is the lounge, laid out with upholstered fixed seating and a mixture of individual high and low wooden tables with stools. Seating for approx. 60 people. The lounge has a one bar servery to one end and an AWP machine and Juke Box to the other. At present this is the most popular trading room as it is the first one as you enter the building.
A short, wide glazed hall leads through to the bar which is the same size as the lounge but with more original features. A hard tiled floor and leather high backed fixed seating around half of the room gives it a fantastic drinking sports bar feel. It has a pool table, darts run and an AWP. To one end is a bar servery that is accessed from the adjacent one in the lounge. Both rooms have access to the same male and female toilets between the two rooms. Outside there is no seating area and no customer car park, however ample parking is available in front of the shops next door.
Trading Style
The current trade is 100% wet with no trade kitchen, however some handheld food, rolls and snacks could be a decent addition or encouraging customers to order in take away food. The pub has pool and darts facilities but currently no teams; this should be encouraged going forward along with live entertainment and occasional disco and karaoke nights. The bar is currently also let out at weekends as a function room and lends itself well to private hire for all occasions, it’s a good size, ground floor, own bar servery and toilets.
Accommodation
Private Accommodation consists of three bedrooms, lounge, kitchen, bathroom and toilet.
Financial
Annual Rent: £12,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £2,000
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
The Kings Oak is a manageable in size, easy to operate pub so could be ok for someone new to the trade. This pub should be the heart of the community, fundraising, support for local people, great value and always something going on creating a reason to visit. Teams should be recruited and encouraged.
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 recommend 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 Asterix.
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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