Admiral Pubs Management Agreement, Castle, Dudley
Job Type: Leased & Tenancy, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
The Castle is a wet led community-focused pub which has potential to develop its existing trade by becoming a real ‘hub of the community.’ It has a great entertainment programme with live music being popular with the locals. Existing activities provide a sound base of sports teams and traditional bar games including football, darts, quizzes, and pool. By consistently focusing on community engagement, entertainment, and providing a warm and inviting space, the pub can indeed become a central hub for the local community.
Accommodation: Private accommodation located on the first floor consisting of three bedrooms, lounge, kitchen, and bathroom, perfect for a family.
Financial:
Security deposit: £2,000
No rent applicable on this agreement.
This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock, and day-to-day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff, and any council tax and TV licence for the residential quarters.
All new operators have comprehensive free training as part of their agreement.
* 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.
* E-Learning Training: For you and your staff, featuring more than 30 courses on topics from Compliance, Health and Safety to Personal Development and Wellbeing.
BDM Vision: Steph Briggs, the BDM, is looking for an experienced community-driven operator. The new operator should implement a great rhythm of the week that ideally includes SKY sports and regular live music events along with pool teams and other activities such as quiz nights and bingo. The ideal applicant will demonstrate a good understanding of the local marketplace, be community-focused, and have previous knowledge in running a similar pub. This pub is not suitable for first-time operators.
Future Plans:
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.
Security Deposit: This sum will be held on your account and 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, but 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 for the day-to-day running of the business.
Stock: Valued by an independent valuer on the day you take over the pub, including unbranded glassware, unopened bottles, wines, spirits, any unopened/opened kegs, and cask ale providing the container is unopened.
Fixtures & Fittings: Includes any item bolted to the floor or walls, and fittings that are free-standing or hung by a nail or hook, including 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.
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, while 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 occupying only one property for commercial purposes. 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.
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.
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.
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
Our dedicated Recruitment Team are here to support you in finding your ideal pub. With extensive industry knowledge and a passion for helping you succeed, our team takes the time to understand your preferences and skillset. 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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