Introducing our second Proper Pub in Braintree With a £290,000 investment, the pub has been transformed internally and externally making this the place to be in Braintree. The Eagle is located in a desirable location in Braintree, just a short walk from Braintree Town centre and 10 miles North-East of Chelmsford and has an estimated population of 43,492 with 15.8k households being within a mile of the pub. Braintree district has four market towns, picturesque villages, a designer shopping outlet, and easy access to shops, schools and public transport. Pub Layout The pub has been beautifully decorated throughout following the investment. Upon entering, you will find an L shaped bar servery which serves all areas of the pub. Throughout there are several areas which have been designed to offer something for everyone, including a games area with pool table and darts boards and TV's throughout offering Sky Sports. There will also be snug areas for those wanting to enjoy a quieter drink. Externally the garden areas will be extended to offer additional seating and will feature an external TV to the rear. Trading Style: The Eagle is a true community pub that will benefit from the warmer weather with it’s newly extended beer garden. It shows televised live sports throughout the week on both the internal and external TVs. There is an opportunity to develop sports teams for both pool and darts. The new operator will need to provide a sound base for sports teams and traditional bar games including football, pool, darts, dominoes and quizzes along with a vibrant and varied entertainment program at weekends. The new operator will put the community at the heart of everything that goes on and will strive to make the Eagle the community hub in the local area. Accommodation: Private Accommodation The private accommodation consists of three bedrooms, lounge, kitchen and bathroom. 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 for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing. BDM Vision: Nicky Alsop the Business Development Manager is seeking an experienced community and sports-obsessed operator, experience in running a similar venue would be advantageous and applicants must have the right sales-focused ideas to maximise sales before and after games whilst ensuring customers are served in a safe environment. You will need to plan and execute weekly entertainment such as quiz nights, bingo, karaoke and live music and ensure a return is made on your weekly entertainment allowance. The ideal applicant will be able to demonstrate a good understanding of the local marketplace as well as be community-focused with a good knowledge of sports. 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 piece 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