Located in the heart of the village of Andover, Hampshire, The Walnut Tree is set in a beautiful location. It is a unique and welcoming community pub with no direct competition nearby. It has been a central gathering place for locals, offering a warm atmosphere and serving as a hub for the community. The pub is popular with a mix of families, retirees, and young professionals, all of whom value its convenient location. With excellent transport links and easy access to the M3 Motorway and public transport, connecting to majority of cities in the South, it remains highly accessible for both locals and visitors. Rarely available in this area, The Walnut Tree presents a one-of-a-kind opportunity to take over a thriving village pub with a loyal customer base.
Pub Layout
As you approach the pub, its charming thatched roof and inviting bench seating effortlessly blend with the village's aesthetic. Entrance is through the front door, leading you to a centrally positioned bar and a quirky, open-plan trading area. This layout ensures ease of operation with minimal staffing requirements. The pub features a mix of fixed and loose seating, perfect for a range of occasions, from after-work drinks at the bar to relaxed Saturday afternoons with friends and family. Additionally, there is a compact catering kitchen, offering the potential to introduce a small food menu. To the rear of the pub, there is also a large beer garden area, perfect for hosting family fun days and festivals in warmer months.
Trading Style
A village centre pub, perfectly positioned in a stunning location with no direct competition. This is a true hub of the community, offering a warm and welcoming atmosphere. It operates primarily as a wet-led business, with a focus on both premium and standard drink offers, and is designed for easy management. The pub also features a small underused trade kitchen, providing potential for a food offering.
Accommodation
The private accommodation consists of three bedrooms, kitchen, bathroom and an office.
Financial
Annual Rent: £25,000
Security Deposit: £5,000
Working Capital: £3,500
Stock: £3,500
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 presents an excellent opportunity for both experienced operators and those new to the industry. While it currently operates as a wet-led business, there is significant potential to introduce a substantial traditional pub food offering. Additionally, the venue offers exciting possibilities for summer events such as beer festivals and family fun days, further enhancing its appeal to the local community and visitors. The ideal licensee will place community at the core of their vision, transforming the pub into a warm and inviting hub where everyone feels welcome.
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 *
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