Admiral Pubs Management Agreement, The Weavers Rest, Atherton
Trading Style: The Weavers Rest enjoys a prime location on Atherton’s bustling high street, benefiting from steady footfall throughout the day from shoppers and lively crowds in the evenings and on weekends. Atherton itself is a weekend hotspot, drawing customers from nearby suburbs who are drawn to its vibrant mix of pubs, bars, and restaurants. With a loyal following during the week, the pub is home to thriving darts and pool teams, creating a lively and welcoming atmosphere. On weekends, the Weavers Rest shifts into high gear with electrifying entertainment, including live music, DJs, and drag artists. There’s always something exciting happening to draw in the crowd and keep the energy alive.
Accommodation: Private Accommodation comprising of three bedrooms, lounge, kitchen, and bathroom. We will be investing in the private accommodation making it a fantastic place to call home.
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: 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: Mark Knibbs, the Business Development Manager, is looking for an operator who has experience in running high street venues and is equally happy managing teams as they are hosting a karaoke or race night. Someone who can drive daytime sales with bingo and games and can manage the influx of customers at weekends. It goes without saying that the operator will be community-focused and will continue the name the Weavers has built up over the past couple of years for raising money for local people and causes, a true community pub. We are looking for an operator that will integrate into the community and ensure the Weavers continues to shine.
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 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 *
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