Proper Pubs have recently invested in this fantastic opportunity and we are seeking a new operator. The Nags Head is indeed a gem of a pub, with its recent investment and prime location in the town centre of Braintree. Situated on the market square surrounded by local shops, it benefits from high foot traffic and visibility. Braintree's proximity to major towns like Chelmsford and Colchester also positions it well for attracting both locals and visitors passing through. Pub Layout The Nags Head has undergone a remarkable transformation following significant investment, resulting in a welcoming and attractive space for customers of all ages. The fresh décor and varied seating options cater to a wide range of customers, ensuring that everyone feels comfortable and accommodated. The pub's interior design features a combination of loose and fixed seating arrangements, as well as both carpeted and wooden floor areas, providing a diverse and inviting environment. With two trading spaces, all serviced by a prominent bar servery, the pub efficiently accommodates high volumes of customers while maintaining a seamless flow of service. Additionally, during the summer months, the external space offers ample room for tables and chairs on the pavements, creating an inviting outdoor setting for up to 30 guests. This provides a perfect spot to relax, socialise, and enjoy watching the world go by. Trading Style: Situated in the bustling town centre, The Nags Head benefits from a steady daytime trade, as locals gather to enjoy drinks and catch up with friends. However, to fully capitalise on its prime location and maximise evening foot traffic, the pub requires a strong rhythm of the week with engaging evening entertainment. To meet this demand, the pub will focus on offering a diverse range of evening entertainment options, including DJ nights, Open Mic sessions, quiz nights, and poker tournaments. These events will cater to different tastes and interests, ensuring there’s something for everyone to enjoy throughout the week. The Nags Head takes pride in offering a fantastic product range that caters to all tastes and preferences. Our diverse selection ensures that there’s something for everyone, in addition to our already great category of leading products, we run numerous promotions daily to give our locals even more reasons to enjoy their time at the pub. Accommodation: Private Accommodation The private accommodation has undergone recent investment and is now in excellent condition, offering a comfortable and inviting space. With two bedrooms, a sitting room, a bathroom, and a kitchen, it provides ample living space ideally suited for a couple or family ( not suitable for small children). 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: Paul Jackson the Business Development Manager is seeking an experienced town centre operator with a successful track record of running a similar pub. The new operator should implement a great rhythm of the week by focusing on ensuring that all the customers are catered for. The ideal applicant will be able to demonstrate a good understanding of the local marketplace and have the skill to deliver daily. So if you have a passion for hospitality, a strong understanding of the local marketplace, and the skill to deliver exceptional experiences daily then this is the pub for you 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