The pub currently trades as a well-supported community local with a traditional homemade food offering. The drinks range caters for all with a good wine menu, popular cask ales, and premium spirit range. The kitchen currently serves food seven days a week, with Sunday lunch being very popular, and they also have a strong rhythm of the week with midweek themes offering steak nights & pies. There is scope to develop the current offering with quiz nights and the introduction of live music at a weekend, along with possibly developing pub sports through a darts team. The potential candidates need to continue the good work of the current licensees and embrace village life.
Accommodation:
The private accommodation is in good order and consists of three bedrooms, kitchen, bathroom, and sitting room.
Financial:
Annual Rent: £18,500
Security Deposit: £5,000
Working Capital: £3,000
Stock: £2,000
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 exciting opportunity has become available due to the current publicans taking the decision to retire after nearly 15 years in the pub. This is a well-established business; therefore, you will need to be able to plan and deliver a strong marketing plan and have experience in delivering and further developing a traditional home-cooked pub menu, alongside embedding yourself in the local village life to make this the go-to pub for the community.
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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