Job Type: Leased & Tenancy, Run a Pub, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
Pub Layout
The pub is a two-storey building on the main high street. The bottom floor is home to the bar and the lounge area with a central bar servicing both rooms. The main bar is surrounded by a mixture of fixed and loose seating, complete with high bar stools and steps down to the darts area, along with sofas and TVs to show televised sports, providing a relaxed atmosphere. The lounge area is a quiet and relaxed area with a low-level mixture of fixed and loose seating, which could have the potential for hosting private events. There is a small seated courtyard area at the rear of the pub for extra space. The second floor is currently in use for a karate school - this is a long-term private let.
Trading Style
This wet-led local provides a strong established day-to-day trade with a traditional community boozer feel. There is an opportunity to build on the existing offer throughout the week with entertainment built around the current offer of live sports being shown throughout the season and live music to encourage younger people to use the facilities. Team sports such as darts and dominoes are a prominent feature here, and encouraging this will continue to be vital to trade. Although currently 100% wet let, there is scope to introduce a back bar food offering with a possible pizza oven on the bar.
Accommodation
There is no private accommodation at this site.
Financial
Annual Rent: £18,000
Security Deposit: £3,000
Working Capital: £1,500
Stock: £2,500
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 is an exciting opportunity to run a well-established pub business. Admiral Taverns are looking to work with experienced licensees, someone with local knowledge who can engage with the community, put their own ideas into the business, attract customers from further afield, have a strong marketing plan, and have experience in delivering and developing an established business. The desire to grow the business is essential in ensuring it stays part of the town's circuit and can drive footfall, whilst continuing the excellent work of the current licensees.
Future Plans
Small refurbishment to toilets and bar area upon signing a long-term agreement.
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.
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.
Company
At Admiral Taverns, we pride ourselves on being the UK's leading operator of community pubs, with over 1,400 pubs nationwide. Our success is driven by our passionate and dedicated team, who embody our core values: ONE TEAM, WE CARE, MAKE A DIFFERENCE.
At the centre of every great Admiral community pub is a dedicated licensee.
We’re committed to building strong partnerships with you and empowering you to make a success of your own business. Whether you’re looking to run your own pub or expand your experience in the industry, we’re here to support you every step of the way.
Our licensees come from all walks of life. Some have run a pub before, some are completely new to our industry. Wherever you are in your journey, we’ll focus on finding the right pub for your vision and tailor our approach, support, and the training we offer to meet your needs.
You can be confident that in partnering with us, you’ll have an experienced team behind you. You can draw on a wealth of support and knowledge when you need it to maximise your pub’s potential.
Partnering with us means you’ll have a highly experienced team behind you. You can draw on a wealth of knowledge when you need it, and support to maximise your pub’s potential. We are all working towards the same goal – creating the best community pubs and a business to be proud of.
Finding the right first pub agreement is just as important as choosing the perfect pub itself. That’s why we offer a clear and straightforward range of agreements, backed by comprehensive support every step of the way, including:
* Marketing
* Catering
* Gaming
* Utilities
And much more!
Our dedicated Recruitment Team is here to support you every step of the way in finding your ideal pub. With extensive industry knowledge and a passion for helping you succeed, our team takes the time to understand your preferences and skillset. From exploring available opportunities to providing tailored advice and guidance, we are committed to matching you with the perfect pub that aligns with your vision and aspirations. Whether you’re taking your first steps into the hospitality industry or looking for your next big opportunity, our team is ready to help you make your dream a reality.
If you think you have what it takes to run an Admiral pub, then we would love to hear from you, so get in touch today!
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