Pub Layout: The trade area is spacious and is dominated by a central u-shaped bar servery, which welcomes the customer at the front entrance. Customer seating is laid out to the front, left, and right-hand sides of the trade space and there is also a raised area to the front right of the pub which is used for a pool and gaming machine. Externally to the front of the pub, there is a sun trap terraced area which has space for around 20 customers to enjoy their drinks al fresco.
Trading Style: The Apsley House is currently a wet only, community pub for the locals, however, it does attract some passing trade and also tourists visiting Southsea, particularly in the Summer. The pub offers darts, pool, quiz nights, open mic nights, and a jukebox. There are three excellently kept real ales always available, alongside live cider and in the summer the front terrace is a very pleasant and popular place to be.
Accommodation: The private accommodation comprises 2 bedrooms, lounge, bathroom, kitchen, and office.
Financial:
Annual Rent: £28,600
Security Deposit: £5,000
Working Capital: £3,000
Stock: £3,000
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: Admiral Taverns are looking for a licensee for the Apsley who is willing to put the community at the forefront of their business. Someone who will really focus on connecting with the locals and also being open to tourists and visitors to increase their income. They will need to be able to serve the right drinks offer and have the enthusiasm to promote a more premium selection where appropriate as well as introduce a wholesome pub grub food offer including a much-needed Sunday roast. Given the local levels of competition, Admiral Taverns will favour an experienced licensee for this venue and an ability to market the pub successfully using social media will also contribute greatly to driving the business.
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.
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