The Grapes is a fantastic, quintessential country pub, offering a warm and inviting atmosphere along with a diverse range of offerings to cater to its loyal locals and visitors. The split between wet and dry sales indicates a strong emphasis on beverages, particularly cask ales and continental lagers, which are likely to draw in patrons looking for a relaxed drinking experience with additional scope to improve the food offering. The pub’s emphasis on community is evident in its various offerings, special events, private functions, live music and garden parties. This demonstrates a commitment to serving the needs and preferences of its diverse clientele. The vast beer garden adds to the pub’s appeal, especially during the summer months, providing a space for patrons to enjoy their drinks and socialize outdoors. Additionally, having a function room allows for hosting a variety of private events.
Accommodation: Private Accommodation
The private accommodation is based to the left-hand side of the pub on the first floor, complete with a separate entrance. It comprises of a kitchen, lounge, bathroom and two bedrooms.
Financial:
1. Annual Rent: £15,000
2. Security Deposit: £5,000
3. Working Capital: £2,000
4. Stock: £3,000
5. Fixtures and Fittings: To be confirmed upon valuation– funding options available for the right licensee.
6. 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 is seeking an experienced licensee who possesses a passion for the hospitality industry and a strong commitment to engaging with and serving the local community. The ideal candidate should have a vision for growth and development, recognizing the untapped potential within the business to ensure it thrives. The key to success lies in delivering a well-rounded and community-focused offer that encompasses high-quality food, excellently served drinks, and a vibrant calendar of events throughout the week. The successful licensee will maximize key assets such as the beer garden and function room, incorporating community-focused events and activities.
Future Plans:
Additional Information:
1. 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.
2. 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.
3. Working Capital: This is a recommended amount required which will be used in the day-to-day running of the business.
4. 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.
5. 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.
6. 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.
7. 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.
8. *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 *
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