Job Type: Leased & Tenancy, Pub Manager
Sector: Pubs and Bars
Contract Type: Full Time
Pub Layout
The pub is purpose-built; modern single storey building, built to serve the local community. Internally, it is beautifully decorated, warm, and welcoming with a spacious open plan bar area. The bar is the central point of the pub, serving the various zones - making this the perfect local for all occasions, be it drink or a food driven visit. The thoughtful layout means the captive audience is huge, with plenty of space to catch up with friends - whether having a bite to eat or a drink, play darts or pool, watching the match or enjoying the weekend entertainment.
In addition to the car parking, there is an overflow car park via the shopping precinct, which can come into use if required. The spacious commercial kitchen, which is used for lunchtime and evening traditional food menu, can easily support functions, parties, delivery offer - on top of the core offer. Externally, there is plenty of outdoor space to hold a variety of events in the warmer months such as BBQs and beer festivals.
Trading Style
The Mill offers an excess of 70 internal covers, with a similar capacity externally. The potential here is huge, due to the multiple income streams. However, the skill of the licensee will be key to marketing, driving and exploiting all these income drivers.
Accommodation
The private accommodation offers spacious 3-bedroom accommodation, alongside a lounge, kitchen, bathroom and office.
Financial
Annual Rent: TBC
Security Deposit: £5,000
Working Capital: £10,000
Stock: £5,000
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
We are looking for an experienced and commercially driven licensee, who will enjoy engaging with the vibrant local community. They will have clear plans and vision for this business which must be demonstrated by way of a business plan. Our vision, is that this pub should be the home from home for the local community with strong reasons to visit, a strong rhythm of the week and a compelling food offer – including a famously traditional Sunday lunch offer.
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 *
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.
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
Our dedicated Recruitment Team are 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 take 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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