Run an Admiral Pub, Eight Bells, Abbotsley

Admiral Taverns - Leased & Tenancy; Cambridgeshire and Peterborough; On-site; GBP 60,000 - 80,000; Full time

Job summary

A pub management opportunity in the UK requires an individual to oversee the Eight Bells, engaging with the local community and managing food offerings. Ideal for those with experience and a passion for hospitality, this role involves financial management and enhancing pub visibility. A security deposit is required, along with training to improve sales strategies.

Benefits

Training programme

Premium maintenance package

Community engagement opportunities

Qualifications

• Ability to engage with the local community and enhance pub visibility.
• Experience in managing food offerings is essential.
• Strong customer service skills and a personable character.

Responsibilities

• Manage the day-to-day operations of the pub.
• Enhance community links and promote food offerings.
• Oversee financial aspects, including rent and deposit.

Skills

Community engagement

Food management

Customer service

Job description

Overview

Please note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section.

Situated on the main road, the Eight Bells is a delightful country pub located in the affluent village of Abbotsley. The pub is the only amenity in the village, so there is scope to continue the good work of the current landlord and really cement its place in the local community.

Pub Layout

The Eight Bells consists of a cosy bar area with a large open fireplace, a small restaurant area to the left of the bar which seats circa 20 people, and a games area to the right with a dartboard. There is a fully equipped catering kitchen also on the ground floor. Externally, there is a covered drinking area with 18 benches and a good-sized children’s play area. The car park is of a good size and represents an opportunity for events and extra seating if required.

Trading Style

Trading Style: Eight Bells is a community local that has been well-established in the village by the outgoing licensee. The food offering here is vital and pulls in both regulars from the village and customers from further afield. A good mid week food offering should keep trade stable in off-peak periods. The pub has a good outside space that should be utilised in warmer months and provides great scope to attract families with its outdoor play area. There is potential to incorporate a darts teams into the rhythm of the week here within the separate games area. Cask ales are also well received at the Eight Bells.

Accommodation

Private Accommodation

The private accommodation consists of three bedrooms, a living room, and a family bathroom.

Financial

Annual Rent: £19,750

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £1,000

Stock: £2,000

Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.

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.

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.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

BDM Vision

Eight Bell’s is a real community local, this pub is in fantastic condition throughout and presents a great turnkey opportunity for the right operator. This site would suit both experienced and first-time operators alike, with passion and high standards the most important ingredient to make this venue successful. Food is an essential part of this business, so someone who has the desire to drive this is essential. A real personable character, who can build strong community links will thrive at The Eight Bells. Local knowledge will also stand you in good stead. This pub presents a real opportunity for an entrepreneurial spirit who wishes to take it to the next level!

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 – A security deposit is required when applying for a pub with Admiral. This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property. We will also carry out a credit check as part of your application, which may affect the deposit amount required.

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 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 *