Run an Admiral Pub, Fleece Inn, Elland

Admiral Taverns - Leased & Tenancy; Elland; On-site; GBP 22,000 - 26,000; Full time

Job summary

A leading pub operator is seeking an experienced food operator for The Fleece Inn in Elland. Successful candidates will need to invest financially in the business and manage day-to-day operations, focusing on developing both the food and drink trade. Strong community relations and planning for events are essential for success.

Qualifications

• Applicants must be prepared to invest financially in running the pub.
• Experience in the food and drink industry is essential.
• Ability to foster relationships within the local community.

Responsibilities

• Manage day-to-day operations of the pub.
• Develop the food trade while maintaining regular customers.
• Plan events and work with local organisations.

Job description

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.

The Fleece Inn is a stunning 17th Century, Grade II* listed, traditional stone-built building situated in the market town of Elland, West Yorkshire. The pub itself is a short walk away from both the town centre and the River Calder, and is surrounded by a mix of residential properties and local businesses. The local population totals over 300,000 residents within a 5-mile radius of the pub, giving a strong catchment area for potential trade.

Pub Layout

Both of the main front doors lead into the main bar area, featuring period fixtures and fittings, stone floors, exposed stone walls and wooden beams reflecting the heritage of the building. The entrance hall to the left of the pub leads to the toilets, with an access door to the main bar. The main bar seating area caters for approximately 25-30 covers and is served by one central bar stocking a range of popular products. Access to the well-appointed catering kitchen is located to the rear of the bar servery. To the right and rear of the main bar is a separate games room with pool table, dartboard and TV, and a small snug seating area is situated at the front. Further to the right of the pub is the large, split-level function room area. On the ground floor there is a separate bar, kitchen area, servery, dance floor with DJ booth and loose seating for 25-30 covers, with stairs leading up to a mezzanine level featuring period seating for an additional 25 covers and exposed beams. Externally to the front, the Fleece boasts a beautiful beer garden with bench seating and childrens play area, along with parking for approximately 15 vehicles. Additional parking for approximately 10 vehicles can be found at the rear of the pub, along with separate entrances to the bar and kitchen.

Trading Style

The Fleece currently trades with approximately 60:40 wet/dry split, although the development of the food trade would be a priority for any potential operator given the local demographic and style of the pub. Pub teams in pool and darts are planned for the upcoming seasons, with the popular function room providing an extra income stream. There is a good, established regular trade which provides a solid foundation for growth, and the garden area provides a welcome seasonal boost during the summer months.

Accommodation

Private Accommodation: The private accommodation is on the first floor, is in good order and features a lounge, kitchen, bathroom and three bedrooms. An additional room is currently used as an office but could easily be used as a fourth bedroom if required.

Financial

Annual Rent: £26,000

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

Working Capital: £4,000

Stock: £6,000

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 to work with an experienced food operator to build on the current established trade and take this stunning pub to the next level. Fostering current relationships with the local community will be essential to establishing a strong day-to-day trade, and strong plans should be in place to build every aspect of the business, from local drinks trade to destination food and function customers from further afield.

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).
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.