Run an Admiral Pub, Greyhound Inn, Lydney

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

Job summary

A prominent pub leasing company is seeking a passionate individual or couple to run a local community pub in Lydney. The ideal candidates will have a strong marketing plan and engage with the local community to revitalize the pub's popularity. Responsibilities include managing day-to-day operations and developing diverse income streams. The investment required is significant; candidates must be prepared to take on financial commitments. This opportunity offers a chance to make a meaningful impact in the local area.

Benefits

Training provided

Prominent location

Community engagement opportunities

Qualifications

• Looking for a passionate individual or couple.
• Must have excellent retail standards.
• Ability to reconnect with the local community.

Responsibilities

• Manage and run the pub effectively.
• Engage with local market and community events.
• Implement marketing strategies to boost footfall.

Skills

Strong marketing plan

Community engagement

Experience in hospitality

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 Greyhound is a large, double fronted, detached pub situated just outside the centre of Lydney and benefits from being surrounded by a popular residential area as well as being in close proximity to the main High Street. The pub sits in a prominent and elevated position being located on a slight hill, with a good sized garden to front and side. Lydney is a town in the county of Gloucestershire and is conveniently situated on the west bank of the River Severn and is approximately 16 miles south west of the city of Gloucester.

Pub Layout

Access to the Greyhound is both via the front door from the road and to the rear via the spacious beer garden. On entering the Greyhound, you will notice that there are two distinct trade areas which are interlinked and are both serviced by the good sized central bar. The smaller side of the trade area is currently used as a pool table and darts zone at present, however, this could be further utilized as a small function room. The main bar area in an L shape, has an open fire, lots of TV’s and a mixture of seating. To get to the main entrance a customer has to walk past a good sized beer garden to the front and side of the property. The living accommodation have recently undergone significant refurbishment to a high standard.

Trading Style:

The Greyhound is a drinks focused, local community pub, that has it’s main clientele from the houses and town around the area. The pub was always the hub of the town with sports teams and televised sport entertainment as well as local live music and karaoke nights. With the spacious beer garden and ample internal room, the Greyhound utilises the space well to provide zoned areas to facilitate diverse groups within the building. After work drinking and night time entertainment as well as summertime outside drinking could all contribute to the diverse income streams of the site.

Accommodation:

Private Accommodation: The private accommodation consists of three bedrooms, lounge/office and a bathroom with separate toilet. We have recently completed a significant refurbishment of the PQ’s.

Financial:

• Annual Rent: £19,500
• Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
• Working Capital: £2,500
• Stock: £2,500
• 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:

I am looking for a passionate and driven individual or couple who have excellent retail standards. Ideally the best person for this pub would be someone from the local area who can reconnect the pub back with the local community. They will need an active rhythm of the week and a strong marketing plan with good social media presence to ensure the business is being driven forward.

The new licensee could also look to introduce a back bar food offer and encourage more families from the community as well as introduce innovative drinks offers to put the pub at heart of the local town again. Focussing on re-stablishing the day time drinking trade as well as re-connecting with sports teams and re-introducing rugby via BT Sports would increase the footfall and promote the welcoming feeling that the pub can hold. Music and sports have always been a key element in driving the business at this site and someone who can maximise on this would aid the pub in reaching it’s full potential.

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 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.