Run an Admiral Pub, Wheatsheaf, Glossop

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

Job summary

A leading pub management company seeks a dedicated licensee to run a traditional pub located in Glossop. The role necessitates financial investment and the ability to manage operations, staff, and a quality customer experience. The ideal candidate will be responsible for daily management, ensuring a welcoming atmosphere and compliance with regulations. This pub is well-regarded for its food and drinks offerings and is situated in an idyllic location.

Benefits

Access to training programs

Support for compliance and maintenance

Qualifications

• Financial investment required to run the pub effectively.
• Ability to manage staff and maintain quality standards.

Responsibilities

• Oversee daily operations of the pub.
• Manage food service and drink offerings.
• Maintain compliance with all business regulations.

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 Wheatsheaf is a traditional limestone building located in the sleepy parish of Old Glossop, on the edge of the Peak District and is the epitome of an idyllic village pub. It caters for both locals and for walkers and cyclists passing through the area who might want to make the most of a hydration break sipping on a pint of well-kept real ale. Glossop is a market town in the Borough High Peak, Derbyshire England. It is located 15 miles east of Manchester, 24 miles north-west of Sheffield and 32 miles north of the county town, Matlock. Glossop has a population of 33,340.

Pub Layout

Entrance to the pub is through the front central doors, which leads into two separate trade spaces. To the left is an area with circa. 26 covers, mainly used for diners. The stone walls and tiled floors could make this area feel cold and unwelcoming, but the two fireplaces, cosy décor and combination of fixed and loose seating make the space very comfortable. To the right of the entrance is the L shaped bar and seating for a further 14-16 customers. This area is often utilised by those partaking in the weekly quiz or enjoying a game of dominoes. To the rear of the pub is the good-sized, well-equipped catering kitchen and both the ladies and gent toilets. Externally there is a small drinking terrace which wraps around the front and side of the pub, this is very well used in the summer months. Although the pub doesn’t have its own car park there is a large car park directly opposite the pub which is utilised by all visiting the parish.

Trading Style:

The pub currently trades on a 60/40 wet/dry split. The pub has a good reputation for the food it offers. The drinks range is a premium range which accompanies the food well and entices those who just want to enjoy a couple of drinks.

Accommodation:

Private Accommodation

The private accommodation is of good size, spread over two levels and consists of three bedrooms, two bathrooms, a lounge, kitchen and office.

Financial:

• Annual Rent: £20,000
• Security Deposit: Initial deposit of £3,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greater
• Working Capital: £2,000
• Stock: £2,000
• Fixtures and Fittings: To be confirmed upon valuation – funding options 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.

BDM Vision:

The Wheatsheaf should be the hub of Old Glossop village. It should offer quality, home cooked food along with well-kept ales and a good range of wines and spirits. It should be the go-to place for the villagers when they want to catch up with friends, celebrate occasions or simply enjoy a meal without having to do the washing up!

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 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 *