Credit Control à United States

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.

Located in Irtlingborough, the Leather Bottle sits in a residential area with plenty of houses surrounding the pub just outside the town centre. Irtlingborough sits on the River Nene just outside of Wellingborough, a market town in North Northamptonshire. With a population of 8900 Irthlingborough was initially the smallest town in England to have a football league team before the promotion of Forest Green Rovers in 2017. Surrounded by natural beauty with the Irthlingborough lakes & meadows owned by the Wildlife Trust and the numerous factories and logistics companies with a long history connected to Whitworths and Dr. Martens, the town is used by commuters for employment via the direct routes on the A45 or the A6.

The trading area is all on the ground floor with an open plan style. As you enter the front door the toilets are to the left, entrance to the large garden is directly in front of you and the bar is on your right. There is a horseshoe shaped bar that accommodates the main trade area and an additional pool room to the side which is open to viewing from the main bar area.

The area in front of the very useful outside bar is covered, so can be used 365 days a year. The garden area is large and can seat 60+ people.

The Leather Bottle is a popular drinks focused pub and in the last few years has been refurbished to a very high standard to include an outside bar. The pub has a pool and darts team, regular live TV sports and weekly music entertainment to entice the locals and ensure it is at the hub of the community. A great blended drinks offer is available and bar snacks also prove a popular addition.

Private Accommodation
The private accommodation consists of three bedrooms, living room kitchen and bathroom.

• Annual Rent: £22,000 (Start up rent of £11,000 (net) p/a for 12 weeks)
• Security Deposit: Initial deposit of £3,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greater
• Working Capital: £3,000
• Stock: £3,000
• 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.

Admiral Taverns are seeking a licensee who is a community focused operator who will attract business through various marketing tools including social media. Ideally, the licensee would have experience of developing, maintaining, and marketing a high-quality drinks offer, be passionate about quality beers and ales and possess exceptional customer service and engagement skills along with fantastic standards that will be key in moving this already successful beautiful pub onto the next level. Success will also come from promoting a range of activities such as quiz nights and live music which will mean that the licensee is ensuring regular custom throughout the week.

• 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 peace 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 *