Admiral Pubs Management Agreement, Black Lion, Leeds

Pub Layout:
The Black Lion has undergone a £250,000 investment with both internal and external redecoration. After refurbishment, the pub has been revitalized, ensuring that it retains its charm while seamlessly incorporating modern design elements and carefully balancing the space so it feels vibrant and inviting, making it a great community pub. It has various seating options with both loose and fixed, creating distinct areas within the space. The bar is prominent and services all areas with a great product range catering for all. There is an area for live music as well as plenty of screens to watch the televised sports. To the front and side of the building are good sized external drinking areas, containing a mixture of loose and bench seating, giving a great spot to watch the world go by in the summer months.

Trading Style:
We believe in fostering a sense of community in all our Proper Pubs. To achieve this, we’re looking for an enthusiastic operator who will embrace diversity and consistently deliver top-notch retail standards and a varied rhythm of the week. The vibrant entertainment program will need to ensure there’s something for everyone. The pub has a strong sports focus too with a full pay for view package, and we aim to keep the rhythm of the week lively and diverse. Expect an established product range, enticing promotions, and excellent value for our valued customers.

Accommodation:
The private accommodation is located on the first floor of the pub and can be accessed both internally and externally. It has been kept in good order and is a comfortable size, comprising three bedrooms, a bathroom, a kitchen, and a lounge.

Financial:

Security deposit: £2,000
No rent applicable on this agreement.

This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns takes care of all the running costs including rates, utilities, stock, and day-to-day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff, and any council tax and TV licence for the residential quarters.

All new operators have comprehensive free training as part of their agreement.

• 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.
• E-Learning Training for you and your staff: Featuring more than 30 courses for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing.

BDM Vision:
Michelle Ryan, the Business Development Manager, is looking for an experienced strong operator who is willing to embed themselves into this community and deliver outstanding results. You will need to be dynamic and have a deep passion for exceptional customer service and a commitment to retail excellence. Your proactive, hands-on approach will shine as you devise and execute a vibrant weekly activity plan that engages the local community on every level. Your previous experience in delivering live entertainment, combined with an understanding of the local marketplace, will be key to your success.

Future Plans:

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 startup rent which is discretionary to an individual pub and can be discussed.
Security Deposit: This sum of money will be held on your account and will be returned to you on exiting the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long-term agreement.
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 *