Admiral Pubs Management Agreement, The Melbourne, Liverpool

Admiral Pubs Management Agreement, The Melbourne, Liverpool

Pub Layout: The pub has recently been refurbished internally and externally back in 2021 and is in fantastic condition throughout. Upon entering, guests are welcomed into a spacious open-plan area featuring the main bar. The interior boasts both a modern & traditional aesthetic, with both the internal and external spaces refurbished to a high standard. The atmosphere is vibrant yet inviting, perfect for socialising or enjoying a night out. The open-plan area is tastefully furnished with a combination of loose and fixed seating, catering to various group sizes and preferences. The flooring is a mix of hard and soft materials, providing both comfort and practicality. Sports enthusiasts will appreciate the presence of four TVs strategically placed around the front lounge area, ensuring that locals can catch all the action from any vantage point. Beyond this section lies an enclosed beer terrace for approximately 20 guests with a feature wall adorned with a Liverpool mural, adding a touch of character to the space.

Trading Style: The Melbourne is a true community local, well supported by regulars from the local community, with a strong emphasis on sports, particularly racing and football, as well as other entertainment like darts, DJs, and karaoke. The fact that it’s well-supported by the surrounding area and regularly attracts locals for various events speaks to its appeal within the community. The combination of showing sports matches, hosting events like darts tournaments, and offering entertainment like DJs and karaoke contributes to its popularity and the lively atmosphere on weekends where the pub is open till 1 am. It has a varied product range featuring a great selection of category-leading products, complemented by numerous regular weekly promotions, so customers can expect exceptional value for their money.

Accommodation: The Melbourne offers more than just a lively pub atmosphere; it also provides comfortable and convenient private accommodation on the first floor. With two bedrooms, a kitchen, a lounge, an office, and a bathroom, this space is ideal for a couple or a family.

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 take 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: The BDM is seeking an operator that can provide a safe welcoming environment for its regular drinkers whilst still attracting weekend trade. Someone who understands a sports pub and can drive footfall before, during, and after games and who can grow the sports viewing customers throughout the week. With Community at the heart of what the landlords do, the new operator should be experienced in driving community engagement and should strive to become the hub of the local area.

Future Plans:

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 of 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 *