Run an Admiral Pub, Bridge Inn, Chirk

Admiral Taverns - Leased & Tenancy; Wrexham; On-site; GBP 19,000 - 30,000

Job description

Pub Layout

On entering through the main front door, the pub is open plan with a central bar servery. To the right of the pub is the main bar, which can seat up to 30 people. This is where the locals usually gather throughout the week and it has a more relaxed feel with televised sport shown in this area as well as live entertainment which is very popular. The stairs leading to the private accommodation and fully equipped catering kitchen are located off this area. To the left of the pub is a lounge that leads onto the dining area for up to 40 covers. To the front of the pub is a decking area with benches. This area proves popular in the summer months with locals and tourists enjoying the spectacular views across the valley and the aqueduct. There is a car park located to the side of the pub for up to 12 cars.

Trading Style:

The Bridge Inn trades as a rural community pub/seasonal pub and is well supported by the locals throughout the year. Trade sees an increase during the summer months due to its fantastic location overlooking the River Ceiriog and its nearby caravan parks attracting visitors and holiday makers. At present, the traditional food offering is well received. The current licensee has a strong rhythm of the week with regular music nights, quizzes and televised sports.

Accommodation:

Private Accommodation

The private accommodation is located on the first floor and consists of three bedrooms, lounge, kitchen and bathroom all of which are well presented and in good order.

Financial:

Annual Rent: £19,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

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.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

BDM Vision:

I am looking for licensee/s who know the area and can demonstrate the drive and passion to ensure that the Bridge is at the heart of the community with an excellent entertainment programme, fantastic food menus and good quality beers and ales.

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 start-up 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 Asterisk *