Run an Admiral Pub, Dutch Birds Inn, Failsworth

Admiral Taverns - Leased & Tenancy; Manchester; On-site; GBP 20,000 - 25,000; Full time

Job description

The Dutch Birds is a community pub with a loyal core customer base. The potential here lies in creating a strong entertainment schedule which includes live music and karaoke, welcoming pool and darts teams and offering a simple food menu. With a strong rhythm of the week, which is well marketed, the Dutch Birds can cater for various clientele throughout the week. There isn’t a food offering at the moment but with a small kitchen, a back bar food offer could be available.

Accommodation: Private Accommodation consists of two bedrooms, kitchen, living room and bathroom.

Financial:

1. Annual Rent: £20,000
2. Security Deposit: £2,500 (with bond build to £5k)
3. Working Capital: £1,000
4. Stock: £1,000
5. Fixtures and Fittings: To be confirmed upon valuation – funding options available for the right licensee.
6. 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 Dutch Birds is driven through wet sales and has the opportunity to be a bustling community pub, catering for all ages and interests. There is room to develop the current offer by providing entertainment including a range of sports and live television. The key to making this business a success is consistency in all areas.

Future Plans:

Additional Information:

1. 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.
2. 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.
3. Working Capital: This is a recommended amount required which will be used in the day-to-day running of the business.
4. 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.
5. 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.
6. 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.
7. 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.
8. *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 *