Run an Admiral Pub, Fawcett, Portsmouth

Admiral Taverns - Leased & Tenancy; Portsmouth; On-site; GBP 26,000 - 35,000; Full time

Job description

Pub Layout: The pub hosts one large, curved trade space, having been knocked through in previous years. The pub floor is boarded throughout and furnishings are mostly traditional, including a small number of armchairs on a raised area in the corner of the pub, which is transformed into a stage when live music is hosted. The pub is adorned with framed images of past Portsmouth and football memorabilia. A large, attractive patio courtyard is located at the rear of the pub, complete with barbecue for use in the summer months. The catering kitchen is located to the rear of the bar servery.

Trading Style: The Fawcett is a traditional community pub, with a pool table, quiz night, live music, sports TV, meat raffle and hearty Sunday roasts. The retail offer is predominantly wet led, including two regular and one guest cask ale on the bar. There is also a well established food offering, with Sunday roasts very popular with the customer base.

Accommodation: The private accommodation consists of three bedrooms, lounge, office, kitchen and bathroom.

Financial:

1. Annual Rent: £26,500
2. Security Deposit: £5,000
3. Working Capital: £4,000
4. Stock: £4,000
5. 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.
6. Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
7. 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: Admiral are seeking to secure a dynamic, experienced retailer, who is capable of developing both the wet and dry income streams. Our licensee must be multi-skilled and possess the ability to maximise the trading opportunities that this pub presents. This is a fantastic opportunity for the right applicant to grow sales at The Fawcett Inn. The selected applicant must be community focused with the desire to engage with the entire cross section of local community groups.

Future Plans:

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.