Run an Admiral Pub, Fountain, Bradford

Admiral Taverns - Leased & Tenancy; Bradford; On-site; GBP 13,000 - 45,000

Job description

Pub Layout: The front of the pub features a paved area and a fenced decking space, providing outdoor seating for up to 40 people—perfect for enjoying sunny days or relaxing outdoors. Inside, the central bar serves both the lounge and pool areas, creating a dynamic and lively environment. The lounge's corner for entertainment offers a flexible space for live music, events and other activities that keep customers engaged and entertained. The main seating area is carpeted, providing a cosy and comfortable atmosphere. With a combination of fixed and loose seating, the layout accommodates groups of all sizes. The pub has been recently refurbished, ensuring a modern, clean and well-maintained space. This blend of style and function creates a welcoming and enjoyable experience for all guests.

Trading Style: The Fountain is a well-established wet-only community pub, deeply rooted in the local area and supported by its loyal customers. With a strong sports focus, the pub regularly shows Sky TV, making it a popular spot for sports fans. It is also home to an active pool team, further enhancing its community spirit. The pub offers a varied product range and drinks sales are driven through regular promotions and special offers, creating excitement and value for customers. Entertainment options like karaoke and quiz nights have proven to be successful, adding to the vibrant atmosphere.

Accommodation: The private accommodation can be accessed from the rear of the pub. It is a reasonable size comprising of two bedrooms, lounge, kitchen and bathroom.

Financial:

Annual Rent: £13,600

Security Deposit: £5,000

Working Capital: £5,000

Stock: £4,000

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.

BDM Vision: The Fountain is an ideal opportunity for a first-time licensee who knows the local area and has an interest in sports and entertainment. As a wet-only pub, it focuses solely on drinks, with a strong community presence and loyal customer base. The pub is well-known for its sports coverage, including Sky TV, and is home to a local pool team. Entertainment such as karaoke and quiz nights have been very popular and there’s great potential to build on this by creating a regular rhythm of events throughout the week. The new licensee will have the opportunity to strengthen the pub’s position in the community by ensuring there’s always something for guests to look forward to. With a strong foundation and a supportive local following, the Fountain is ready to continue its success as a popular gathering place for locals.

Future Plans: There are plans for a small ladies and gents toilet refurbishment.

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.

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 *