Overview
Please note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section. The Retired Soldier is a traditional pub in Malvern Link in the heart of The Malvern Hills, Worcestershire. Malvern is a historical Victorian Spa town within an area of outstanding natural beauty and boasts three town centres, a regular monthly farmers market and also the annual vintage retro fair. With two railway stations and a great road links, Malvern is a very accessible area for commuters and tourists alike. The pub itself benefits from a close-knit local community and is under a kilometre from one of the local train stations and has regular buses linking to Malvern town centre.
Pub Layout
The Retired Soldier is a two-room operation serviced by a well-stocked single bar servery. Its layout is practical and compact which allows ease of service to all areas of the pub providing the opportunity for a single person operation. It is in good decorative order and has been well looked after. Externally the pub has a small patio area to the front which proves popular in the Summer months and the domestic kitchen is located on the ground floor to the rear of the bar.
Trading Style
This pub has a good reputation within the community as a great cask ale pub and is proud of its Cask Marque accreditation. The licensee has created a warm and friendly welcome to both locals and visiting tourists and has previously been known as a destination for sports fans to watch live action sports whilst enjoying a beverage with friends. The Retired Soldier has historically had its own darts team and this was a welcome addition to the income at the site, having regular league matches with the local community.
Accommodation
Private Accommodation. The private accommodation has two bedrooms, kitchen, office, and bathroom all in good order.
Financial
* Annual Rent: £16,000
* Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
* Working Capital: £2,000
* Stock: £2,000
* 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.
* 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.
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: A security deposit is required when applying for a pub with Admiral. This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property. We will also carry out a credit check as part of your application, which may affect the deposit amount required.
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 piece 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 *
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