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.
Location
The Cross Guns stands as a prominent landmark in the picturesque village of Pant, Oswestry, situated along the A483 that connects Oswestry to Welshpool. Located on the Welsh border, this site benefits from a steady flow of visitors, including tourists staying at local caravan parks, day trippers, and passing travellers. Pant is a quaint village with residential housing and is close to essential amenities and the local school located directly behind the pub.
Pub Layout
The Cross Guns is an expansive pub with generous parking and a contemporary beer garden at the front. Renovated in 2022, the pub is well-maintained and invites guests with a warm bar area. A real fire adds a cosy ambiance in winter evenings, and a formal dining area is available for those seeking a more refined experience. The establishment also offers entertainment options such as a pool table and televisions distributed throughout.
Trading Style
The pub operates as a sought-after food destination with regular patronage from the local community. The bar offers a broad selection of beverages, including draught drinks, wines, spirits, coffee, and teas. The current food offering emphasises good value, featuring several promotional deals including a popular Sunday lunch special. The pub engages with the community by hosting various events year-round, including weekly quiz nights and live music.
Accommodation
Private Accommodation
Located on the first floor, this comprises two bedrooms, a living room, a kitchen, and a bathroom in good order.
Financial
* Annual Rent: £24,000
* Security Deposit: Initial deposit of £3,000, increasing to £5,000 or the equivalent of three months’ rent, whichever is greater
* £1,000 trade credit towards the first order
* Working Capital: £1,000
* Stock: Wet & Food £6,000
* 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, free-of-tie options may be available for certain drinks categories in exchange for an annual fee
Additional Financial Information
* Training: £350.00 – Before signing a long-term agreement, attendance is required at the 7 Steps to Sales Success training programme (online over two days).
* Service Charge Cost: £63.33 per week – Admiral Taverns Premium Maintenance Package for compliance and maintenance; includes access to e-learning for you and staff.
* Zero Business Rates: Based on the April 2023 rating list; only applies if small business rates relief is available and the licensee occupies one property for commercial purposes.
BDM Vision
An excellent opportunity awaits the suitable licensee(s) to evolve and enhance this versatile and long-standing business. A robust skill set in managing both food operations and maintaining high retail standards is essential. Collaborating with the local community is vital to establish the pub as a focal point through engaging events and a compelling entertainment line-up. Given the seasonal trading pattern from March to the October half-term, maximizing all revenue streams is crucial to propel the business forward by meeting customer needs and maintaining a strong rapport with regular patrons.
Additional Information
Annual Rent: This is the 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 weekly in advance per agreed terms. The Business Development Manager may discuss startup rent on a case-by-case basis.
Security Deposit: A security deposit is required when applying for a pub with Admiral. The deposit is the greater of £5,000 or three months’ headline rent and is held on account, returned on departure subject to final account balance and condition of the property. A credit check is part of the application process and may affect the deposit amount.
Working Capital: Recommended amount for day-to-day running of the business.
Stock: Valued by an independent valuer on takeover; includes unbranded glassware, unopened bottles, wines, spirits, any unopened/opened kegs, and cask ale with unopened containers.
Fixtures & Fittings: Includes items bolted to the floor or walls and free-standing items, including furniture.
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