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Admiral pubs management agreement, winning post, wolverhampton

Wolverhampton (West Midlands)
Admiral Taverns - Proper Pubs
Manager
Posted: 11 July
Offer description

Wolverhampton, welcome the Winning Post to the Proper Pubs family! The Winning Post is a prominent detached pub situated on a spacious plot of land, located on the outskirts of the city of Wolverhampton, benefiting from being in the highly populated area which is a bustling community.


Pub Layout

The Winning Post offers a large, open plan trading area with a traditional décor and an authentic twist. As you enter the pub you are welcomed into a spacious room, where you will see the large main bar servery directly in front. To the left-hand side, there is a seating area with a darts board and games table. To the rear, steps lead up to a designated games area featuring two pool tables, two darts boards, and two wall-mounted TVs making this a well-loved space for any avid sports fan. In addition to this, there are also TVs in the main trade area. Externally, there is a large area with a spacious covered outdoor seating space, ideal for any time of the year. The pub benefits from a large car park with up to 20 car park spaces.


Trading Style

The Winning Post is a wet led community-focused pub which should serve as a welcoming hub for the community. Existing activities provide a sound base of sports teams and traditional bar games including darts, quizzes, pool, and poker. By consistently focusing on community engagement, entertainment, and providing a warm and inviting space, the pub will continue to be a central hub for the local community. Expect an established product range, enticing promotions, and excellent value for our valued customers.


Accommodation: Private Accommodation

The private accommodation consists of four bedrooms, a sitting room, kitchen, and bathroom. This benefits from its own private entrance and a private garden.


Financial

Security deposit: £2,000

No rent applicable on this agreement

This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns takes care of all the running costs including rates, utilities, stock, and day-to-day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff, and any council tax and TV license for the residential quarters.

All new operators have comprehensive free training as part of their agreement.

1. 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.
2. E-Learning Training for you and your staff. Featuring more than 30 courses for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing.


BDM Vision

Alison Davidson, the Business Development Manager, is seeking a well-established and experienced operator with a passion for community pubs. You must have previous experience in running a similar style venue and showcase the skills to market & deliver a strong rhythm of the week that ideally should include regular live music events along with pool teams coupled with other games/activities such as quiz nights and bingo. This pub is not suitable for first-time operators.


Future Plans


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.

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 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 *

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