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Apply below after reading through all the details and supporting information regarding this job opportunity.
The Heart of the Community
The Albion is located within a residential area. It is close to shopping amenities and transport links. With over 1,000 adults within a ten-minute walk from the pub, this is the perfect location for a community local.
The pub is a two-room operation, split into the classic lounge & taproom format. The next operator of The Albion should offer an appealing rhythm of the week. This will entice customers, and bring the community together. The existing drinks menu should be extended to include more cask ale.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
Features
- Live Sports
- Pub Games
- Cask Ale
- Outdoor Trade
- Private Accommodation
- Foundation Tenancy
Trading Area & Facilities
The pub is split into a classic bar/lounge format, with an L shaped main lounge and traditional taproom.
Outside, there is a private patio area to the rear of the pub, with a small amount of space for seating to the front also.
Private Accommodation
The private accommodation consists of two bedrooms, living room, kitchen and bathroom.
Pub Financials
Annual Rent £
13,549
Estimated Annual Turnover £
222,386
Deposit £
3,387
Estimated Fixtures & Fittings Value £
5,380
Estimated Stock Valuation £
3,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
15,267
Estimated Minimum Ingoing Costs £
7,629
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
