Run an Admiral Pub, Railway Inn, Huddersfield

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 Railway is a traditional Yorkshire stone pub located on a corner of the busy A641 Huddersfield to Bradford Road. The pub is in a prime location surrounded by local housing and small businesses, giving a great catchment area from which to draw regular custom.Pub LayoutThe Railway has a traditional decor in keeping with the era of the building. The front entrance leads into a main bar serving three areas – bar and lounge to the left and pool room to the right. The bar is well stocked with a good range of products including cask ale and catering for a loyal regular clientele. The pub features a mix of fixed and loose seating, and the three areas can easily be sectioned off for small group gatherings. Externally to the rear there is a covered smoking shelter, and picnic seating to the front of the site where locals can enjoy a drink and watch the world go by.Trading Style:The Railway Inn is a popular locals pub with a great reputation for sports viewing and pub sports teams. They have an established regular entertainment programme with quiz nights and live music being popular and well supported. There is no catering kitchen at the site, although there would be scope for a small hand-held food offer to be developed to offer an additional revenue stream.Accommodation:The private accommodation is in good order and consists of three bedrooms, kitchen and a bathroom.Financial:Annual Rent: £9,250Security Deposit: Initial deposit of £3,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greaterWorking Capital: £2,000Stock: £2,000Business 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 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:I am looking for an individual or couple who ideally have some local knowledge and be prepared to support the pub’s teams, as well as ensuring the pub continues to be at the heart of the community. Good retail standards and vibrant marketing plan will ensure the Railway is the go to pub in the area.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 * #J-18808-Ljbffr