Food Preparation Area
3+ Private Bedrooms
The Angel enjoys a prominent position opposite a large and well used local park on Palmerston Road, on the edge of Southampton city centre. The pub is located some 200 metres from Southampton Solent University main campus and the halls of residence are just as close. The pub backs onto a large residential estate, where other drinking establishments are scarce and is also located in very close proximity to Southampton FC home stadium.
There is a large, open plan trade space on the ground floor which houses a long central bar servery giving ample all round vision and ease of service to all areas of the pub. The open plan layout offers a mixed variety of fixed and loose seating along with another area left available for those preferring to stand. The commercial catering kitchen is well equipped and located on the same level as the main trading area.
Externally, there is a fully enclosed licensed courtyard area which has heating and lighting and also has the benefit of an external projection screen. There is also an abundance of parking facilities nearby, including on road parking to the rear.
The Angel is a wet led Community pub, with a focus on live music and big screen sports. The current licensee has introduced community based activities such as quiz nights, open mic nights and local charity events and has also built up a good working relationship with Southampton FC and the pub is now known as a go to venue for home fans on match days. The local University also has a steady supply of students who frequent the venue and enjoy the regular drinks offers available. There is currently a small food offer available, however there is massive scope to further develop the menu and maximise the use of the well equipped catering kitchen.
Private accommodation consists of 3 bedrooms, kitchen, bathroom, lounge and office with all rooms being presented in good order. The domestic accommodation can also be independently accessed at the rear of the property.
Annual Rent: £18,300
Security Deposit: £5,000
Working Capital: £4,000
Business Rates: £Low*
F&F: TBC – Funding options may be available for the right licensee
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
* Based on the April 2023 rating list, the Low Rates Payable is based on small business rates relief being applied on a tapered basis and the licensee only occupying one property for commercial purposes.
Admiral are seeking to secure a dynamic and experienced retailer, who is capable of developing and maximising both the wet and dry income streams. They must be multi-skilled and possess the ability to maximise the trading opportunities that this site presents.
There is huge scope to further develop the business at this well known city pub, which is famous for it’s great food and drink and also being a hub for live sports, particularly due to it’s close proximity to St Marys Stadium, the home of Southampton FC.
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 recommend 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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £60.89 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 and the licensee only occupying one property for commercial purposes.
© 2024 Admiral Taverns Ltd. All Rights Reserved. Registered in England & Wales No. 05438628