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Barley Mow, Bedford

Bedford, MK40 1EZ

Your investment

£15,000

Agreement Type

Tenancy
  • Town centre location
  • LQBTQ+ venue
  • Small enclosed courtyard garden

The Barley Mow is located just outside of the Bedford town centre, on Bromham Road, and is one of the oldest LGBTQ+ bars in the country! Bedford has strong transport links to London, with a nearby train station that takes you to London St Pancras International. Nearby is a college, supermarket, and lots of other essential amenities. Like any town centre pub, the demographic for this site has a diverse range of people, ranging from young to old, and people of all ethnicities.

Pub Layout

Walking through the entrance to the pub, you will find one large trading room with a dance floor and DJ booth, four toilets and a reasonable sized outside courtroom (ideal for outside vertical drinking). The commercial kitchen is in good order however this pub is mainly wet led, being a late-night venue.

The Barley Mow is a wet-led, late night venue. The pub has a strong history with the LGBTQ+ community, meaning the current trading style brings in a lot of custom from younger people within this community. The pub has an impressive cocktail menu, and, as any late-night venue, the lion share of the trade is Wines, Spirits & Soft Drinks.  This pub is also big on entertainment, bringing in lots of revenue from drag acts, live music and open mic nights etc.  There is a small commercial kitchen that could lend itself to offer a light food offer.

Private Accommodation

The private accommodation consists of two2 bedrooms, a lounge area, bathroom, and there will be a domestic kitchen.

Annual Rent: £22,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I am looking for this venue to be the best late-night LGBTQ+ venue in Bedford. Focusing on entertainment, high end spirits and quality beers. The right licensee will be well experienced in late-night venues and be well funded and have fantastic standards along with offering an exceptional service to all its customers.

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.


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