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Britannia Inn, Brigg

Brigg DN20 8BS

Your investment

£6,000

Agreement Type

Tenancy
  • Starting rent £1 per week for 2 months – see financials.
  • Free of tie
  • Experience the pub in full (video) by clicking here

The Britannia is located in the attractive market town of Brigg, North Lincolnshire. With an approximate population of 6,000 the town has a good sized high street with a variety of well known high street brands and independent retailers.  The pub is located at the top of Wrawby Street close to the pedestrianized retail zone and the towns railway station.

Pub Layout

The Britannia Inn has an open-plan bar area with a mixture of loose and fixed furnishings. To the right of the main entrance is a dedicated pool room area (the Britannia hosts established pool and darts teams) and a further seating area with large TV. To the left of the main bar area is the bar itself, with an additional room off to the left featuring a darts oche and a small seating area with access to the trade kitchen. Through to the rear of the bar are the customer toilets and access out to the rear courtyard area. This features a covered gazebo area and a mix of fixed and loose outdoor seating. Although the pub doesn’t currently offer a food menu the kitchen is well equipped and offers a great opportunity to expand the business to any operator with the right skill set.

 

The pub currently trades as a wet led community pub with both darts and pool teams, live sport and a strong regular trade throughout the day. Regular entertainment is popular, with a karaoke disco at the weekend and occasional live acts. There is an opportunity to introduce a food offer as the pub has a well-equipped catering kitchen with easy links to the lounge and bar areas. Food has been successfully offered and supported in the past and should be a serious consideration to any prospective applicants given the passing trade and high footfall through the town centre.

 

Private Accommodation

The private accommodation consists of three bedrooms, lounge, bathroom and kitchen. There is also a large storage area to the rear of the premises.

 

Annual Rent: £13,300 

Stepped Rent Agreed:

  • 2 months at £1 per week
  • 1 month at £55 per week
  • 1 month at £95 per week
  • 1 month at £155 per week
  • 1 month at £190 per week

Security Deposit: £2,000 – deposit build up to £5,000 available

Working Capital: £2,000

Stock: £2,000

F&F: TBC – Funding options may be available for the right licensee

Tie: Free of tie on wines, and minerals – Tie release fee applicable

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 Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

The Britannia is located at the top of a busy high street and the best retail offer would consist of a great selection of draught ales and lagers, coupled with a good choice of premium wines and spirits. Food and a good coffee offer would compliment the business and make it more appealing to day time shoppers and those using the local railway station.  Great standards, terrific customer service and a well delivered weekly activity plan are all needed to maximise the full potential this site has to offer.

 

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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