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Canal Tavern, Kidsgrove

Kidsgrove, ST7 1EF

Your investment

£10,000

Agreement Type

Tenancy
  • Introductory Rent of £200 pew week
  • Waterside Location
  • Opportunity to Introduce Food

The Canal Tavern is a versatile and inviting pub nestled in the heart of Kidsgrove, Newcastle under Lyme. It has a population of 26,276 (2019 census). Most of the town is in the Kidsgrove ward, whilst the western part is in Ravenscliffe. This historic establishment offers a unique opportunity to run a thriving pub with a picturesque canal-side location, making it a perfect destination for patrons year-round.

Pub Layout

The Canal Tavern features a spacious 60-seater bar and restaurant, divided into two charming rooms. This versatile layout opens up possibilities for hosting private events, creating a function room, or simply offering different dining experiences. The pub’s prime location alongside the canal provides a unique selling point, especially during the summer months. The beautiful waterfront setting offers a fantastic opportunity for outdoor seating, al fresco dining, and attracting both locals and tourists looking to enjoy the scenic view.

The Canal Tavern is more than just a pub; it’s a community local surrounded by housing and factories. This setting fosters a friendly, welcoming atmosphere, making it a hub for both residents and local workers. Currently trades as wet only and offers entertainment.

Private Accommodation

The accommodation consists of two bedrooms, lounge, kitchen and bathroom.

Annual Rent: £26,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

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

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: £325 plus VAT

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

At the Canal Tavern , our vision is to transform this already beloved establishment into the beating heart of the community. We’re searching for an ambitious operator or a dynamic couple to build upon the strong foundations of this well-established pub.

Our dream is to create a warm and welcoming space where everyone feels at home. We envision a pub where the community comes together over hearty, home-cooked meals and well-kept beer. It’s a place where laughter and camaraderie fill the air, supported by a range of entertainment options.

Our vision includes hosting darts and pool teams, showing all the major sporting events from Sky and BT, and regular entertainment to keep the excitement alive. We’re committed to being the go-to destination for all, offering an inclusive atmosphere where everyone is welcome.

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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