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Carpenters Arms, York

York, YO43 3BQ

Your investment

£7,000

Agreement Type

Tenancy
  • Fantastic Location & Loyal Customer Base
  • Fixtures & Fittings Included In Rent
  • Great Outdoor Space

The Carpenters Arms is located on the edge of the bustling town of Market Weighton just off the A1079.

Market Weighton is a small market town with a population within a half mile radius of over several thousand people of which the top two segmentation categories are comfortable communities and affluent achievers.   It lies in the civil parish of East Riding of Yorkshire and is one of the main market towns in the East Yorkshire Wolds, lying midway between Hull and York, about 20 miles from either one

Pub Layout

This site is a small, cosy pub that consists of one long main bar area with a split trade area for social drinking and pub games.  The Carpenters Arms underwent a sympathetic refurbishment 3 or 4 years ago that gave the pub a new lease of life making this the quality wet led site it is.  Externally there is a designated smoking area, and a recent development means we have potentially the best garden in the town.

The Carpenters Arms has a friendly ‘locals’ atmosphere and serves a great range of beers including local and specialised ales available through SIBA.  There is a great focus on product range to ensure all locals are catered for. The pub also hosts mid-week quiz nights, Pool & darts teams as well as live artists at the weekends.  There is an opportunity to introduce a back bar food offer with a basic menu.

Private Accommodation

The private accommodation is to a high standard and consists of two good sized bedrooms, a fully fitted kitchen, lounge and family sized bathroom. Outside there is a rooftop terrace.

Annual Rent:TBC

Security Deposit: £3,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: 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.

Training: £325 plus VAT

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

* Based on the April 2023 provisional rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.

This site would suit an assistant manager or established manager who is ready to take the next step in their career but would also suit a first-time operator looking to run their own pub.

Service standards are key for the day-to-day operation here and being part of the local community helping with charities, fund raising and working with all parties to make this pub the hub of the community.  You will need to have excellent customer skills, social media and local marketing skills and overall good trading standards.

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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