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Clarendon, Miles Platting

Manchester, M40 8QB

Your investment

£2,000

Agreement Type

Tenancy
The Clarendon is a detached property located on the large Monsall estate, which is made up of counci...

The Clarendon is a detached property located on the large Monsall estate, which is made up of council and ex-council properties. The pub is very close to the Ethiad stadium and benefits from excellent connectivity with the Metrolink line running through the middle of the estate.

Pub Layout

The outlet trades from two separate rooms. Front entrance leads into the games room/bar, on the right had side there is an L shaped bar which services the two trade rooms. The rear lounge/function area is currently only used at weekends and special occasions so there is potential to make more of this space. Externally there is a small drinking area close to the main entrance.

The Clarendon is a typical community local pub based in the heart of a housing estate which has an opportunity to provide regular entertainment and team events, charity fundraisers, small functions, generally catering to the needs of the local residents.

Private Accommodation

The private accommodation is located on the first floor however it benefits from having a separate entrance to the pub. There are two bedrooms, lounge, kitchen and bathroom, which are all decorated to a good standard.

Annual Rent: £9,000

Stepped Rent Agreed:

  • 2 months £1 per week
  • 2 months £100 per week

Security Deposit: £1000 – build up to £5000

Working Capital: £500

Stock: £500

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.

The Clarendon should be a popular community local. This pub should offer weekly entertainment and pub games to staisfy the local clientele but more should also be done to attract those traveling to the Etihad on match days. We are looking for an experienced, local licensee who will be passionate about running a community pub, and will be keen to promote pub games and entertainment to further increase weekly turnover.

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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