Coach & Horses, Hexham
Hexham, NE46 1PQ
Agreement Type:
Long Term Agreement (5 Year Tenancy)
Pubs with Letting Rooms
Your investment:
£25,125
- Fantastic multi-faceted business
- Thriving business
- Scope to introduce a food offer
Beer Garden
Kitchen
Letting Rooms
Live Music
Sports Teams
We’re looking for a dynamic and engaged licensee, someone who’s ready to roll up their sleeves, take ownership, and bring fresh energy to the business. Ideally, you’ll have previous experience running similar operations, with a hands-on approach and a genuine passion for pubs and people. Local knowledge or a strong connection to the area would be a real advantage, helping to strengthen community ties and build lasting relationships. There’s currently no food offering, but with a full commercial kitchen, this is a real opportunity to add a no-fuss, quality menu that complements the pub’s identity and appeals to both locals and visitors. The key will be finding the right balance, continuing the success of the wet sales and entertainment side of the business, while enhancing the offer with food and maximising the potential of the letting rooms. Promotion will be essential, and we’re looking for someone who’s confident with marketing and social media, able to drive footfall through events, seasonal campaigns, and online engagement. A community-first approach, combined with regular activities and a strong digital presence, will help keep this pub at the heart of the high street.
The Coach and Horses is ideally located on the main street of Priestpopple in Hexham, Northumberland, offering significant visibility and foot traffic in this thriving market town. Hexham is well-connected, with excellent transport links including the Hexham station, which connects to Newcastle and Carlisle, as well as direct road access via the A69 and A695. Regular bus services also serve the area, further boosting accessibility. The town’s demographic profile, marked by rising prosperity, indicates a more affluent local population. This provides a strong foundation for a pub that can offer a premium experience, catering to both the local community and visitors. The pub has already received a significant investment in 2021, positioning it well to take advantage of this prime location and capitalise on the area’s economic growth. With a focus on providing a quality experience with excellent service, the Coach and Horses is well-placed to attract and retain a loyal customer base, whilst also appealing to those visiting the town. The investment in the site ensures the infrastructure is in place for continued success, making this a fantastic opportunity for the right licensee to make their mark in a growing, prosperous area.
Pub Layout
Upon entering the property, customers are welcomed through a covered entrance hall with seating, which provides access to the rear beer garden, the Stable Bar (outdoor bar) and the letting accommodation. The beer garden is a key feature of the business, offering a large outdoor trading space with a range of wooden benches, tables and chairs within a secure fenced area. Festoon lighting creates an attractive atmosphere in the evenings, while additional covered seating in the adjoining alleyway allows the space to be used throughout the year. The outdoor areas provide significant capacity and are a popular draw for both locals and visitors. To the right of the entrance is the main bar area. The galley-style bar sits at the heart of the room, adjacent to the hotel reception. A mixture of tiled and wooden flooring, together with bench seating, loose chairs and large windows overlooking the high street, creates a relaxed and welcoming environment. Opposite the bar are poseur tables and high stools, ideal for casual drinking. At the far end of the room is a dedicated games area with a pool table, darts board and gaming machine. Customer toilets are accessed from a small corridor leading off the bar. To the left of the entrance is a spacious lounge area with capacity for around 40 covers. This flexible space would suit dining, private functions or community events. The room is fitted with carpeted flooring, sofas, bench seating and loose furniture, providing a comfortable setting for customers. Large bifold doors open directly onto the high street, allowing the space to be opened up during warmer months. A separate snug area adjoins the lounge and could be used for private dining, meetings or small events and hosts its own ladies & gents toilets too.
The pub is currently trading strongly, with wet sales accounting for the majority of the turnover. Draught beers, wines and spirits perform particularly well, supported by a loyal customer base and a lively, welcoming atmosphere. Amusement machines continue to provide a steady secondary income stream, while the recently introduced sports area, featuring a pool table, has helped increase footfall and further strengthen bar sales. The business also benefits from several letting rooms, which generate reliable year-round income and see particularly high demand during key trading periods such as Christmas, Easter and the summer months. There is scope to further develop this aspect of the business through increased marketing and promotion. Although no food is currently offered, the pub has a fully equipped commercial kitchen in place. This presents an excellent opportunity for an incoming licensee to introduce a simple, quality food offering that complements the existing drinks-led business and helps drive additional revenue.
There is a separate flat to the top floor of the pub, providing accommodation for a Licensee or Chef.
The site also offers 6 en-suite letting rooms, all in excellent condition:
Room 1: Super King
Room 2: Standard King
Room 3: Standard King
Room 4: Standard King
Room 5: Small Double (Single Occupancy)
Room 6: Super King
Each room provides a high standard of comfort and is ideal for both short and long stays.
Weekly Rent: £932.69
Estimated Annual Turnover*: £810,901
Security Deposit: £12,125
Working Capital: £5,000
Stock: £8,000
Fixtures and Fittings: To be confirmed upon valuation – funding options may be 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.
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Weekly 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.
Estimated Annual Turnover*: The forecasted annual turnover is the assessed Fair Maintainable Turnover by a Reasonably Efficient Operator and is shown as net of VAT and excludes machine income.
Security Deposit – A security deposit is required when applying for a pub with Admiral. This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property. We will also carry out a credit check as part of your application, which may affect the deposit amount required.
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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £65.86 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 draft rating list for April 2026, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix *
We believe we do things differently to other pub companies. To us its quite simple – great pubs are run by great people, so we focus on ensuring we can empower you to run a successful pub business. Every licensee is different, and no two pubs are the same, so we carefully tailor the range of agreements, support and training packages we offer to give you all you need to run your own pub.
The first step is to call our recruitment team and have a chat with us. We’ll probably suggest you attend one of our recruitment events as nothing beats a face to face chat. It’s also a good idea to research the sort of pub you are interested in ahead of time, so you have a clear picture of the competition in the area and what the local community looks for in that pub.
In order to run a pub, you will need a personal license which regulates the sale of alcohol in a pub. This can be achieved through attending a one-day course, ending in a multiple-choice exam. Once you’ve passed the exam, you then need to apply to your local council, for your personal licence. Admiral can easily help you with this by offering a discounted rate. Finally, you will also need to complete PEAT training (Pre Entry Awareness Training), an online course which explains the leased and tenanted pub agreement you are about to take on.
Our default agreement is our 5 Year Tenancy Agreement with a range of support available to you throughout your agreement with Admiral. We also offer induction training, our 7 Steps to Sales Success course is a 2 day online course that will provide you with the knowledge to run a pub and get you off to a great start before you get started. In addition to this, we offer other training workshops on a wide range of topics such as Marketing, Social Media, Cellar Training along with online training including Food Hygiene, Health & Safety and lots of other related courses. There is simply training available for every subject. When you take on a pub with us, your Business Development Manager will discuss your training requirements with you and identify areas where you may benefit from additional support or training.
Rents are based on open market value, Fair Maintainable Trade (FMT) and the future trading potential of the premises. This entails an assessment of the turnover and profitability that a reasonably efficient operator would be expected to achieve, taking into account the optimum trading style for the premises and making reasonable allowances for costs. This will involve estimating the trading potential rather than just adopting the actual level of trade under the existing ownership. This method of valuation is known as “the Profits Method”.
We want to empower our licensees to get on with the day to day running of the pub, as well as giving you the knowledge that you can count on us for as much (or as little) support as you need. Our team are truly passionate about community pubs and we want to do as much as we can to help you run sustainable and profitable businesses. Our support includes but isn’t limited to the following: Commercial & Marketing Support, Food Team, Licensing, Property Help Desk, Investments, Machines and Training.
Our BDMs work hard to build strong working relationships with their licensees. Your BDM is there to help you develop your pub and can support you in many different ways. From guidance around products and pricing, planning events, marketing your pub and development and training, our BDMs are empowered to make quick decisions which will help you move forward with your business.
We are continually investing in our pubs. From transformational refurbishments to small improvements where it really counts, we run an active investment programme and are committed to improving our estate of pubs. We also are fully invested in working alongside our licensees during the investment process to bring their ideas to fruition.
Admiral operates under the tenanted and leased model whereby we as the pub company own the pub and agree to rent the premises to you via a lease or tenancy agreement. Most tenancies/leases include a negotiated supply agreement covering the purchase of all drinks categories and possibly a range of other goods and services (hence the phrase ‘tied’ pubs). The level of rent you agree to pay at your pub will be dependent upon the extent of your purchasing obligations. Our rent offers are based on a Full Tie, and hence reflects the lowest rent payable. For licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee. The prices you pay for drinks purchased from Admiral are likely to be different to those on the open market. When you take on the pub your BDM will discuss rent and the tie with you.
To enter into any tenancy agreement with Admiral, you will normally have to consider the following costs:
Personal Licence fee – This is the fee for obtaining your Personal Licence which you will require if you intend to be the Designated Premises Supervisor named on the premises licence.
Fixtures and Fittings (e.g. furniture, kitchen equipment, light
fittings, carpets etc) – These are usually valued on the day you enter the property. Whilst we prefer you to purchase the fixtures and fittings outright, there are occasions where we can provide alternative methods of purchase or may consider a rental agreement. Your BDM will discuss these options with you.
Deposit – The size of the deposit (or security bond) varies depending on the property and the commercial terms agreed but is normally the greater of a quarter’s rent or £5,000 and will be held for the duration of your agreement. In exceptional circumstances, we may allow you to pay a lower deposit and build this up over a time period.
Stock and glassware – These are purchased when you take over your pub, at an agreed valuation, from either the outgoing tenant or Admiral.
Working capital – The amount of working capital required (cash available) varies by pub, as each individual business requires different levels of funding. Your BDM will discuss this with you.
Pre Entry Awareness Training (PEAT) – This is mandatory training designed to raise awareness on the matters involved in operating a pub, from agreements, repairs and purchasing obligations. The cost of this course is £100 plus VAT.
Yes absolutely. We are always keen to encourage successful licensees to develop. Our BDMs work together with our licensees to achieve this and identify new opportunities. We also run training workshops to help you to gain the right skills, so you can take the step from running just one business to expanding with a second pub.
Admiral Taverns accept payment by Direct Debit or Open Banking (Pay by Link) only. Our Business Development Managers will discuss which method is most appropriate for you during the application process.
