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Cricketers, Chessington

Chessington, KT9 1NQ

Your investment

£11,000

Agreement Type

Tenancy
  • Well-supported, community venue
  • Zero* Business Rates
  • Scope to introduce small food offering

The Cricketers is a traditional style pub located on Clayton Road, Chessington. The pub is very close to the Chessington shopping parade with excellent transport links with the main A3 arterial road within one mile. The local area is densely populated, surrounded by residential housing and amenities including schools, playing fields and supermarkets, with several sporting attractions within walking distance including Hook & Southborough Cricket Club & Kingston Rugby Club. Chessington World of Adventure and several Business Parks are within five minutes drive.

Pub Layout

The pub is a large detached property with a forecourt to the front elevation and beer garden to the side. There is a car park to the rear for approximately ten cars. The building is in good condition having benefited from a full refurbishment in late 2018. The trade area consists of a central bar servery with an open plan drinking area to the front and sides of the bar with a mixture of loose and fixed seating. The pool area and other pub games are located to the left of the bar servery.

The current offer is drinks focused with live sports and teams (mainly pool) playing from the Cricketers. The pub is family friendly with a premium agenda with world beers, premium wines and spirits all being key features of the drinks range. Although there is no catering kitchen there is huge potential to drive further income with bar snacks/ light bite offer to compliment live sports and and teams.

Private Accommodation

The private accommodation is in good condition following recent refurbishment works and is situated on the first floor, consisting of three bedrooms, lounge, kitchen, bathroom and a separate reception room (which could be used as a fourth bedroom). This can be accessed through the bar entrance and also via an external entrance.

Annual Rent: £18,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £3,000

Business Rates: £Nil*

F&F: TBC – 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.

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

The Cricketers benefited from a transformational investment scheme in late summer 2018, which enhanced the external appearance giving the pub much improved kerb appeal and internally the décor, lighting, flooring and fixture & fittings were improved. Trade areas were zonalised to deliver a high quality drinks focused community pub. In addition the external beer garden and rear of the property were also upgraded. Our licensee has also contributed to the pub by funding some additional works to the site to improve and better the trade areas further and they have been working hard to make the pub an integral part of the community which they have been very successful at until their personal circumstances have changed causing notice to be given.

There is a good core business that can be built on with events and pub teams that appeal to locals and regulars and the surrounding residents. We believe that with an enthusiastic and energetic community focused licensee, the plan could be brought to life and they would be able to grow the business, going from strength to strength.

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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