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Cross Guns, Pant

Pant, Oswestry, SY10 9QR

Your investment

£10,000

Agreement Type

Long Term Agreement (5 Year Tenancy)
  • Large pub in village location
  • Great outdoor space
  • £1000 trade credit towards first order

 

An excellent opportunity awaits the suitable licensee(s) to evolve and enhance this versatile and long-standing business. A robust skill set in managing both food operations and maintaining high retail standards is essential. Collaborating with the local community is vital to establish the pub as a focal point through engaging events and a compelling entertainment line up. Given the seasonal trading pattern, spanning from March to the October half term, maximising all revenue streams is crucial for propelling the business forward. This involves seamlessly catering to customer needs and maintaining a strong rapport with regular patrons.

The Cross Guns stands as a prominent landmark in the picturesque village of Pant, Oswestry, situated along the bustling A483 that connects Oswestry to Welshpool. Positioned on the Welsh border, this location enjoys a steady flow of visitors, ranging from tourists staying at local caravan parks to day trippers and other passing travellers. Pant, a quaint village with residential housing, is complemented by its proximity to essential amenities and the local school situated directly behind the pub.

Pub Layout

The Cross Guns is an expansive pub featuring a generous parking area and a striking contemporary beer garden at the front. Recently renovated in 2022, the pub is well-maintained and presents an inviting bar area. The presence of a real fire adds a warm and cosy ambiance, particularly on winter evenings. Additionally, a formal dining area is provided for those seeking a more refined experience. The establishment also offers entertainment options such as a pool table and televisions distributed throughout.

The pub operates as a sought-after food destination, enjoying regular patronage from the local community. The bar boasts an extensive selection, ranging from draught beverages and wines to spirits, coffee, and teas, catering to various preferences. Currently, the food offerings emphasize good value, featuring several promotional deals, including a popular Sunday lunch special. The pub actively engages with the community by hosting various events throughout the year, including weekly quiz nights and live music performances.

Private Accommodation

Located on the first floor, this compromises of:  Two bedrooms, living room, kitchen and bathroom all in good order.

Annual Rent: £24,000

Security Deposit: Initial deposit of £3,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greater

£1000 trade credit towards first order

Working Capital: £1,000

Stock: Wet & Food £6,000

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.

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 – 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 – £63.33 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 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 *


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