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Cumberland, Sheffield

Sheffield, S20 1EE

Your investment

£9,000

Agreement Type

Tenancy
  • Full refurbishment planned.
  • Zero business rates.*
  • Flexible ingoings.

The Cumberland is an end of terrace wet-led community pub situated on a main road in the centre of Beighton, a large housing estate 6 miles south-east of Sheffield. The Crystal Peaks shopping centre which boasts a host of leading retail brands is one mile away, and the pub is surrounded by densely populated residential areas giving an excellent catchment area. heffield has a population of 556,500 at the 2021 census, making it the second largest city in the Yorkshire and Humber region. Sheffield is linked into the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London to the south and Leeds to the north; the M18 branches from the M1 close to Sheffield, linking the city with Doncaster and the Humber ports. he major station serving the city, Sheffield station, is on the south-eastern edge of the city centre. There is another major rail station at Meadowhall and four smaller suburban stations at Chapeltown, Darnell & Totley and Woodhouse. Passenger rail services through Sheffield are provided by CrossCountry, East Midlands Railway, Northern and TransPennine Express.

Pub Layout

Upon entering the pub, visitors are greeted with the welcoming atmosphere the Cumberland has to offer. The traditional two-room layout immediately divides their attention. To the rear, a lively atmosphere emanates from the bar area. This space is the heart of the pub’s social hub, where locals and visitors alike gather for a memorable time offering several pool tables and darts oche. TVs are strategically mounted on the walls ensuring no one misses a moment of the latest sports events. Around the perimeter of the room, seating for approximately 40 people awaits. The seats are a mix of sturdy wooden chairs and plush bar stools, providing options for comfort and casualness, tables are scattered throughout, offering ample space for drinks and lively discussions. Externally to the rear the pub has a small car park, an outside seating area and covered smoking shelter.

 

The Cumberland provides a relaxed, comfortable space for the local community to socialise. Pub games and live sports coverage along with a varied entertainment programme and support of community events encourage a strong regular trade from the surrounding area, and there may be an opportunity to introduce a simple back-bar food offer using Admiral’s third party suppliers.

Private Accommodation

The private accommodation is located to the first floor and consists of two bedrooms, living room, kitchen and bathroom. The accommodation is in good condition and is accessible both from the back bar area and a separate entrance at the side of the building.

Annual Rent: £10,000

Security Deposit: £4,000

Working Capital: £2,000

Stock: £3,000

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.

Training: £325 plus VAT

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

The Cumberland needs an experienced licensee (s) who can build a good rapport with the regulars and engage with the wider community to develop the trade further. The competition is made up of six large managed food houses and only one other wet-led pub, so the opportunity here is to be the first choice for locals to enjoy a drink without the interruption of food being served around them.

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.  Please note, this only applies to pubs marked with an Asterix *


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