** REFURBISHMENT PLANNED **
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.
The pub is divided into a traditional two-room layout, served by a central bar. To the rear of the pub is a bar area with pool table and darts oche, TVs and seating for approximately 40 people. This room can also double as a function room if required. The separate lounge area to the front of the pub has a mix of fixed and loose upholstered seating, bar servery and large screen TVs. Externally to the rear the pub has a small car park, an outside seating area and covered smoking shelter.
The planned investment will include full interior and exterior refurbishment, including works to the outdoor seating areas and full rebranding to enhance the kerb appeal of the pub.
The planned refurbishment will give the pub a fresh new look, and provide 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 will 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.
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: £TBC
Security Deposit: £4,000
Working Capital: £2,000
F&F: TBC (Funding options available)
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 Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
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.
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