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Dewdrop Inn, Hathern

Loughborough, LE12 5HY

Your investment

£6,000

Agreement Type

Tenancy
  • Start up rent available
  • Great traditional cask ale pub
  • Scope to develop the food offer

The Dewdrop is double fronted detached building that sits on the busy main road through Hathern a small urban area with a Village feel. The pub is well own in the area and is surrounded by a mix of houses, retail and industrial premises. The pub was built during the early part of last century and has a wealth of original features both inside and out.

Pub Layout

There are two bars – one main lounge-type with a smaller “snug” both served by one core service area. There is a rear room used for darts, and could at a push be used for a pool table. Externally there is a rear courtyard that is enclosed by a high red brick wall with a covered smoking area, a number of parking spaces to the front. Both ladies and gents toilets are still in their original 1920’s fittings and tiles and are in very good condition.  There pub as expected has traditional style decor with both fixed and loose seating. The bar has been mentioned by CAMRA of historical interest.

The Pub currently offers a good selection of cask ales and traditional beers, catering for all ages. There is a small homecooked offering from the current tenants which has been well received and sound be continued . The pub is very much well supported by the local community , there is a darts team which play regularly at both home and and away events. There is monthly live acoustic acts and regular board game times.  There is is an opportunity to introduce sky & BT sports bring an additional income stream to the business.

 

Private Accommodation

Private Accommodation consists of a good-sized flat with three bedrooms, bathroom and a lounge to the rear.

Annual Rent: £14,000

Security Deposit: £3,000

Working Capital: £2,000

Stock: £1,000

Fixtures and Fittings: Upon Valuation  – funding options 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.

This is a great pub that needs a great operator with a passion to continue to offer a good range of cask ales and the ability to launch a traditional homecooked food offer. This is a well established business which is integrated within the local community and this should be continued.

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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