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YOUR INVESTMENT

£9,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsFunction RoomLive MusicSports TeamsCar Park
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Drake

Bransholme, HU7 4HF

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OR CALL 01244 321 171 FOR MORE DETAILS

Bransholme is a large residential housing estate located to the north of Hull. Most of the property was built in the 60’s and 70’s and the population in the area now stands at almost 30,000. Demographics show that most of the area is made up of working class and skilled working-class people. The pub is in the central area of Bransholme and has a large car park and is also located on the main bus routes with a bus stop just outside the premises.

There are two major retail centers’ available within the area. These are North Point Shopping Centre, formerly and still locally known as Bransholme Centre, a location where several smaller shops can be found as well as a covered market, and Kingswood Retail Park, which is the site of several large major stores as well as an entertainment area including a multiscreen cinema, bowling alley and restaurants. There are 2 high school within the environs of Bransholme, these are fed by several primary schools.

Pub Layout

Externally there is a large car park to the left elevation of the building which also has one of the two entrances into the pub. The main bar is an open plan area zoned into a games area and lounge. The bar is serviced from one central servery and décor is bright and in good condition. The second entrance leads into a lobby where both ladies and gent’s toilets are accessed. These toilets have recently been refurbished to a good modern standard. The function room is also accessed from this lobby entrance and is a good-sized room capable of holding up to 100 people. The function room also has its own dedicated bar servery.

The Drake has recently had the benefit of a full toilet refurbishment, external decorations and new signage. The pub is drinks led at present which is home to sports teams including pool and darts and other activities includes occasional live music and quiz nights. The pub offers a function facility with a dedicated room and is popular for parties including christenings, birthdays and children’s birthday parties.

Private Accomodation

The large private accommodation consists of three bedrooms, lounge, kitchen and bathroom.

Annual Rent: £10,000

Security Deposit: £5,000

Working Capital: £3,000

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: £250 plus VAT

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

The ideal licensee would have some experience of running a community pub and must be prepared to work closely with the local community to ensure the pub remains a popular venue. An opportunity exists to introduce a small food offering and drive the business through effective marketing and promotional activity. Although experience is desired this pub would also be suitable for a new starter looking to enter the licensed trade.

Current opening times: Sun – Thurs 12.00 to 11.00, Fri – Sat 12.00 to 01.00

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

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