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Elmtree Tavern, Peterborough

Peterborough, PE1 4EZ

Your investment

£13,000

Agreement Type

Tenancy

The Elm Tree Tavern is a detached pub set in the hearrt of Dogsthorpe, a residential area of Peterborough, Cambridgeshire. The pub sits prominently on a main road surrounded by housing, with local ameniteis including shops, primary schools, church and playing fields all nearby. The pub benefits from lots of pool and darts teams and is very popular as a function venue for birthdays and celebrations. The town centre is just a ten minute walk away which you will find popular high street shops as well as local amenities. Peterborough has a population of approximately 206,000 and is the largest city in Cambridgeshire.

The Elm Tree Tavern is a detached pub set in the heart of Dogsthorpe, a residential area of Peterborough, Cambridgeshire. The pub sits prominently on a main road surrounded by housing, with local amenities including shops, primary schools, church and playing fields all nearby. The pub benefits from lots of pool and darts teams and is very popular as a function venue for birthdays and celebrations. The town centre is just a ten minute walk away which you will find popular high street shops, the regional shopping centre and the historic market square Peterborough has a population of approximately 206,000 and is the largest city in Cambridgeshire. Several large housing developments means that this is set to increase further

Pub Layout

There are separate doors for the bar and function room on entering the pub. When entering the bar  you are greeted by a bar directly in front of you with seating to the right and the darts and pool area’s, there are toilets to the rear and double patio doors out into the courtyard area which also has a gate to either side allowing access from the car park and to the lawned beer garden. The Function room has a raised seating areas to the side and rear allowing for a dance floor in the middle, this can be accessed from the bar or its own seperate door for private functions.

Trading Style

A drinks focused pub hosting several sports teams including Pool and Darts. The Pub has a well equipped kitchen and a separate function room that could be used for a carvery type operation or as a dining area, currently this has not been explored to its fullest extent. A courtyard garden to the rear of the main bar can be used for BBQ’s and community style events and there is also a grassed garden to the side of the function room.

Private Accommodation

The private accomodation is located on the first floor and consits of three bedrooms, lounge, kitchen and bathroom all in good decorative order.

Annual Rent: £29,500

Security Deposit: £5,000

Working Capital: £4,000

Stock: £4,000

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 Elmtree Tavern is a great community pub set in the heart of Dogsthorpe in the middle of Peterborough.  The ingoing Tenant should have the experience to capitalize on the trade from the sports teams and function room , whilst maintaining the community feel and activities associated with this pub. The pub has the potential to drive sales from being the hub of this area with comparatively little competition and make use of the kitchen. The pub also benefits from entertainment and events so knowledge of this would be advantageous Admiral Taverns are seeking to complete a large investment project with the right Tenants and Business Plan. Pictures of these are included in the pack that would make the Elmtree the best pub in the area. We are looking for someone to be able to match this ambition

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.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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 – 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 – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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