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Friar Tucks, Quedgeley

Quedgeley, Gloucester GL2 4PQ

Your investment

£20,000

Agreement Type

Tenancy

Quedgeley is a modern village suburb, three and a half miles southwest of the city of Gloucester and is the only town within the city. There are strong road and bus links with the city centre. The A38 runs through the centre of Quedgeley and acts as a dual carriageway linking Gloucester city centre and the M5 motorway.  With three main pubs in the town, a village hall, community centre, supermarkets and a variety of shops and takeaways, the Friar Tucks is situated in an ideal position for destination diners, local visitors as well as people wanting to explore Quedgeley, Gloucester and the surrounding areas.

Quedgeley is a modern village suburb, three and a half miles southwest of the city of Gloucester and is the only town within the city. There are strong road and bus links with the city centre. The A38 runs through the centre of Quedgeley and acts as a dual carriageway linking Gloucester city centre and the M5 motorway.  With three main pubs in the town, a village hall, community centre, supermarkets and a variety of shops and takeaways, the Friar Tucks is situated in an ideal position for destination diners, local visitors as well as people wanting to explore Quedgeley, Gloucester and the surrounding areas.

Pub Layout

As you approach the Friar Tucks, there is a small outside drinking terrace which could be suitable for al-fresco dining. On entrance through the front doors, you are greeted by a large central bar with trade space to both the left and the right forming an “L” shape floor plan.  On the left of the bar is a raised area which currently houses a pool table and drinking area, and just past this is another alcove that houses a large television for people to gather around and watch. Past this are both sets of toilets, entrance to the garden area and the lettings rooms. In front of and to the right of the bar are tables and chairs and to the far right another raised area. There is a large sized beer garden to the rear with plenty of space. There is also a car park adjacent to the pub on the other side of the road. The Friar Tucks also has seven en-suite letting rooms, all of which have recently had upgraded shower enclosures.

The Friar Tucks is a large one-room trading operation with a good sized catering kitchen. Currently the site trades as a wet only site with letting rooms since the pandemic, however going forwards, the food offer needs to be reintroduced to maximise the potential and compliment the lettings side of the business. The focus has been in getting people back out and feeling comfortable, showing sporting events, entertainment and just generally welcoming back the community after the lock downs. The Friar Tucks benefits from seven lettings rooms, all of which are en-suite, have recently had new shower enclosures and have been used as weekly lets as well as used by people wanting to visit Gloucester and the surrounding area. They have also been used for people staying over for the rugby. There is an external smoking area in the good sized back garden area.  The Friar Tucks is a community pub with a good range of draught and bottled beers, wines, spirits and soft drinks. Historically the Friar Tucks has also benefited from hosting pool and darts teams and serving home-made traditional food.

Private Accommodation

The private accommodation consists of two bedrooms, a bathroom, a lounge and a kitchen-diner.

Trade Accommodation

The trade accommodation consists of seven en-suite lettings rooms in good condition. All seven en-suite bathrooms have recently benefitted from renewed shower enclosures.

Annual Rent: £ 33,500

Security Deposit: £5,000

Working Capital: £10,000

Stock: £5,000

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.

Admiral Taverns are looking for a tenant with the passion, creativity and drive to push the Friar Tucks to new levels. Due to the diverse nature of this business, we would be looking for someone with experience handling multiple revenue streams who can not only handle the drink side of the business but the food and lettings rooms as well. The new tenant would need to have a plan as to how they would re-introduce the food offer, develop a more premium drink offer, re focus and re market the site with an eye to making it family friendly, continuing with and driving sport to a new level, developing the occupancy rate with the rooms and increasing the overall profile of the Friar Tucks. The beer garden to the rear of the property is not currently used to it’s full potential and we would love to hear your ideas on how you plan to develop the space for the future.

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.


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