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Gate Ratcliffe, Atherstone

Atherstone, CV93NY

Your investment

£13,000

Agreement Type

Tenancy
  • Main Road Location
  • Great Food Opportunity
  • *No Business Rates

The Gate pub is situated in the affluent hamlet of Ratcliffe Culey in the county of Leicestershire near the county border of Warwickshire. Local amenities include a traditional post office, church and caravan parks. A lifestyle community with beautiful countryside and rolling hills. As the pub is situated on the main road it offers transport links to the A5 from Tamworth, Atherstone to Hinkley with ease of access to the M42.

Pub Layout

On entering the premises, you are greeted by a large bar servery for all main trading areas. On the left of the bar you have access to the large beer garden along with the well-equipped catering kitchen. On the right of the bar is access to ladies and gentlemen’s toilets. The main trading area is recently decorated throughout and fully furnished with a mixture of fixed and loose seating, and houses an open fire creating a welcoming and warm ambience. The pub can cater for fifty plus covers. Externally the beer garden is part lawned and part patioed which has a covered area to use throughout the seasons with a white picket fence surrounding. A car park is located at the side of the garden with housing for up to sixteen vehicles along with on-street parking.

The Gate trades as 60% drinks focused with 40% food sales, the pub has the opportunity to develop the food offering making it the go to destination food pub with alfresco dining along with preimmunizing the range of drinks products. The pub is well supported by the local community, walkers, ramblers and visitors to the area. Locally sources produce would be well received with weekend specials ensuring a quality offer.

Private Accommodation

The private accommodation, which is located on the first floor consists of three bedrooms, lounge, family bathroom and kitchen.

Annual Rent: £15,000

Security Deposit: £5,000

Working Capital: £5,000

Stock: £3,000

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

* 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.

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

The Gate is a fantastic opportunity, Admiral Taverns are looking for a licensee(s) who will become part of the community and attract both regular customers but also capitalize on changes to a more premium offer and become known further afield for its good food offer. The garden, which a key asset for the pub with an opportunity to explore al-fresco dining.

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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