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Grapes, Stockport

Stockport, SK4 1LF

Your investment

£2,000

Agreement Type

Tenancy
  • Community focused pub.
  • Zero Business Rates.*
  • Large external drinking area.

The Grapes is a freestanding, community local pub located in a densely populated residential area, just a ten minute walk into the centre of Stockport with shops and amenities close by. Only a five minute drive to the M60, the main motorway orbiting Greater Manchester connecting to the M62, M63 and M66. Stockport is a large town and lies seven miles from the centre of Manchester and in the 2011 census the population of Stockport was 283,275 and is made up of approximately 51% females and 49% males.

Pub Layout

On entering the pub, you will find a sports area to the left side with a TV for the regulars who enjoy watching the horse racing, a pool table, darts board and loose seating, this area leads onto the ladies and gents toilets. To the right side of the pub is the lounge area featuring an open fire with comfortable, mixed and loose seating. Access to the beer garden is also from the right hand side of the pub. This large external area benefits from a significant amount of cover and has a mix of  furnishings. The pub trades from one ‘U’ shaped central bar that services all areas. To the front of the pub there is a car park for up to 6 cars

The Grapes is a wet led, community focused pub that has a focus on value drinks, offering a good variety of largers. The pub is home to pool teams and is a popular pub with horse racing fans. There is an opportunity to build on functions and entertainment, making this community pub into the place to be. Although there is no catering kitchen, there is an opportunity to introduce a small back bar catering offer, such as pies and pasties.

Private Accommodation

The private accommodation consists of: Three bedrooms, lounge, kitchen and bathroom.

 

 

Annual Rent: TBC.

Security Deposit: £1,000

Working Capital: £500

Stock: £500

F&F: TBC (Funding options may be available)

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 ideal licensee (s) will have strong links in the community and will have the skills to enhance the current offer and will look to develop the entertainment in the way of bingo, karaoke etc. They should cater for pub teams, family gatherings and televised sports, making this hub of the community.

 

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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