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Harry Hotspur

Shrewsbury, SY1 3AT

Your investment

£10,000

Agreement Type

Tenancy

The Harry Hotspur sits on the outskirts of Shrewsbury Town Centre, in a prominent neighbourhood location with easy access roads in and out of Shrewsbury. The Harry sits between the Harlscott residential estate that sits behind the pub and the industrial retail estate at the front of the pub. The railway station is situated in Shrewsbury town itself, and the Harry Hotspur is located just 2 miles out of the centre of town with good link roads available. 

The Harry Hotspur sits on the outskirts of Shrewsbury Town Centre, in a prominent neighbourhood location with easy access roads in and out of Shrewsbury. The Harry sits between the Harlscott residential estate that sits behind the pub and the industrial retail estate at the front of the pub. The railway station is situated in Shrewsbury town itself, and the Harry Hotspur is located just 2 miles out of the centre of town with good link roads available.

Pub Layout

The pub has one long bar with a commercial kitchen hidden to the side. The option to serve roughly 40 covers. Pool team and darts team help to bring further trade to midweek. The pub company are looking to invest in the pub, and they have a scheme in place to improve the outdoor trade area, by having a front garden aspect with seating and a covered sports screening. There is an option of having a children’s play area to the side.

This has been operated as an oriental food business in the past. We believe that the Harry Hotspur should become a sports bar, wet-led community pub. We want to help make the Harry Hotspur the best sports bar in town.  Although this pub should be traded as a wet-led business, there is a commercial kitchen, and if food was offered as part of the sports theme, they would recommend, easy, quick food, such as burgers and fries, hotdogs, pizza. With the investment planned, there is huge potential to drive some really strong beer volumes from this pub.

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £1,000

Stock: £2,000

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

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

 

Admiral Taverns are looking for a strong operator, ideally with previous experience running sports pubs, with sports TV and Sports Teams. You will know how to drive growth and you will be in tune with what customers want and expect in today’s market. Someone with food experience is preferred, but more importantly a strong well-seasoned operator who sees customer service and retail standards as the driver of sales and profits.  This pub will go through a transition of change, and the pub company will invest to get the pub proposition right, in return, they are looking for someone who has some financial backing so that the full potential from this pub can be realised.

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 – £28.01 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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