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The Junction Tavern is a detached building located on the edge of Derby city centre and is surrounded by residential housing. There are local businesses such as factories located close to the pub and the centre of Derby is only a five-minute drive. The M1 motorway is approximately ten miles away and is only a short distance to all busy ‘A’ roads.
The pub trades from one central bar located to the left side as you enter the pub that serves all areas of the pub consisting of wooden flooring and fixed seating for up to 25 covers. The condition of the pub is excellent with fixtures and fittings all in good condition. There is a darts area to the right side of the pub and the corridor leading to the ladies and gents toilets is located to the rear which also leads onto an excellent beer garden with four benches. Although there is no car parking, there is plenty of street parking close by.
A great opportunity as approval has been granted for some minor refurbishment / capex works to the pub.
The Junction Inn is a traditional community pub that has excellent support from the locals and is well established within the community. The pub benefits from having darts teams and offers a wide selection of entertainment from karaoke to quiz nights. Sky Sports and BT Sport is also shown in the pub and Admiral Taverns have an offer in place with all of its pubs to obtain 30% discount through Molson Coors and Sky.
The private accommodation consists of two bedrooms, lounge, kitchen and bathroom all in reasonable decorative order.
Annual Rent: £12,500
Security Deposit: £1,000
Working Capital: £1,000
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 Junction Tavern is an excellent starter pub for an individual or couple who are looking to progress forward within the hospitality industry. There are many opportunities to re-establish mid-week sales through sports teams and entertainment. To assist you with this, you will be fully supported throughout your journey by myself and through our Business Support Agreement.
The premises may qualify for Small Business Rates Relief in which case the non-domestic rating liability may be nil subject to the ratepayer occupying only one property for the purposes of business.
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.