Located in Irtlingborough, the Leather Bottle sits in a residential area with plenty of houses surrounding the pub just outside the town centre. Irtlingborough sits on the River Nene just outside of Wellingborough, a market town in North Northamptonshire. With a population of 8900 Irthlingborough was initially the smallest town in England to have a football league team before the promotion of Forest Green Rovers in 2017. Surrounded by natural beauty with the Irthlingborough lakes & meadows owned by the Wildlife Trust and the numerous factories and logistics companies with a long history connected to Whitworths and Dr.Martens the town is used by commuters for employment via the direct routes on the A45 or the A6.
The trading area is all on the ground floor with an open plan style. As you enter the front door the toilets are to the left, entrance to the large garden is directly in front of you and the bar is on your right. There is a horseshoe shaped bar that accommodates the main bar area and pool room to the side which is open to viewing from the main bar area.
The pub has an outside bar and the kitchen is situated her also. The area in front of the bar and kitchen is covered so can be used 365 days a year. The garden area is large and can seat 60+ people
The Leather Bottle has historically been a drink focused pub; however it has been refurbished to a very high standard in the last 2 years and now has a kitchen and an outside bar. This has meant food has become an integral part of the offer. The pub has sports teams, live TV sports and regular entertainment to entice the locals and ensure it is at the hub of the community.
The private accommodation consists of three bedrooms, living room kitchen and bathroom.
Annual Rent: £22,000 (50% off headline rent for 12 weeks)
Security Deposit: £3,000 (Deposit build up to £5k)
Working Capital: £3,000
F&F: TBC – Funding options may be available for the right licensee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral Taverns are seeking a licensee who is a community focused operator who will attract business through various marketing tools including social media. Ideally the licensee would have experience of developing, maintaining, and marketing a high-quality food offer, be passionate about quality beers and ales and possess exceptional customer service and engagement skills along with fantastic standards that will be key in moving this already successful beautiful pub onto the next level as success will come from a range of activities such as quiz nights and live music which will mean that the licensee is ensuring regular custom throughout the week.
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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