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Leopard, Tutbury

Tutbury, DE13 9NA

Your investment

£10,000

Agreement Type

Tenancy
  • Attractive Pub Internally and Externally With Great Kerbside Appeal
  • Opportunity to Introduce Handheld Food Offer
  • Zero Business Rates*

The Leopard began life as four cottages, after an ale house was established in the first of these cottages in 1870 – the other cottages over the years became part of the pub as they became available. A short walk away from Tutbury castle the pub is very attractive both internally and externally and has strong kerbside appeal sitting on the corner of Monk Street and Castlegate in Tutbury which is 1 mile from Hilton train station.

Tutbury is a village north of Burton Upon Trent and 20 miles south of the Derbyshire Peak District with a population of circa 3,100 residents and is surrounded by the agricultural countryside of both Staffordshire and Derbyshire.

Pub Layout

The entrance is located at the front of pub. Upon entering you walk into the main bar area. Although the pub is open plan the layout means there are in effect separate seating areas. The toilets, including disabled, are accessed directly from the main bar area together with access to a small drinking area to the rear and to the small kitchen. To the front of the pub there is a defined drinking area which has a pavement licence. This area is very popular and in itself serves as a great advertisement for the pub.

 

 

The Leopard currently trades as a wet only pub. The pub offers a great opportunity for either someone new to the trade or experienced. They will need to be ready to integrate into village life and have the vision to make the pub even more appealing through the introduction of a handheld food which will be popular with customers.

 

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Private Accommodation

The private accommodation consists of three bedrooms, Lounge, bathroom and a kitchen.

Annual Rent: £15,000

Security Deposit: £3,000

Working Capital: £3,500

Stock: £3,500

Business Rates: Nil

* 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.

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

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.

To establish the pub as the local community pub of choice with sports viewing, a programme of regular pub activities, affiliation with teams, regular entertainment and a handheld food offer.

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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