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Lodge, Dukinfield

Dukinfield, SK16 5JY

Your investment

£12,250

Agreement Type

Tenancy
The Lodge is a traditional end of terrace building ideally located one mile from the centre of Dukin...

The Lodge is a traditional end of terrace building positioned approximately one mile from the centre of Dukinfield, two miles from Hyde town centre and just over a mile from Stalybridge town centre. It is on a busy main road and is in a built up area mostly made of private housing – mixed terrace, semi detached with post war social housing also in the local area. The population of Dukinfield is circa 19,000, the majority of local residents are aged 18-64 (+12k) and these form the bulk of the Lodge customer base.

Pub Layout

The pub is a two sided operation with an attractive central bar serving both areas. You will find a lounge to one side with a mixture of modern fixed and lose seating in very good condition accommodating both diners and drinkers for up to 25 covers. The other side is made up of a vault games room housing a pool table, dart board and televisions for live sporting events. The fixtures and fittings in the vault is again a mixture of fixed and loose seating along with bar stools. There is a catering kitchen located adjacent to the lounge and the ladies and gents are both located on the lounge side but easily accessible from the vault games room. There is a small car park to the rear of the pub and a small external drinking area to the area that doubles up as a smoking solution.

The Lodge is a busy wet driven pub. The food to drink spilt is approx. 85 % wet to 15% food with room for the food offer to be developed on offering an additional income stream. The Lodge is a popular and well respected local community pub, it caters for all age groups and operates with excellent standards and has a team of great staff. There is a strong community feel with a selection of teams throughout the week including pool teams, darts teams and quiz teams.

Private Accommodation

The private accommodation is located on the first floor and is well appointed, consisting of three bedrooms, kitchen, lounge and a bathroom.

Annual Rent: £26,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £5,000

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.

This has been one of my best performing pubs for the last 3 / 4 years and it consistently trades well above average. It is a model community local and we’re looking to maintain the business as is. Ideally we’re looking for experienced operators that will fit in with both the customers and the existing staff and will continue to promote and drive the business with the fantastic retail standards. The Lodge is arguably one of Admiral’s best local community pubs in the North West.

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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