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Mariners Arms, Driffield

Driffield, YO25 6LR

Your investment

£10,000

Agreement Type

Tenancy
  • Fantastic location
  • Loyal customer base
  • Spacious external space

The Mariners Arms is situated in the picturesque farming town of Driffield. The busy Town offers a selection of shops, bars, café’s restaurants and Pubs. The Mariners Arms is located just a 5 minute walk from the town centre and enjoys a prime location in a busy housing estate. Driffield is know for farming and as such many of the local live stock’s events are held in the town as well as a weekly market. A total population of 7277 people live within a 1-mile drive time with the highest proportion of these being between the age of 25- to 44-year-olds. The largest segment profile falls to Comfortable Communities, with over 1178 people in this profile, this provides a good wealth of people to attract.

Pub Layout

The pub enjoys two large open plan areas, with one central bar serving both.  The Games room has been segmented to allow for daytime drinking and socialising and easily accommodate the pool/team sports. The lounge is decorated to a good standard and allows for meeting up and meeting friends to Quiz nights and potential to introduce live music. To the rear is the beer garden, this has a covered area for smokers and days when the weather is not ideal.  Many benches allow for summer garden parties and events like BBQ’s.

 

The pub currently operates in the value wet led segment, offering two cask ales which have proven to be very popular and shows opportunity to be developed further. There is a currently a good rhythm of the week in way of Quiz nights along with the current darts and Pool teams.  The introductions of live entertainment with bands and artists would be well supported at the Mariners.

 

Private Accommodation

The private accommodation comprises of: Three bedrooms, kitchen, bathroom and an office/ forth bedroom.

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

F&F: TBC – Funding options may be 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 is a local wet led pub that lies at the heart of the local community.  Champion to local causes and charities and fund raising will help drive this business. Enhanced offers with introduction of live entertainment, develop cask ales further and running Pool & Darts more often.  Look to add summer events like BBQ’s and Hog Roasts and with a large carpak live event held outside. Décor needs to be improved to make the inside feel warm, friendly and welcoming, this can be done with additional bric-a-brac.

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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