Mikado Pheasant, Kettering

The Mikado Pheasant is located in the densely populated area of Kettering, surrounded by local housing. Kettering is a market and industrial town and civil parish in the North of Northamptonshire. It is located 67 miles north of London and 15 miles north-east of Northampton.

Pub Layout

The Mikado Pheasant is made up of two distinctive trade areas. Upon entering via the main entrance you will find yourself in the main bar. Here you will find a mixture of fixed and loose seating, a one bar servery – well stocked, pool table and darts area. The Lounge/function room can be access via the main bar. Again with a mixture of fixed and loose seating with its own separate bar. Behind the main bar you will find a small food preparation area. To the right side of the pub is where the carpark is located and to the left there is a small external drinking area with benches.

Nestled in the heart of Kettering, The Mikado Pheasant is more than just a place to grab a drink – it’s a vibrant hub for locals and visitors alike.

Trading exclusively as a wet-only community pub, The Mikado Pheasant is beloved by residents in the immediate area. We believe with a good licensee and a welcoming atmosphere it can bring the neighbourhood together. The pub hosts weekly sports events such as pool and darts and has a good turn out from teams each week.

There is a large scope to develop the Mikado Pheasant into the ultimate community destination. The spacious outdoor area should be utilised for community events, from lively markets to summer barbecues. And upstairs, the versatile function room has potential to be well-used to host everything from special events to local workshops.

Private Accommodation

The private accommodation consists of three bedrooms, living room kitchen and bathroom.

Annual Rent: TBC

Security Deposit: £3,000 (Deposit build available)

Working Capital: £2,000

Stock: £3,000

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

Fixtures and Fittings: To be confirmed upon valuation –  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.

The Mikado Pheasant should be the go to community pub. The new licensee (s) should embed themselves within the community. To drive the sales and increase trade we envisage that pub should introduce live sports, a regular calendar of events such as live music, Karaoke, quiz’s etc….

There is no catering kitchen here but there is space to deliver a small back bar/handheld food offer – this would be a welcome addition.

We are seeking a licensee (s) who will attract business through various marketing tools including social media.  Ideally  the licensee (s) will be passionate about quality beers and ales and possess exceptional customer service and engagement skills along with fantastic standards that will be key.

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.  Please note, this only applies to pubs marked with an Asterix *