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Contact Us | Licensee Support Area | Privacy Notice | Modern Slavery Statement

Slide Admiral COVID-19 licensee support and Rent policy - Please click here (last updated June 8th) ‘RISING FROM LOCKDOWN' - RE-LAUNCHING YOUR PUB RENT DISCOUNTS AVAILABLE OF UP TO 40% In accordance with our rent policy A letter from our CEO to our licensees - September 24th 2020
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YOUR INVESTMENT

£10,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsCask AleLive MusicSports TeamsBeer Garden
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Nags Head

St Leonards on Sea, TN38 0ER

Please leave your details and our team will be in touch. * fields are required

OR CALL 01244 321 171 FOR MORE DETAILS

The Nags Head is located in the artisan area of St Leonards on Sea, a densely populated community some 300 metres from the grand parade and marina and within walking distance to the historic Hastings. St Leonards is a town and seaside resort in the Borough of Hastings in East Sussex with panoramic views of the English channel and the pub is a 5 minute walk to St Leonards Warrior Square train station for a suitable commute.

Pub Layout

The pub is a large three story building, and trading from one floor. On entrance you are greeted with a u-shaped central bar which services all the trading arears internally. The trade space consists of a large bar and lounge with a darts oche, pool table and televised screens for sports keeping with original décor and beams. At the rear is an enclosed beer garden that is welcomes by customers in the warmer months.

The pub is very popular with the local community and attracts visitors due to the town being a seaside resort. The pub trades as a drinks focussed operation with regular live entertainment. The pub has the opportunity to premiumise its offer and develop a small back bar food offering.

Private Accommodation

The private accommodation is extensive over two floors and comprises three bedrooms, a private kitchen, lounge and bathroom.

Annual Rent: £21,500

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3,000

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: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral are seeking a dynamic community focused operator, who will grow the business and drive beer volumes by reviewing and changing the current offer to reflect the pubs location. Additionally there is scope to develop a snack offer, although consideration has to be given to the lack of a kitchen and most food will have to be generated back of bar. We have the opportunity to premiumise the retail offer, introducing new draught products and also improving the environment with an investment to include externals visuals to improve the kerb appeal and internally consisting of interior decoration and toilets.

The premises may qualify for Small Business Rates Relief in which case the non-domestic rating liability may be nil subject to the ratepayer occupying only one property for the purposes of business.

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support

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