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

Slide ‘RISING FROM LOCKDOWN' - GUIDING YOU THROUGH COVID RENT DISCOUNTS AVAILABLE OF UP TO 40% In accordance with our rent policy Admiral COVID-19 licensee support and Rent policy - Please click here (last updated November 5th)
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YOUR INVESTMENT

£8,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

Open FireCask AleFunction RoomLive MusicKitchenSports TeamsChildren Play AreaCar ParkBeer Garden
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Peacock

Huthwaite, NG17 2QW

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OR CALL 01244 321 171 FOR MORE DETAILS

The Peacock is located in the small village of Huthwaite, Nottinghamshire located west of Mansfield and close to the Derbyshire border. The pub sits prominently on the corner of the busy Chesterfield road leading to the access of the M1 corridor and surrounded by residential housing. Local amenities include Schools, Church, Supermarkets and local stores, and within walking distance to Brierly Forest Park housing the established Brierley Forest Golf Club.

Pub Layout

The outlet trades from one central bar, servicing two separate trading areas. On entering the pub, you walk into the lounge where you are welcomed with a real log fire and plenty of comfortable fixed and loose seating, all of which is in good order. The bar is split in the middle of the lounge and bar with the bar located to the rear of the pub and is home to the pool table and darts area. In this area there is also comfortable seating and can also be used as a function room for private parties. Externally, there is a car park to the left side for up to 12 cars, along with a Skittles Alley and an enclosed Children’s Play Area to the rear of the pub. To the front there is a lawned area with a number of picnic benches.

The Peacock prides itself by being in the heart of the community by promoting football on TV including BT Sports, catering for local sports teams and offering a wide range of entertainment. A small food offer is available at present but could be expanded on with a new menu and light bites offer. Catering for functions and private events are welcomed and would increase a further revenue stream.

Private Accommodation

The private accommodation is located on the first floor and consists of two bedrooms, living room, domestic kitchen and private bathroom.

Annual Rent: £17,000

Security Deposit: £5,000

Working Capital: £1,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Utilities (Gas and Electric): This pub is part of the Group Energy deal and you will therefore be required to purchase gas and electric supply through Admiral Taverns.  For more information on this, please speak with a member of our recruitment team.

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.

The Peacock would be suitable for a couple or individual licensee with a community pub background. However this would also be ideal for a first time tenancy. To engage with the local community and promoting live sports and entertainment will be key to keep the Peacock a success. Building on the small food offer and introducing a more substantial pub food menu would also benefit the pub.

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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