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The Quays is well situated close to the large shopping area in Darlington and is within close proximity to the busy bus terminus. Darlington is a market town located in the North East and is famous as the terminus of the world’s first passenger railway. Darlington has excellent road transport links with the North East’s major trunk route the A1.
The pub was refurbished in August 2017 and as such is in great condition. The outlet trades as a one room operation served from a single bar. The catering kitchen and services are on the first floor. The trade rooms are in very good condition and the frontage of the pub is well appointed to attract footfall.
The Quays has an established food following which ensures the pub trades well throughout the day although the trade reduces during the evening. The area is very busy and the outlet is well placed on the night time circuit of the town. Admiral Taverns are looking for a proven licensee who has the skills and drive to further develop the food offer whilst concentrating on the drink side of the business where a focus on the cask / craft ale range needs to be a priority along with the established live music following.
The private accommodation is located on the first floor and comprises of two bedrooms, lounge, kitchen and bathroom all in good decorative order.
Annual Rent: £24,000
Security Deposit: £3,000
Working Capital: £2,000
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.
This is an exciting opportunity for a progressive entrepreneurial style operator to take this town centre pub and build on the multi point trading nature of the site. The outlet requires someone who has the drive and motivation to develop the site through the early part of the week and who has the skills and personality to attract custom to the outlet.
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.