Queens Head, Tiverton

Admiral Taverns are seeking a licensee with the passion and know-how to run a warm, welcoming, and truly traditional wet-led pub in the heart of Devon. This charming venue is equally suited to first-time operators and seasoned professionals, but it calls for a genuine ‘mine host’, someone at the very heart of the community, while also offering a friendly welcome to visitors. The ideal licensee will deliver everything that makes a classic community pub thrive; a well-balanced drinks range, a lively and inclusive atmosphere, and a retail offer that draws people back time and again. From perfectly kept pints to irresistible bar snacks and creative back-bar food opportunities, you’ll have the scope to make the most of every asset this lovely pub has to offer.

The Queen’s Head is a welcoming and characterful Grade II-listed pub, perfectly positioned on Castle Street in the heart of Tiverton, Devon. Dating back to around 1850, the building retains its period charm with sash windows, a slate roof, and roughcast construction. Situated opposite the historic Tiverton Castle, the pub is surrounded by the town’s winding historic streets, independent shops, and key amenities including Tiverton Pannier Market and the local hospital. The pub is well-supported by a growing population aided by recent housing and service developments. Tiverton itself is a thriving market town of around 20,000 residents, with strong commuter links to Exeter via Train at the Parkway station, just over a ten minute walk away,. The pub is also easily connected to surrounding towns and cities via A361 and A396.

Pub Layout

The Queen’s Head is a single-bar operation with the servery directly opposite the main entrance, leading into a spacious, open-plan trading area. The ladies’ and gents’ toilets are located at the far end, accessible via a door to the attractive courtyard patio. Beside the bar, a doorway leads to the trade kitchen and stairs to the domestic accommodation, while the same-level cellar can be conveniently accessed from the courtyard. Externally, the courtyard garden is well presented with tables, benches, and parasols, and also provides access to two skittle alleys and a rear gate to the road, where parking is available.

This thriving wet-led pub serves a well-curated range of keg beers, complemented by an extensive spirits selection to suit all tastes. A choice of tempting bar snacks adds to the offer, attracting both loyal regulars and passing trade. Occasional live music brings an extra buzz, while the dedicated darts area and pool table serves the active sports teams. Skittles, darts and pool will ensure the pub remains a lively hub for social sport and friendly competition.

Private Accommodation

The private accommodation consists of two double bedrooms, one single bedroom, office, living room and bathroom. All very well presented, cosy and comfortable.

Annual Rent: £16,500

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £3,000

Stock: £2,500

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

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

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.

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

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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *