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Railway, Halmerend

Halmerend, ST7 8AG

Your investment

£7,500

Agreement Type

Tenancy
  • Great Opportunity For Food
  • Zero Business Rates*
  • Turn Key Operation

The Railway is ideally located on High Street, Halmer End. Halmer End is a small village in the Borough of Newcastle-under-Lyme in Staffordshire, neighbouring the small hamlet of Alsagers Bank and the larger village of Audley. Located opposite a school and surrounded by chimney posts there is plenty of footfall in the area. The Minnie Pit Heritage site is also close by.

Pub Layout

The Railway is a two room operation. Upon entering, to the right you will find the bar  which has a mixture of fixed and loose seating, Games Machine, TV, can seat up to 30 people and boasts one of the pubs two open fires. To the left you will find the lounge which again contains a mixture of fixed and loose seating for up to 30 covers, an ideal area for dining with the second open fire.

Both rooms are serviced by one central bar. The fully equipped catering kitchen is located behind the bar & lounge and can be accessed via either. There is also a large corridor area which is currently used as a shop but our vision would be to put this back to a games room. We are planning to carry out a SPARKLE investment to both rooms.

To the front of the pub there is a small external paved area and to the rear is the carpark which facilitates approx. 9 vehicles.

 

The Railway currently trades as a community pub with a small Oat Cake food offer. In line with a true community pub the Railway has pub teams ,offers both Sky & BT Sport as well as the occasional entertainment.

Private Accommodation

The private accommodation consisits of three bedrooms, a lounge, kitchen and bathroom.

Annual Rent: £19,500

Security Deposit: £3,000

Working Capital: £1,000

Stock: £3,000

Business Rates: Nil

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

* 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.

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

The Railway  is a great local community pub perfect for someone who may be local to the area and able to promote local events/activities making the pub the hub of the community. The kitchen provides the opportunity to push food sales making it the place to meet. Cask ale knowledge could be used in pushing these sales and making it the best in the area. With the aim of turning the shop back into a games room give a bigger opportunity for pub teams to play from the Railway.

We are planning to re-decorate both the lounge and bar area as part of our Sparkle investment. There are also plans to convert the current shop within the pub back into a games room complete with Pool Table.

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.


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