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Railway Inn, Leamington Spa

Leamington Spa, CV31 2DL

Your investment

£7,000

Agreement Type

Tenancy
  • Huge scope to increase trade.
  • Town centre location with outside space.
  • Low ingoing cost and initial start up rent available.

The Railway Inn pub is situated in the town of Leamington Spa and resides within walking distance to the main train station of Leamington Spa just 300m away. This is a traditional two bar pub with a rear courtyard . The pub stands on Clemens street in the market town of Leamington surrounded by secondary shops and housing. A good spot for the locals to unwind, relax and enjoy. Admiral taverns invested in this gem of a pub in 2019 with a new signage scheme and a complete new décor.

Pub Layout

The Railway Inn is a traditional two bar operation with outdoor seating in the courtyard to the rear of the property. The pub is in great condition new décor that gives the pub a fresh and light feel, we also invested in a vibrant and eclectic mix of furnishing throughout . Externally there is a quaint enclosed courtyard which is utilised all year round.

The Pub has a well stocked bar with a vast range of products including cask ales, premium larger and market trend spirits. A strong entertainment programme is a must for this great pub , including teams sports, Sky Tv and community nights such as quiz evenings. Music has previously been popular and the new tenant would look to continue this. A strong Marketing plan is essential to draw in passing day time trade as well as capturing the evening drinkers with an entertainment programme and team sports.

 

Private Accommodation

There is a large private accommodation located above the pub consisting of three bedrooms, separate bathroom and toilet, kitchen and a large lounge.

Annual Rent: £22,000 (additional support available)

Security Deposit: £3,000

Working Capital: £3,000

Stock: £1,000

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: £325 plus VAT

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

A traditional vertical drinking wet led pub serving fine cask ales, world beers, good wine and both quality and premium spirits. A good quality local with the opportunity to grow business by engaging with locals and visitors alike. Located within walking distance to the train station and also a student town, we would like the new licensee to attract a range of visitors and appeal to the wider community. We would encourage the very highest of retail standards and alongside investment we feel this pub has a great future.

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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