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Railway Inn, Hatton

Hatton, DE65 5DW

Your investment

£7,000

Agreement Type

Tenancy
  • Low Ingoing Costs
  • Zero Business Rates*
  • Recently Refurbed

Hatton is a village and civil parish in South Derbyshire, England. It is located 6 km north of Burton upon Trent, 20 km west of Derby and 40 km east of Stoke-on-Trent. The village benefits from a railway station that is served by cross country trains as well as local buses to Derby and Burton on Trent. Both these transport methods are used by cask ale beer hunters, using “day rover” style tickets. The next village, Tutbury, which is a 5 min walk away has Tutbury Castle, one of the prisons of Mary Queen of Scots and there are many events held at Tutbury that draw in tourists to the areas.

Pub Layout

There are two distinct trading areas in the pub which is extremely well presented and has a warm atmosphere. A pool table and darts board are key attractions but the best kept secret is the external area to the rear which has been developed into a wonderful area for drinkers and families and the layout lends itself to live music as well. One area of the pub lends itself to occasional use as a function room.

 

 

This site offers a great opportunity for either someone new to the trade or an experienced operator. They will need to be ready and willing to integrate into village life and have the vision to make the pub even more appealing through an expansion of the current offer to include a handheld food offer and ensure that the pub plays a role in the local community. Cask Ales sell well at this pub and with a regular calendar of entertainment and music will ensure strong weekly sales.

 

Private Accommodation

The private accommodation consists of three bedrooms, sitting room, bathroom and a kitchen.

Annual Rent: £13000 (Introductory Rent Available)

Security Deposit: £3k

Working Capital: £2k

Stock: £2k

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.

This pub is ideal both as a first pub or for an experienced operator. Applicants must have a clear understanding of local communities and what is required to establish this pub as a real favourite locally because of the regular programme of entertainment and pub activities. The new licensee should look to introduce a handheld food offer and fully promote all the key attributes of the pub so that it is more attractive to a wider part of the local community and visitors to the area

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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