3+ Private Bedrooms
The Rampant Horse is a wet led community pub located on the Orchard Park Estate in the north west area of the city of Hull. Nestled in the heart of a large community housing estate the demographics show a population of more than 23k within a one mile radius. This is an exciting opportunity for either a new starter or an experienced operator.
The Rampant Horse is a traditional wet led community pub with two separate trading areas, including a large bar with ample fixed seating and a dedicated pool area large enough to house two tables. The lounge has a stage for live acts and could also be used for functions. To the front of the pub is a beer terrace and to the rear is a car park capable of parking up to 10 vehicles.
The Rampant Horse is a traditional community pub, with a well-stocked bar featuring a range of popular brands. There needs to be a strong focus on pub sports teams, live music and quiz nights ensuring there is a strong rhythm of the week. Given the size of the pub and the two separate areas it could easily lend its to functions and community events.
The Private accommodation consists of three bedrooms, lounge, bathroom and kitchen
Annual Rent: TBC
Security Deposit: £5,000
Working Capital: £2,000
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
The experience and qualities we consider desirable to run this venue include drive and enthusiasm, and ideally someone who is passionate about running a local community pub. An interest in sport would be beneficial, but more importantly the need to maintain good standards and deliver regular activity such as quiz/bingo, occasional karaoke and fund raising for the benefit of the local community is key to continuous success at this site.
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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