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Robin, Smethwick

Smethwick, B66 3PZ

Your investment

£10,000

Agreement Type

Tenancy
  • Vibrant Location
  • Zero Business Rates*
  • 4 Bedroom Living Quarters

The Robin is a classic end of terrace community pub in the heart of the vibrant Cape Hill area of Birmingham. It sits in Suffrage street in close proximity to Smethwick`s busiest shopping area which includes the ASDA Superstore on Windmill Retail Park. Opposite is Victoria park and the centre of Smethwick. The area is vibrant with a diverse and broad spectrum of residents ranging from Students and younger people in rented accommodation to stable families in long term residence in private housing. The age range of 25 to 44 year olds is hugely above the national average within walking distance of the pub. Leisure Competition is high in the area in terms of numbers but all but a few are small independent food outlets rather than pubs.

Pub Layout

On entering the pub it has two rooms, a lounge to the right with fixed and loose seating in good condition with a bar servery and entertainment area, along with several TV screens.

To the left hand side is a traditional bar with pool table, Darts board and TV. The wooden harder finishes and servery give it a very traditional feel. Both bars can be served by one member of staff as they have access to both from the rear as they back onto one another. Toilets are found to the rear of the property along with a rear door which leads out to  a small paved drinking area for about 20 people with some cover. The pub has a kitchen to the rear but is not at present equipped for trading as no food has been served for some time. This could of course be reinstated by a new licensee at their cost should they wish to launch a food offer.

The Pub at present trades 100% wet with no food offered. The Customers are generally from the local community. Some people travel by taxi and public transport to join friends for weekend events. The pub has no teams at present, but the pool table is well used. Most days, the Robin has some kind of event, like play your cards right, bingo, Quiz, free pool and some live music. The pub opens seven days a week but only from late afternoon.

Private Accommodation

The private accommodation consists of four bedrooms, bathroom, living room and kitchen.

Annual Rent: £14’000

Security Deposit: £5,000 (Deposit Build Option Available)

Working Capital: £2,500

Stock: £2,500

Business Rates: Nil*

F&F: Funding options may be 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

* 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 pub should trade as a local community pub with teams and encourage families specially to use the outside area. They should hold some big outside events each summer and have a travelling pop up food offer at weekends in the summer. The creative use of the small galley kitchen to have a food offer is also key. Teams and sky sports would be a huge benefit. It should draw people out of Hinkley as it is a very short drive away and hold a prominent main road frontage.

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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