Back to Search results

Rose Cottage, Matlock Bath

Matlock Bath, DE4 3NS

Your investment

£10,500

Agreement Type

Tenancy
  • Established Business
  • £100 Per Week Start Up Rent
  • Great Location

Matlock Bath is located on the A6, 12 miles from Chesterfield, 20 miles from Derby and 56 miles from Bakewell. Surrounded by beautiful countryside, Matlock Bath is a haven for visitors both within Derbyshire but also from much further afield in the UK. Although it sits in the heart of this tourist village, it is also a popular local pub and being stone built and in part built in the 17 century, a very attractive building.

Pub Layout

Upon entering the Rose Cottage you will be fronted with a staircase that leads up to the toilets and the trade kitchen. To the left there is a cosy seating area with log burner, carry on through this room and you will find an additional sung area with all loose seating. To the right you will enter another cosy bar area with a combination of fixed and loose seating again with the added bonus of a log burner. The dumb waiter is located behind the bar. Through this room there is a further snug area with loose seating. Externally there is the seating area to the front of the pub.

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 maintain but also expand this pubs reputation as one that potential visitors would seek out. With a focus on cask ale, the pub has a great reputation, enhance by Cask Marque accreditation. There is an opportunity to grow sales further with the food side of the business representing a key opportunity.

Private Accommodation

This consists of 1 bedroom, lounge and bathroom.

 

Annual Rent: £24,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,000

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.

The new Licensee should look to maintain the current retail offer, strengthening the marketing of the pub to ensure further growth and further develop on the food side of the business.

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.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.