Rose Cottage, Matlock Bath

Nestled along the A6, Matlock Bath lies 12 miles south of Chesterfield, 20 miles north of Derby, and 56 miles northeast of Bakewell. Embraced by stunning countryside, it captivates visitors from Derbyshire and beyond. Amidst the allure of this tourist hotspot, it boasts a cherished local pub housed within an appealing stone-built structure, portions of which date back to the 17th century.

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 opportunity is ideal for newcomers to the trade or seasoned operators alike. The successful candidate should be prepared to immerse themselves in village life and possess the foresight to uphold and enhance the pub’s standing as a sought-after destination. Renowned for its quality cask ale, the pub holds esteemed Cask Marque accreditation. Expanding the food aspect presents a significant avenue for increasing sales and driving further growth.

Private Accommodation

This consist of 1 bedroom, lounge and bathroom

Annual Rent: £24,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,000

Fixtures and Fittings: To be confirmed upon valuation –  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

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.  Please note, this only applies to pubs marked with an Asterix *