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Slide Admiral COVID-19 licensee support and Rent policy - Please click here (last updated September 25th) ‘RISING FROM LOCKDOWN' - GUIDING YOU THROUGH COVID RENT DISCOUNTS AVAILABLE OF UP TO 40% In accordance with our rent policy A letter from our CEO to our licensees - September 24th 2020
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YOUR INVESTMENT

£10,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsCask AleLive MusicKitchenBeer Garden
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Samuel Pepys

Huntingdon, PE29 3TF

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OR CALL 01244 321 171 FOR MORE DETAILS

Samuel Pepys is a fantastic, deceptively large, terraced pub situated within a 3 minute walk from the centre of Huntingdon. Huntingdon is home to many local businesses, including Huntingdon Racecourse and Hinchingbrooke Business Park which has many offices and warehouses located in it. The town lies on the north bank of the River Great Ouse, opposite Godmanchester and close to the market town of St Ives in the east and the village of Brampton in the west. The street that Samuel Pepys sits on is a mixture of commercial properties, with hair dressers, restaurants and some residential houses. Behind the pub is mainly a large residential area of privately owned properties. Huntingdon is an old market town situated between Peterborough and Cambridge and is used by many as a commuter town as the station has good links into Cambridge and London.

Pub Layout

The pub has a large split level bar area with balustrading to section off service areas, loose furnishings are used to create casual dining areas and also comfy sofas for a more relaxed experience. There is also a large garden to the rear which is fully paved and has a purpose built area for BBQ’s or beer festivals along with some covered area’s that can be used all year round for alfresco dining and drinking.

The pub runs 80% drink and 20% food with a well-equipped commercial kitchen. The food offer is popular and could be capitalised through improving the offering and bringing fresh ideas into the pub. There is also an opportunity to differentiate the pub through a better Cask Ale range and also some premiumisation of the current range of Lagers and Ciders.

Private Accommodation

The private accommodation which is located on the first floor and can be accessed through the main bar. This comprises of three large double bedrooms with a family bathroom, a kitchen and large lounge.

Annual Rent: £29,500 – stepped rent available 

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

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: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral Taverns are looking for someone who will become part of the community and attract both regular customers but also be able to capitalise on gaining new custom through changes in the bar range and also food menu. There is the opportunity of an investment in the pub with the right licensee so a full understanding of the pub industry is a must.

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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