Shakespeare Inn

The Shakespeare is a large pub situated in a densely populated community with local amenities near by. The popular Brickfields sports centre is only a short walk away. Plymouth is a popular port city in Devon known for its maritime heritage which is popular with visiting tourists.

Pub Layout

On entry to the pub you are presented with a horseshoe shaped bar in the centre of the trading area, the internal decoration of the pub is traditional in style and is a mixture of fixed and ancillary furniture. To the rear of the bar there is space for a catering kitchen that has been used as such in the past, this will require some work to get back into operation. To the rear of the property there is a small courtyard that is utilised as a smoking area. There are letting rooms here, however there are some compliance works required and Admiral Taverns are investigating the feasibility of making these compliant in conjunction with local authorities.

Trading style for this pub is as a community local on a drink only basis, however as previously mentioned there may well be an opportunity for food at a later stage,.  There are also a number of darts teams that use the pub creating additional income for the pub on quieter evenings.

Accommodation

This pub has letting rooms and they are being let on a weekly basis to local contractors, this provides a healthy income for any potential licensee however as previously stated there are works to be made in order to make these rooms compliant with Fire Safety which is in the process of being addressed.

Annual Rent: £13,500

Security Deposit: £3,000

Working Capital: £2,000

Stock: £1,000

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.

I am looking for a an enthusiastic and passion local person that is well connected in the local community, they must be organised and have the ability to manage a pub with significant letting rooms and a busy bar.  They must express a clear marketing plan on how they will drive this business forward and also be able to demonstrate a digital marketing strategy.

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.