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Sheppey, Maltby

Maltby, S66 7DN

Your investment

£11,500

Agreement Type

Tenancy
  • Great location on a busy main road.
  • Zero business rates.
  • Great outside space with added benefit of the only young children’s playframe in the village.

 

The Sheppey is a popular community pub on the edge of the village of Maltby on the busy Grange Lane, with easy links to Doncaster, Rotherham and Bawtry. The pub is ideally located on the edge of a residential area, with new housing estates being built within a short walk. The population within a 5 mile radius is 116,000 and 14,000 people across all age ranges within one mile of the pub, and local shops and amenities are only a short walk away.  Maltby has easy motorway links to M18, M1 and A1 and is a busy village.

 

Pub Layout

The pub is a traditional two-room layout with a lounge to front of building and large room to the rear, both accessed through the main front entrance lobby and both with their own well-stocked bar serveries. The lounge is to the right of the pub and features a mix of fixed and loose seating, well decorated to a contemporary spec very welcoming and relaxing to either have food or just meet friends for a drink.

The larger room to the rear of the property has scope for a number of uses, from showing live sport, holding live entertainment, private function room etc… and features pool table and darts, along with a mix of fixed and loose seating. The commercial kitchen is small and located back of house behind both bars alongside the cellar and currently produces a quality handheld food menu, but has potential to offer a Sunday carvery. Internally there are approx. 100+ covers between both rooms, along with an additional 50+ covers outside.

Externally to the front and one side of the pub is a grassed and decked drinking area, a great large space that could hold events throughout the year. To the rear and one side of building is a large carpark for approx. 24+ cars, again resulting in flexible space that can be used for events such as car boot sales.

The standards in all areas have been kept very high by the current Tenants.

 

The pub currently operates on an approximate 70:30 wet/dry trading split, with food offered most evenings throughout the week and weekends. The local community provides an established day-to-day trade, with the opportunity to development the large rear room into a more inviting space to show sport and hold events. The layout of the pub would support the introduction of pub sports teams, and either room can be used for functions depending on the size of room required. The garden and decked areas can also provide a boost to income throughout the warmer months

 

Private Accommodation

The private accommodation on the first floor is in good order and of a comfortable size for a family, and comprises of three double bedrooms (one currently being used as an office), large lounge, kitchen and bathroom.

 

Annual Rent: £17,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £4,000

F&F: TBC – 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.

 

This is a great opportunity for a hands on experienced all-round licensee, to create a real community wet-led offer with a simple food offer to attract local residents and neighbouring village residents to visit. I am looking to work with an individual/couple with local knowledge who are willing to embed themselves into the community and who can put their own ideas into the business to deliver outstanding results. You must be competent and confident in marketing outside the pub, along with utilising the many social media platforms to attract customers from outside the area.

 

 

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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