Food Preparation Area
The Titanic is a quaint, brick built building situated on a corner plot and located near to the famous Southampton Docks. Being honoured with holding the name is the notorious fated liner, the Titanic is nestled between the Port and the High Street, making it an ideal spot to capture tourists and historians on their walks through the City. Southampton itself is a major port city in the county of Hampshire with around 260,000 habitants and has good transport links to both Portsmouth and Bournemouth and also easy rail access to London. Being one of Europe’s main ports for ocean liners, ferries and freight, Southampton is a hive of bustling activity with shopping centres, museums, universities, galleries, music venues and sporting entertainment in abundance. The New Forest and the South Downs are within easy reach of the city and the Isle of Wight can also be reached 20 times each day in under an hour by ferry.
The Titanic has a very traditional set up for a corner pub, having a long, single bar servery and trade area along with large and bright etched windows. Upon entering the pub from the corner of the street, you will see an impressively sized brick and timber bar wrapped around the central wall. To the right there is some high level seating and a games area, including a darts board and billiards table and also access to the toilets. To the left there is an area in front of the bar with some additional high level seating and a TV. Leading through to the back of the pub, you will arrive in a more informal lounge area which has been sympathetically renovated to mimic that of a lounge on the Titanic itself with leather ottoman sofas, open fire place, piano and chandeliers. Behind the bar you will find the galley kitchen and stairs to the private living quarters.
The Titanic currently trades as wet led pub with a good offer on Cask Ales. There are occasional sports shown here and the Billiards table is always a firm favourite for visitors. Having the Titanic namesake makes this pub the ideal place for tourists and historians to visit for a drink as the pub is in a great location to entice walkers moving from the high street down to the Port and Marina. A relaxed and traditional feel to this site makes it the homely place that the locals like to drink in and the pub has previously had a good pub grub food menu available throughout the daytime and into the evening.
The private accommodation consists of two bedrooms, office, lounge, kitchen and bathroom.
Annual Rent: £TBC
Security Deposit: £5,000
Working Capital: £3,000
Business Rates: Nil*
F&F: TBC – Funding options may be available for the right licensee
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
*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.
I am looking for an experienced licensee who will be able to develop and grow the business at this iconic Southampton pub. There is a clear opportunity to grow not only wet sales but to re-introduce and promote a good back bar food offer. They will need a strong marketing plan with good social media presence to ensure the business is being driven forward. They will also need to encourage footfall by opening during the daytime as well as the evening, to be able to maximise on the local maritime tourism trade.
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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