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Union, Kingswinford

Kingswinford, DY6 7QB

Your investment

£10,000

Agreement Type

Tenancy
  • Hub Of The Community
  • Regular Entertainment
  • Live Sports

Nestled behind the bustling main street in Kingswinford, the Union stands as a detached community-based pub in a densely populated area. Its strategic location places it in proximity to all the amenities of Kingswinford, yet it enjoys a more tranquil setting, slightly removed from the main thoroughfare. Located approximately 5 miles away from Dudley, Kingswinford itself is a town in the suburban outskirts, extending past the River Severn, marking its place on the periphery of the Black Country and highlighting its significant industrial historical influence.

 

Pub Layout

Upon entering, guests are greeted by an inviting open-plan lounge featuring a central servery bar, surrounded by a mixture of both loose and fixed low level furniture with TV’s adorning the walls showing live sporting events. The pub boasts a spacious customer car park on its side and a generous family-friendly beer garden at the rear

Positioned as a community-centric establishment, The Union aims to tailor its offerings to cater to local sporting teams during the weekdays and provide entertainment on weekends. The expansive garden, complete with a covered area, serves as an ideal space for local events, emphasizing a commitment to fostering a strong sense of community.

 

Private Accommodation

The private accommodation is on the second floor and consists of two good-sized bedrooms, a kitchen, bathroom, and lounge area.

Annual Rent: £16,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

F&F: TBC (Funding options available)

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.

At its core, The Union is and should continue to be a quintessential community local pub, primarily focused on beverages but renowned for its delectable COBS. Serving as the heart of the community, The Union should continue to provide for the locals through a regular calendar of live music, offering patrons a vibrant entertainment experience. This pub is an excellent opportunity for a local individual familiar with the area, someone capable of infusing the pub with community spirit.

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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