3+ Private Bedrooms
The Waterloo is a one bar corner pub site located in a residential street behind the seafront at Weymouth. The pub is at the east end of the town surrounded by guest houses and private housing. Blue Flag winning Weymouth Beach is consistently recognised as one of the top ten beach destinations in Europe and it’s easy to see why. With beautiful golden sands and a vibrant seafront and pretty harbourside, Weymouth attracts many visitors.
The Waterloo is a single bar pub with seating for approx. 30 covers. The bar can be seen on entry and leads through to the beer cellar which is on the same floor. Through the hallway you have access up to the domestic quarters and the ladies and gents toilets. Further down the hallway, there is a large store room which could be developed to create a small catering preparation area so that a simple food offer can be introduced. This leads through to the fantastic beer garden at the rear of the property. This area seats approx. another 50 covers laid to three distinctive areas. There is no carpark but plenty of local off road parking.
The pub trades with a traditional wet offering including a vast range of draught products, wines and spirits and also has two local two cask ales available. Entertainment is predominantly by way of occasional live music along with Friday night karaoke and also features bingo and quiz nights which are all well supported by the locals. A dart board and juke box are also frequently used by the customers and so there is always plenty of all round entertainment and sports on offer.
The pub underwent extensive refurbishment throughout in 2021 and presents extremely well.
This consists of three bedrooms, living room, bathroom, and domestic kitchen. All very well decorated and presented.
Annual Rent: £16,500
Security Deposit: £5,000
Working Capital: £3,000
F&F: Approx £6,000 – 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.
The Waterloo lends itself to being a starter pub as well as having the scope for an already experienced licensee. I am looking for someone who has the ability and flair to run a traditional, well-presented pub in the heart of the community. The right licensee will be able to juggle the demands of the locals at the same time as maximising on the tourism opportunity and really pushing the pub to its potential.
The right retail offer will consist of great lagers, ales, wines and spirits with promotions, events and sports teams.
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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