3+ Private Bedrooms
The Wellington is a fantastic community pub, situated in the the densely populated residential area of Leek in the county of Staffordshire, 10 miles North East of Stoke on Trent. Leek a bustling market town with a weekly market which sees locals flocking to the town and the Wellington sits a short walk away from the centre. Admiral Taverns would look to invest in the pub with a long term licensee
On entrance you are welcomed by a well-stocked bar servery which services the spacious main bar area and the snug room. The snug room currently houses the pool table and is used regularly by the pool teams and locals. The dart board is well positioned on the raised area. The pub is balanced with both loose and fix seating and is in keeping with the style of pub as well as carpeted and tiled flooring. To the rear is an enclosed paved yard which has ample seating. Although there is no car park there is on street parking however most customers live within walking distance
The Wellington trades as a wet-led community pub. It is well supported by the local community, with a strong sports focus with both pool and darts teams. There is a varied product range in way of draft largers with an opportunity to permiumise the overall offer with the introduction of a gin bar and the drinks sales should be driven by a good value offer. Entertainment in the form of live music and quiz nights have also been popular here, and the new licensee should focus on developing a strong rhythm of the week.
The private accommodation is large and consists of three bedrooms, two lounges, separate toilet and bathroom, an office and kitchen.
Annual Rent: £11,500
*£50 a week for 6 weeks. Rent steps to be discussed with BDM.
Security Deposit: £500
Working Capital: £1,000
F&F: TBC (Funding options may be available)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
I am looking for a community focused licensee who has a good understanding of the local area. You will need to understand the clientele and provide excellent retail standards, whilst having the ability to develop and deliver a robust marketing plan to maximise every trading session to the full.
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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