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Wheatsheaf, Glossop

Glossop, SK13 7RS

Your investment

£7,000

Agreement Type

Tenancy
  • Idyllic location in the heart of Glossop.
  • Well established customer base.
  • Fully equipped catering kitchen.

The Wheatsheaf is a traditional limestone building located in the sleepy parish of Old Glossop, on the edge of the Peak District and is the epitome of an idyllic village pub. It caters for both locals who want to enjoy the very highly rated Greek meze or a more traditional home-cooked Sunday lunch, and for walkers and cyclists passing through the area who might want to make the most of a hydration break sipping on a pint of well-kept real ale. Glossop is a market town in the Borough High Peak, Derbyshire England. It is located 15 miles east of Manchester, 24 miles north-west of Sheffield and 32 miles north of the county town, Matlock. Glossop has a population of 33,340.

Pub Layout

Entrance to the pub is through the front central doors, which leads into two sperate trade spaces. To the left is an area with circa. 26 covers, mainly used for diners. The stone walls and tiled floors could make this area feel cold and unwelcoming, but the two fireplaces, cosy décor and combination of fixed and loose seating make the space very comfortable. To the right of the entrance is the L shaped bar and seating for a further 14-16 customers. This area is often utilised by those partaking in the weekly quiz or enjoying a game of dominoes. To the rear of the pub is the good-sized, well-equipped catering kitchen and both the ladies and gent toilets.

Externally there is a small drinking terrace which wraps around the front and side of the pub, this is very well used in the summer months. Although the pub doesn’t have its own car park there is a large car park directly opposite the pub which is utilised by all visiting the parish.

The pub currently trades on a 60/40 wet dry split. The existing licensees have a background in Greek food and offers a very highly rated meze, along with other Mediterranean twists on the weekly menu. The ingoing licensees doesn’t necessarily need to continue this but they will need to consider what their Unique Selling Point will be.  The drinks range is a premium range which accompanies the food well and entices those who just want to enjoy a couple of drinks.

Private Accommodation

The private accommodation is of good size, spread over two levels and consists of three bedrooms, two bathrooms, a lounge, kitchen and office.

Annual Rent: £20,000

Security Deposit: £3,000

Working Capital: £2,000

Stock: £2,000

Business Rates: Nil

Fixtures and Fittings: Upon Valuation  – funding options 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

* 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.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Wheatsheaf should be the hub of Old Glossop village. It should offer quality, home cooked food along with well-kept ales and a good range of wines and spirits. It should be the go-to place for the villagers when they want to catch up with friends, celebrate occasions or simply enjoy a meal without having to do the washing up!

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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