York, Morecambe

Admiral Taverns is seeking a licensee who embodies a blend of culinary expertise and hospitality finesse, with a keen eye for detail and commitment to excellence. Someone with experience in the food industry will be well-equipped to elevate the pub’s food offerings, ensuring they meet the expectations of both locals and visitors. Familiarity with managing letting rooms is crucial, building relationships within the local community and a strong marketing plan alongside strong interpersonal skills and a proactive approach to networking and relationship-building will ensure the success of the York.

The York Hotel is on the edge of the seaside town of Morecambe based in Lancashire. Morecambe enjoys one of the finest views from its promenade of any seaside town in England, a magnificent sweep of coastline and bay, looking across to the Lakeland mountains. Located close to the main train station for Morecambe and conveniently close to the M6 motorway, the York providing easy access for guests arriving by car and train. With its convenient location, diverse amenities, and potential for offering accommodation, food, and entertainment, the York Hotel is established as a popular destination in Morecambe for both residents and travellers alike.

Pub Layout

The York is an imposing building boasting 8 letting rooms. Entrance into the bar area you are greeted by a long, well-maintained bar servery which enhances the pub’s ambiance and provides an inviting space for guests to enjoy a wide selection of beverages. There is a games zone area complete with pool table and darts boards with TVs on the walls showing televised sports alongside an area of a mixture of low level seating providing the perfect ambiance for diners and creating the balance between drinkers and diners extremely well. The beer garden to the rear offers guests an outdoor oasis to relax and socialize. The availability of a car park with space for approximately 8 cars provides added convenience for guests, especially those arriving by car. The York boasts 8 letting rooms, perfect for that overnight stay and adding another income stream to this business.

The York is your traditional community local close to the seaside. Currently trading as wet/dry split is around 60/40% to wet sales with the York having a good handle on the local market dynamics and catering to the preferences of the locals. The current traditional pub grub food menu is extremely popular with locals and visitors. The letting rooms bring a separate source of income and appeal to tradesman during the week and families and weekend visitors to the seaside town. The York is your traditional community local close to the seaside.

Private Accommodation

The private accommodation is on the first floor and consists of two large bedrooms, lounge area, bathroom and kitchen.

Letting Accommodation

The pub comes with 8 letting rooms.

Annual Rent: £29,000 

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £3,000

Stock: £2,000

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.

Fixtures and Fittings: To be confirmed 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.

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

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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *