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York, Morecambe

Morecambe, LA4 5QH

Your investment

£10,000

Agreement Type

Tenancy
  • Strong, loyal customer base
  • Community local with letting rooms
  • Fantastic food offering

The York Hotel is on the edge of the seaside town of Morecambe based in Lancashire. It’s situated close to the main train station for Morecambe and close to the M6. The pub comes with 8 letting rooms and a commercial kitchen, there is also a large games room in the pub for pool table/dartboards. Large TVs for sport viewing throughout the pub.

Pub Layout

It has a long well-maintained bar servery. The Beer garden to the rear is split into two levels and is in good condition. The pub also has a carpark to the rear with room for approximately 8 cars.

Community local pub through-out the week, the letting rooms are very popular with trade persons working within the area and visitors to the seaside town on weekends. The food offering is pub grub and does well on weekends. 70/30 split on Wet-Food.

Private Accommodation

The private accommodation consists of two large bedrooms, lounge area, bathroom and kitchen. All well decorated and in good condition

Letting Accommodation

The pub comes with 8 letting rooms.

 

Annual Rent: £29,000 

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

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

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

Admiral Taverns are looking for a licensee who has a strong food background with some knowledge of operating a business with letting rooms. They would need to have an eye for detail and have impeccable standards, not only of cleanliness but retail standards and service. They would be community focussed and have the ability to forge links within the local community, reinforcing those already there and building new ones

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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