Admiral Pubs Management Agreement, The Whale, Buckingham

The Whale is undergoing a significant investment offering a fresh look to both the internal and external. The pub has an open plan trading area, with a lower level upon entering the pub, stepping up to a high level at the rear, with the bar situated on the left-hand side. The toilets are located at the rear of the pub.

The pub has been closed since July 2023. Prior to closing, the pub traded with a craft ale/lager offer. There is huge potential to relaunch this business and boasts an exciting opportunity for a new licensee to re-launch what was a great pub, with a focused marketing strategy and a variety of entertainment options. Building on its previous strengths whilst introducing new elements will help attract and retain a diverse customer base. With a strategic focus on infrastructure, marketing, and entertainment, the pub can successfully rebuild its wet trade and attract a loyal customer base, becoming a standout destination in the area.

Private Accommodation: The accommodation consists of three bedrooms, kitchen, bathroom, and lounge.

Security deposit: £2,000. No rent applicable on this agreement. This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock, and day-to-day running costs whilst you take home 18.5% of the net weekly sales, along with all employment costs relating to your staff and any council tax and TV licence for the residential quarters. All new operators have comprehensive free training as part of their agreement.

Training: 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. E-Learning Training for you and your staff: Featuring more than 30 courses for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing.

Nicky Alsop, the Business Development Manager, is looking for an experienced operator who can bring the Buckingham to the community. Entertainment is key such as live music, DJs, vinyl evenings, open mic, quiz, sip & paint. The ideal licensee needs to have a strong vision and understanding of the needs of the local market. Pride, passion, personality, an eye for detail, focus on great standards, and customer service are key skills sought in a potential operator.

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.

This sum of money will be held on your account and will be returned to you on exiting 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.

This is a recommended amount required which will be used in the day-to-day running of the business. This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, and any unopened/opened kegs and cask ale providing the container is unopened.

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. 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.

£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 peace 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 Asterisk.

At Admiral Taverns, we pride ourselves on being the UK's leading operator of community pubs, with over 1,400 pubs nationwide. Our success is driven by our passionate and dedicated team, who embody our core values: ONE TEAM, WE CARE, MAKE A DIFFERENCE. We’re committed to building strong partnerships with you and empowering you to make a success of your own business. Whether you’re looking to run your own pub or expand your experience in the industry, we’re here to support you every step of the way.

You can be confident that in partnering with us, you’ll have an experienced team behind you. You can draw on a wealth of support and knowledge when you need it to maximise your pub’s potential. Finding the right first pub agreement is just as important as choosing the perfect pub itself. That’s why we offer a clear and straightforward range of agreements, backed by comprehensive support every step of the way, including: Marketing, Catering, Gaming, Utilities, and much more!

Our dedicated Recruitment Team are here to support you every step of the way in finding your ideal pub. With extensive industry knowledge and a passion for helping you succeed; our team take the time to understand your preferences and skillset. From exploring available opportunities to providing tailored advice and guidance, we are committed to matching you with the perfect pub that aligns with your vision and aspirations. Whether you’re taking your first steps into the hospitality industry or looking for your next big opportunity, our team is ready to help you make your dream a reality.

If you think you have what it takes to run an Admiral pub, then we would love to hear from you so get in touch today!