Run an Admiral Pub, Kings Head, Blakenhall

Please note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section.

The Kings Head is situated in Blakenall Heath, a suburb of Walsall. Located conveniently for the M6 and A5, this is a well-established business and is very community orientated, hosting lots of charity events and being linked to many teams, groups, and societies.

There is a hard floor bar area with seating for about 30 people and a darts area. The central island bar services the bar, lounge, and the outdoor area. Upstairs is a darts/sports room with 6 boards in place. Externally, there is a courtyard garden and a large car park at the front of the pub.

The Kings Head attracts a more mature clientele and hosts a darts, dominoes, and a crib team. This is a well-known and established business, so the new licensee will need to have an understanding of the local area and the history of the site. Locals frequently visit the pub, and the pub’s events are well marketed through both traditional and digital media.

The private accommodation consists of a downstairs lounge and small kitchen, as well as three double bedrooms and a bathroom.

• Annual Rent: £8,000
• Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
• Working Capital: £1,000
• 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.

To be confirmed upon valuation – funding options may be available for the right licensee. 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 of financial information, please refer to the ‘Additional Info’ tab.

There is much potential here to grow trade. The successful applicant will ideally be local to the area with experience in the pub industry running community pubs. They will also have a passion for cask ales and keep a great cellar. Engaging with the local community will be key to the site’s future success. Maintaining support for the existing teams and societies that already call the pub home and continuing the great charity work the pub is known for will be essential.

• 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.
• Security Deposit – 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.
• Working Capital – This is a recommended 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 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 Asterix.*