Run an Admiral Pub, New Found Out, Bristol

The New Found Out is a traditional-style pub set on a quiet corner plot in the vibrant suburb of Totterdown, just outside the centre of Bristol. Tucked away on a back street, it blends seamlessly with the area\’s distinctive character—famous for its colourful terraced houses, steep streets, and creative, community-focused atmosphere. Once a predominantly working-class neighbourhood, Totterdown has grown into a lively mix of long-time residents, artists, and young professionals, creating a warm and welcoming environment. Despite its tucked away location, the pub remains easily accessible from the city centre. Its setting and charm make the New Found Out well-positioned to serve the local community while also attracting visitors from across Bristol. Pub Layout The New Found Out has a single bar that serves two distinct areas: a traditional bar space and a more relaxed lounge area, creating a versatile and welcoming environment. Throughout the pub, there is a mix of fitted and loose seating, providing flexibility and comfort for a wide range of customers. Screens are positioned across both areas, making it an ideal spot for watching live sport. There are two entry points to the pub, with access available through both the bar and lounge areas. Externally, the pub has recently undergone refurbishment, enhancing its street presence. Outside, there is space to the front of the pub for seating, as well as a small, enclosed rear courtyard with partial shelter offering a cosy spot for outdoor drinks in any weather. Trading Style:

The pub is primarily wet led, it is well-known for its vibrant sports atmosphere and live music events. It’s a popular destination for local groups, including two darts teams, who make regular use of the space. The pub boasts a great selection of cask ale, alongside a premium range of drinks that cater to a variety of tastes. The open fire adds to the welcoming, cosy atmosphere, making it a great spot for locals to relax and enjoy a drink in good company. There’s potential to further capitalize on the venue’s strong community ties and lively ambiance.

Accommodation: Private Accommodation

The private accommodation is in good order with 2 bedrooms, a lounge, kitchen and bathroom

Financial:

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

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 may be 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.

BDM Vision:

A local operator with a good understanding of the area and its community could be a real asset. Someone with the right business acumen, fresh ideas, and plenty of energy would be well-placed to drive the pub forward. Local insight can help tailor the offer to suit the needs and preferences of the community, giving the business a strong foundation for success.

Additional Information:

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 *