Run an Admiral Pub, Bull & Bush, Loughborough

The Bull & Bush is a detached pub set within surrounding grounds and located in a densely populated area of Shepshed. Shepshed is a market town and civil parish in the Charnwood Borough of Leicestershire, England with a population of 14,875 at the 2021 census. It is the second biggest settlement in the borough, after the town of Loughborough. It is in easy reach of the M1 motorway and is situated ½ a mile from the town centre and easy walking distance of the local amenities.

Pub Layout: The Bull & Bush trades from an open plan, L-shaped bar which is located to the right side of the pub, with the catering kitchen located to the left. Featuring fixtures and fittings which are in keeping with the character of the pub, the Bull & Bush offers a cosy atmosphere to enjoy a drink or bite to eat and can cater for approximately 20 covers. Also on the right, is a door leading out to the front landscaped garden with traditional pub benches. It also benefits from two large gardens at the back of the property which act as fabulous beer gardens; this space is maximised in the Summer months. This is completed by a smoking shelter and a large car park for up to twenty cars.

Trading Style: The pub has a strong and varied rhythm of the week, with sports & entertainment featuring heavily. The previous tenants have done an excellent job in embedding the pub within the local community being the hub for numerous charity events. It is essential that the new tenants hold the community close to their hearts and continue with this. There is an opportunity to revisit the small but functional food offer currently available at the pub and look to cater for a wider audience. We have a great in-house team to help support with this, thinking outside the box to offer something a little different from the normal pub grub mid-week and some weeknight food offerings would be welcomed. Sky & TNT are a must at the pub as well as supporting and developing sports teams (ten in total, football, dominos & darts) which are already in place. Live entertainment is popular at the weekend with monthly bands and weekly DJs, seasonal external family fun days. The drinks range is value wet led with both cask & keg on offer, good spirit mix on offer.

Accommodation: Private Accommodation Located on the first floor the accommodation consists of 3 bedrooms, lounge, kitchen & bathroom, all of which are in good condition and would be ideal for a family or couple.

Financial:

• Annual Rent: £21,000
• Security Deposit: £3,000 (Building to £5,000 during tenure)
• Stock: £5,000
• Working Capital: £5,000
• 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.

BDM Vision: This is an exciting opportunity to run a well-established pub. I am looking to work with experienced & well-funded tenants who have the ability and skill set to maintain and grow the already established business. Great retail standards & strong rhythm of the week are a must to ensure the customers continue to see the Bull & Bush as the go-to pub in the area.

Future Plans:

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).
• 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 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 *