Run an Admiral Pub, Millstone Inn, Ryhall

The Millstone is located prominently in the affluent village of Ryhall, a civil parish in the county of Rutland in the East Midlands. It is bounded to the west by the A6121 Main Road from Stamford to Bourne. The pub is surrounded by residential housing and several local businesses and farmland.

On entrance, you are greeted by a large wooden traditional bar servicing all areas of the snug, restaurant and dining room, including a function room. There is loose seating throughout the pub with wooden flooring and open fires creating a warm ambience with traditional beams, a feature of the pub with elegant furnishings in each room. The snug areas are situated on entrance and to the left of the bar with the dining facility at the back of the pub. The well-equipped kitchen is serviced through a separate entrance in the dining area. The toilets are situated next to the bar which leads to the beer garden. Externally, the beer garden has rural views with a car park housing approximately 10 cars. The pub is in immaculate condition throughout. There is a function room upstairs which is used for large sittings or private events.

Trading Style: The Millstone has a strong food offering, making up 70% of its weekly sales. A strong food offering works well here, alongside a great range of cask and craft ales along with premium spirits and world lagers. There is scope to introduce a more relaxed traditional dining offer to bring further clientele throughout the week, which will in turn attract customers from the village and further afar.

Accommodation: The private accommodations which is accessed internally, consists of three large bedrooms, with lounge, kitchen, office and separate bathroom.

Financial:

• Annual Rent: £25,000
• Security Deposit: £5,000
• Working Capital: £7,000
• Stock: £4,000
• 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: The Millstone is a strong village community pub that would suit an individual or couple. The ideal candidate will have strong local community links or be able to build these, to help develop the pub and its trading style and draw clientele from the village and surrounding areas. The pub should have a strong food offering with locally sourced ingredients, without being too gastro; a good quality pub grub menu would work well here. A selection of beers and real ales should be on offer and be promoted by the ingoing licensee.

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.
• 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.
• 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.
• 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.

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 Asterisk *.