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- Tasks: Manage a vibrant community pub, offering family-friendly days and lively evenings with entertainment.
- Company: Join the historic Old Wine Vaults, Eastwood's oldest pub, dating back to 1779.
- Benefits: Enjoy a beautiful beer garden, private accommodation, and potential funding options for upgrades.
- Why this job: Be part of a local hub, creating memorable experiences for families and sports fans alike.
- Qualifications: A passion for community engagement and experience in hospitality is essential.
- Other info: Training provided to boost your skills and confidence in running the pub.
The predicted salary is between 30000 - 42000 £ per year.
Reputedly the oldest pub in Eastwood, dating from 1779. The Old Wine Vaults is a Grade II Listed Building in Broxtowe Borough Council's Eastwood Conservation Area. It is located on the main road close to the busy crossroads in the middle of Eastwood. The Old Wine Vaults is a friendly community pub with a beautiful, fully enclosed rear garden with a decked area and a children's play area.
Pub Layout: Upon entering the pub, you will find yourself within an open plan layout on a split level, with a separate taproom. The trading area is serviced from a central bar, and there is a functional catering kitchen located to the rear of the bar; however, it does need some upgrading. As you face the pub from the main road, the carpark is to the left and the beer garden to the right.
Trading Style: The Old Wine Vaults is a wet-led site that has a sound reputation for cask ales. By day it is family-friendly, and in the evenings there is a great variety of entertainment, including live music and televised sports. It is home to sports teams and is a vibrant, lively place that is popular with families in the warmer summer months. With the right operator, the landlords are looking to move the retail offer at this site to a value-led wet-site to compete with and take trade from other value-led competition in the area.
Accommodation: The private accommodation consists of three bedrooms, a kitchen, bathroom and sitting room.
Financial:
- Annual Rent: £20,000
- Security Deposit: £5,000
- Working Capital: £3,000
- Stock: £3,500
- 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: I am looking for a licensee who is driven to providing the community with a family-friendly pub during the day but is keen to offer evening entertainment including some live music and televised sports (although not a dedicated rock venue). The pub has historically been home to sports teams and has been a vibrant, lively place. During the summer, the large beer garden is a sun-trap and ideal for BBQs and other outdoor activity and is extremely popular with families in the warmer summer months. This site requires a truly community-minded operator who knows the local area and is keen to make the pub a real neighbourhood hub. The new licensee will have to be able to manage the different aspects of the site through making sure there is plenty to attract families by day as well as great live music and sports available for the evening customers.
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.
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 *
Run an Admiral Pub, Old Wine Vaults, Eastwood employer: Admiral Taverns - Leased & Tenancy
Contact Detail:
Admiral Taverns - Leased & Tenancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run an Admiral Pub, Old Wine Vaults, Eastwood
✨Tip Number 1
Familiarise yourself with the local community and its needs. Since the Old Wine Vaults is a family-friendly pub, understanding what attracts families during the day and what entertainment options are popular in the evenings will help you tailor your approach.
✨Tip Number 2
Network with local sports teams and community groups. Building relationships with these organisations can help you create a vibrant atmosphere and attract more customers, especially for live music and televised sports events.
✨Tip Number 3
Consider innovative ways to utilise the beer garden, especially during the summer months. Ideas like BBQs or outdoor games can draw in families and create a lively environment that encourages repeat visits.
✨Tip Number 4
Prepare to showcase your vision for the pub during any discussions with the landlords. Having a clear plan on how you intend to enhance the pub's offerings and engage with the community will demonstrate your commitment and suitability for the role.
We think you need these skills to ace Run an Admiral Pub, Old Wine Vaults, Eastwood
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of running a community pub like the Old Wine Vaults. Highlight your experience in managing similar establishments and your vision for creating a family-friendly environment.
Tailor Your CV: Customise your CV to reflect relevant experience in hospitality management, particularly in wet-led pubs. Emphasise your skills in customer service, event planning, and community engagement, as these are crucial for this role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for community pubs and your understanding of the local area. Discuss how you plan to attract families during the day and provide evening entertainment, aligning with the pub's vision.
Showcase Your Knowledge of the Industry: In your application, demonstrate your knowledge of the pub industry, including trends in cask ales and family-friendly offerings. Mention any relevant training or certifications that would benefit your application.
How to prepare for a job interview at Admiral Taverns - Leased & Tenancy
✨Know Your Community
Familiarise yourself with the local area and its demographics. Understanding the community will help you tailor your pub's offerings to attract families during the day and sports enthusiasts in the evening.
✨Showcase Your Experience
Be prepared to discuss your previous experience in managing a pub or similar establishment. Highlight any successful events you've hosted, especially those that catered to families or involved live entertainment.
✨Emphasise Family-Friendly Initiatives
Since the pub aims to be family-friendly, come up with ideas for activities or promotions that could attract families. This could include themed nights, BBQs in the garden, or special events for children.
✨Discuss Evening Entertainment Plans
Talk about your vision for evening entertainment, including live music and sports. Be ready to suggest how you would create a vibrant atmosphere that appeals to a diverse crowd while maintaining a welcoming environment.
