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For Companies At a Glance
- Tasks: Manage a vibrant pub, engage with locals, and create a welcoming atmosphere.
- Company: Join Admiral Taverns, a leading pub company focused on community and quality.
- Benefits: Enjoy flexible working hours, training opportunities, and a supportive team environment.
- Why this job: Be part of a local hub, connect with the community, and showcase your creativity.
- Qualifications: No prior experience needed, just a passion for hospitality and people.
- Other info: Training provided to help you succeed in running the pub.
The predicted salary is between 30000 - 42000 £ per year.
The Walnut Tree is located in Stowmarket, a market town in Suffolk very close to the A14 trunk route between Bury St Edmunds and Ipswich. Over recent years the area has benefited from an influx of people thanks to new housing and businesses, with a current population of 150,000 and still continuing to grow. The pub is situated close to the town and is surrounded by good quality local housing. It is also situated close to small out of town retail areas, and a local business park which has Scania located there.
Pub Layout: As you enter the pub you encounter a small patio, occasionally used for food trucks, but a great space for benches. Through the main door and you arrive at the main bar counter and an L-shaped trade area with approx. 20 seats and cosy fireplace. There is also a back room great for groups, events, local clubs and societies, also with a fully functioning bar and double doors out to the exceptional enclosed courtyard garden with the ladies and gents’ toilets located in between the two trade spaces. The style of the pub is traditional and cosy with a modern touch.
Trading Style: The pub has been operating for approximately 5 years as a specialist craft and cask pub….a real destination pub for the avid beer lover. The outside area is amazing, with a modern bare wood finish and colourful furniture making the area a comfortable sun trap for the sunny days, which is a huge attraction in the warmer months.
Accommodation: The private accommodation is in good condition, and consists of a lounge, 2 good sized bedrooms, a kitchen, an office, and a bathroom/toilet.
Financial:
- Annual Rent: £18,000
- Security Deposit: £5,000
- Working Capital: £4,000
- Stock: £4,000
- 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.
BDM Vision: In the future this pub needs to be the hub of the village community. The new licensee will need to be a peoples person who can successfully engage with the locals to steal the market share. Sports teams, potentially sports viewing, actively engaging with clubs and societies as well as the ability to bring in a discerning custom base will be key elements that you will need to be focussed on to drive the business forwards. You will also need to have a great cask and craft offer, as well as offer more mainstream products for the nearby residents and potential regulars from the immediate town vicinity. There should be strong cask ale credentials, and well ranged wines and spirits available. A creative back bar food offer could also be crafted to supplement the business.
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 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 *
Run an Admiral Pub, Walnut, Stowmarket 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, Walnut, Stowmarket
✨Tip Number 1
Familiarise yourself with the local community in Stowmarket. Attend local events or visit nearby businesses to understand the demographics and preferences of potential customers. This knowledge will help you tailor your offerings and engage effectively with the locals.
✨Tip Number 2
Showcase your passion for craft and cask ales during any informal discussions or networking opportunities. Being knowledgeable about different types of beers and having a strong personal interest can set you apart as a candidate who truly understands the pub's trading style.
✨Tip Number 3
Connect with local clubs and societies before applying. Building relationships with these groups can demonstrate your commitment to making the pub a community hub, which is a key aspect of the role. It also gives you insights into what they might want from their local pub.
✨Tip Number 4
Consider developing a unique food offer that complements the craft beer selection. Research popular food trends in the area and think about how you can incorporate them into your menu. Presenting innovative ideas can show your creativity and business acumen during discussions.
We think you need these skills to ace Run an Admiral Pub, Walnut, Stowmarket
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and expectations of running The Walnut Tree. Familiarise yourself with the pub's trading style, community engagement requirements, and the importance of a strong cask ale offer.
Tailor Your CV: Highlight relevant experience in hospitality, particularly in managing pubs or bars. Emphasise your ability to engage with the local community and any previous successes in driving business growth through events or promotions.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the pub industry and your vision for The Walnut Tree as a community hub. Mention specific ideas you have for engaging with locals and enhancing the pub's offerings, such as events or special promotions.
Showcase Your Financial Acumen: Given the financial details provided, demonstrate your understanding of managing a pub's finances. Discuss your approach to budgeting, working capital management, and how you would handle the tied drinks categories effectively.
How to prepare for a job interview at Admiral Taverns - Leased & Tenancy
✨Know Your Audience
Understand the local community and the clientele that frequent the Walnut Tree. Be prepared to discuss how you would engage with locals, sports teams, and clubs to make the pub a hub of the village.
✨Showcase Your Craft Beer Knowledge
Since the pub is known for its craft and cask offerings, demonstrate your knowledge of different beer styles and your ability to curate a great selection. Be ready to suggest ideas for seasonal or special brews.
✨Discuss Your Food Offerings
Think about how you can enhance the pub's food menu. Prepare to share creative ideas for back bar food that could attract more customers and complement the drinks on offer.
✨Highlight Your Business Acumen
Be ready to talk about your experience in managing a pub or similar business. Discuss financial management, marketing strategies, and how you plan to drive sales and customer engagement.
