Run an Admiral Pub, Wheatsheaf, Glossop

The Wheatsheaf is a traditional limestone building located in the sleepy parish of Old Glossop, on the edge of the Peak District and is the epitome of an idyllic village pub. It caters for both locals and for walkers and cyclists passing through the area who might want to make the most of a hydration break sipping on a pint of well-kept real ale.

Pub Layout: Entrance to the pub is through the front central doors, which leads into two separate trade spaces. To the left is an area with circa. 26 covers, mainly used for diners. The stone walls and tiled floors could make this area feel cold and unwelcoming, but the two fireplaces, cosy décor and combination of fixed and loose seating make the space very comfortable. To the right of the entrance is the L shaped bar and seating for a further 14-16 customers. This area is often utilised by those partaking in the weekly quiz or enjoying a game of dominoes. To the rear of the pub is the good-sized, well-equipped catering kitchen and both the ladies and gent toilets. Externally there is a small drinking terrace which wraps around the front and side of the pub, this is very well used in the summer months. Although the pub doesn’t have its own car park there is a large car park directly opposite the pub which is utilised by all visiting the parish.

Trading Style: The pub currently trades on a 60/40 wet/dry split. The pub has a good reputation for the food it offers. The drinks range is a premium range which accompanies the food well and entices those who just want to enjoy a couple of drinks.

Accommodation: The private accommodation is of good size, spread over two levels and consists of three bedrooms, two bathrooms, a lounge, kitchen and office.

Financial:

• Annual Rent: £20,000
• Security Deposit: £3,000 (with bond build to £5k)
• Working Capital: £2,000
• Stock: £2,000
• Fixtures and Fittings: To be confirmed upon valuation – funding options 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.
• 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.

BDM Vision: The Wheatsheaf should be the hub of Old Glossop village. It should offer quality, home cooked food along with well-kept ales and a good range of wines and spirits. It should be the go-to place for the villagers when they want to catch up with friends, celebrate occasions or simply enjoy a meal without having to do the washing up!

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 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.
• 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.
• 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.
• 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.