If you are looking to lease a pub in Great Waltham, you could run The Beehive !
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Lease A Pub In Great Waltham – Run The Beehive
The Beehive is a beautiful detached pub, situated on the main road running through the village of Great Waltham. Opposite a church and next to the local village post office shop, the pub is surrounded by the village amenities including a coffee shop and a pizza place. Great Waltham itself, known as ‘Church End’, is rich with history, and nestled within other like minded villages with direct links to Chelmsford, the main town within Essex. We are looking for an experienced licensee to engage with the local community and provide a consistent offering to the village and surrounding areas.
Pub Layout
The pub consists of two cosy bars – one used as a restaurant area and the other for drinking, with a pool table and toilets at both sides of the bar. The bars are well decorated and both include an open fire for that alluring county pub feel. There is a large and inviting garden to the rear which is well maintained and used for functions in the summer. There is also limited drinking space to the front of the property, with a number of benches for people to use, and roughly 10 parking spaces at the front of the property too. Lastly, there is a commercial kitchen perfect for preparing traditional comforting pub food.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Beehive, Great Waltham
The pub has previously traded with a good wet/food split, and has done well with quiz nights etc. Themed food nights have also proven to be popular amongst the locals, as well as showing sports for those who are after a more casual experience. The pub is now trading with a traditional pub food menu and is focusing on engaging the local community and becoming the hub of that community.
Private Accommodation
The private accommodation consisits of two bedrooms, a lounge, kitchen and bathroom.
Beehive, Great Waltham
Annual Rent: £12,000
Security Deposit: £5,000
Working Capital: £1,500
Stock: £3,500
Rates: £Nil*
F&F: TBC (Funding options may be available)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
* Based on the April 2023 rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.
Additional Info
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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 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 and the licensee only occupying one property for commercial purposes.
Ingoing Cost: 10000
Annual Cost: 12000
Beehive, Great Waltham
This pub needs a committed licensee to win back the locals by offering a basic food offer with good beer and good cask ales. We are looking for strong, experienced licensee’s who have the skills to deliver a calendar of local community events including quiz nights, charity events and other celebratory events throughout the year. We want to give this local community a pub that they are proud of and one they feel safe and comfortable visiting for all kind of occasions.
