Are you looking to lease a pub in Hull? ‘The New Clarence’ is available !
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Lease A Pub In Hull – The New Clarence Is Available !
The New Clarence is an imposing, corner property with the look and feel of a “London Pub”. The property boasts a great location on the corner of two busy streets in the heart of the city of Hull. The area is currently undergoing massive regeneration with trendy cafés and a theatre both only a short walk away. The property itself is a traditional stone built rendered property with large windows looking out over the street. Admiral Taverns are keen to complete a refurbishment with the right operator. All in all, this is a great pub in a great location which with a strong, unique selling point and should easily be able to become a fantastic business. The standard is excellent and would be a welcomed retreat for any publican after a long day.
Pub Layout
The pub has a great open feel with a central bar and booth seating to the front and lose seating and tables in other areas. It does have three floors, but only the lower level is used as a trade area. Externally the pub is in equally good condition, but the externals could benefit from a revised refurbishment to make it feel even more like a “London Pub”.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The pub will always be something of a chameleon, it needs to operate in the daytime as something of a city local with good cask range, possibly live news channel etc. and a good lunch time menu. In the evenings, a strong wine/cocktails and a pre-theatre menu will ensure steady trade on account of the nearby theatre. It’s size and shape also lends itself well to a busy and lively night time venue and live music could do well as a regular feature.
Private Accommodation
The private accommodation consists of a kitchen, dining room, bathroom, lounge, and three additional bedrooms.
Lease A Pub In Hull – The New Clarence Is Available !
Annual Rent: £TBC
Security Deposit: £2,000
Working Capital: £2,000
Stock: £1,000
F&F: TBC (Funding options may be available for the right licensee)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
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)
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. 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 – 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.
Ingoing Cost: 5000
Annual Cost: 0
Quality, as opposed to value, is critical here. This pub requires someone with a good knowledge of the local market in Hull. Food experience is a must as done well, this site could easily attract 50% of its income from food. The ideal applicant will have a passion for basics being done to an excellent standard and for marketing the site using all marketing media to ensure the offer/message reaches a large audience.
