Are you looking to lease a pub in the Melton Mowbray area? You could run ‘The Generous Briton ‘
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Lease A Pub In Melton Mowbray – Run The Generous Briton
The Generous Briton (fondly known as the Genny B by locals) is located in the historic town of Melton Mowbray, the pub is situated in a fantastic position just off the main access street through the town centre and close to the bustling market square. Melton is in an ideal location midway between the very popular cities of Nottingham and Leicester, and due to the weekly market in Melton (and its deliciously famous pork pies) it is a great attraction for both locals and visitors from the surrounding villages.
Pub Layout
The pub is well presented throughout and is ready for a new licensee to really hit the ground running. The pub boasts a large open plan area with hard-wearing flooring and a mixture of loose seating and tables of varying heights, enabling it to cater for both relaxed drinking or larger parties. The room has a large and welcoming bar servery which is well-stocked with a variety of popular brands, and the opportunity to re-introduce cask ales would be welcomed in the area. To the rear of the pub is a good sized drinking patio/courtyard area and a sheltered smoking solution too.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Generous Briton, Melton Mowbray
The Generous Briton currently trades as a drinks-focused pub with a well-presented product range catering for all ages, however there is great potential to introduce and develop a simple back bar food menu which would bring an additional income stream. The pub hosts regular live entertainment featuring local bands and artists (the pub currently has a late licence at the weekends), and also supports local sports teams. The new licensee may also wish to incorporate live sports coverage in the form of Sky/BT Sports to attract additional custom.
Private Accommodation
The private accommodation consists of three bedrooms, lounge, a large kitchen, dining room and bathroom.
The Generous Briton, Melton Mowbray
Annual Rent: £TBC
Security Deposit: £5,000
Working Capital: £2,000
Stock: £2,000
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). 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.
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: 9000
Annual Cost: 0
The Generous Briton, Melton Mowbray
Admiral Taverns are looking for a strong licensee who has good knowledge of the local area and who is willing to immerse themselves into town centre pub life,
The ideal licensee will create and deliver a strong competitive marketing plan and retail offer that attracts a range of different demographics maximising every trading session, alongside offering a great product range and excellent standards.
