Are you looking to lease a pub in the Rotherham area? You could run ‘The Telstar ‘
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Lease A Pub In Rotherham – Run The Telstar !
The Telstar, Rotherham
The Telstar is a large detached building located in a highly populated residential area in Wath upon Dearne – five miles from Rotherham and centrally located between Barnsley and Doncaster. The area comprises of a mixture of local authority housing, privately owned housing, local shops and businesses. The Telstar also benefits from the bus stop situated directly outside the front of pub which links buses into the town of Wath upon Dearne. The surrounding area has a population of approximately 17,000.
Pub Layout
The Telstar is a popular community pub located within the heart of a large housing estate. The entrance to the left takes you into the main bar – a fairly big room that is divided into two areas. On one side there is a traditional stone floored games area with a pool table and dartboard, while the second area features relaxed lounge-style seating with carpeted floors, a mixture of fixed and loose furniture and a large bar servery towards the back wall. The room is decorated with a significant amount of sports and music memorabilia, and has several televisions for customers to enjoy live sports. To the left of the bar there is a doorway into a hall which gives access to the ladies toilets, the private accommodation and the very impressive lounge bar. This good sized room has the added advantage of having a stage, so it is frequently used to put on live entertainment, discos, etc. as well as being used for private parties and functions for the local community. It would also make a great area for dining as there is already a small catering kitchen located behind the bar. This includes all the essential equipment to service an everyday food offer in addition to providing buffets for the function trade. Outside you will find a horseshoe shaped car park surrounding three sides of the pub that provides a considerable amount of parking. The area to the front of the site provides an ideal outdoor drinking space with a number of picnic benches to encourage extra trade in the warmer months, and to the side of the pub is a covered smoking shelter.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Telstar currently operates as a traditional community local pub – mainly wet led and well-supported by a strong regular trade and pub sports teams. Live sports coverage and regular entertainment prove very popular, and functions in the lounge bar area provide an extra income stream. There is an excellent opportunity for the catering kitchen to be utilised to a greater extent with the introduction of an everyday food offer.
Private Accommodation
The private accommodation is located on the first floor and is accessed through the inner hallway. It is in very good condition as the current licensee has recently redecorated throughout including new carpets. In brief the accommodation comprises: kitchen, lounge, three good sized bedrooms, bathroom and separate toilet.
Annual Rent: £10,000
Security Deposit: £3,000
Working Capital: £1,000
Stock: £2,000
Fixtures and Fittings: 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.
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: 6000
Annual Cost: 10000
The Telstar, Rotherham
We are looking for a licensee that has the drive, ambition and enthusiasm to further develop this great pub. A visible, hands on approach and the ability to become immersed in the local community will be crucial to its success. Marketing skills will play a key role in helping to grow the business further through the effective use of everything from A Boards to social media platforms. An experienced licensee will appreciate the significant opportunity that exists to develop a food offer and introduce cask ale. However, previous experience of running a pub is not essential as we offer the training and support for a first time licensee looking to run their own pub business. The successful licensee will be passionate about delivering excellent customer service to the existing and new clientele.
