If you are looking to lease a pub in the Warminster area, ‘The Masons Arms’ is available !
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Lease A Pub In Warminster – The Masons Arms Is Available !
Lease A Pub In Warminster – The Masons Arms Is Available !
The Masons Arms is a true community local, situated on the high street in Warminster. The town itself is a civil parish in western Wiltshire, by-passed by the A36 between Salisbury and Bath. It has a growing population of about 20,000, with lots of development underway and planned for the future
Pub Layout
The pub has one easily operated bar with the trading area itself being separated into three distinct trading areas. The first could be used as a dining area, however at present is home to a pool table and darts board and the other two areas are used as public bars and are very quaint in décor with a traditional feel. There is a small well equipped trade kitchen, suitable for a traditional pub offering or indeed a unique selling proposition offer, such as Pizzas.
The pub benefits from a split level popular self-contained function room which is serviced by its own large bar and DJ booth. The function room is in good condition with oak flooring.
Externally there is a car park with approx., 20 spaces to the rear and an outside drinking area to the side and a sun trap raised decked patio to the rear.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Currently trading well short of its obvious potential the Masons arms is a community local pub which is well supported by a loyal band of locals and attracts visitors to the town. It is on a busy high street and presents huge opportunity for the right operator to exploit all of the many income streams this pub can provide, including extending the current opening hours, developing a compelling food offer, providing mid-week live televised sport and driving a regular quality entertainment program as well as exploiting the currently under utilised function rooms. There is also a massive opportunity to grow the function side of the business through regular entertainment nights and private events.
Private Accommodation
The private accommodation is a good size for a family. There is a separate entrance leading to a living room, three bedrooms, kitchen/diner and a bathroom with separate shower and bath.
Annual Rent: £19,000
Security Deposit: £5,000
Working Capital: £5,000
Stock: £2,000
Business Rates: Nil*
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.
*Based on the April 2023 provisional 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.
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: 12000
Annual Cost: 19000
The successful applicant will have a professional outlook on both life and the business, they will have the ability to implement a good food offer and they will also have the ability to nurture the current trade and develop new opportunity. By doing so they will enter into the heart of the local community, which will be key to driving footfall and sales.
There is a function room to the rear which is a massive opportunity and the successful applicant will have a vision for how they will utilise this spacious standalone building to grow their business.
