Are you looking for pub tenancies in the Penrith area ? Why not run ‘The Pinny’ as this is now available !
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pub Tenancies In County Penrith – Run The Pinny !
The Pinny is a prominent double front building situated in the town of Penrith ,Cumbria. The Pub has great curb side appeal and is in excellent condition throughout. Penrith is an Bustling market town situated just 3 miles outside of the Lark District and 17 miles South of Carlisle.
Pub Layout
The Pinny is in great condition throughout having recently benefited from a refurbishment, the main bar servery is well stocked and services all drinking areas. The pub is furnished with both loose and fixed seating and is balanced with the stone flooring and carpeted areas. There is a well used pool table and darts boards which a regularly enjoyed by the locals
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancies In County Penrith – Run The Pinny !
The Pinny, Penrith
The Pinny is a well supported is a wet led community focused pub which has potential to develop its existing trade by becoming a real “hub” of the community. It has a lively entertainment programme with DJ’s, live music and Karaoke a Existing activities provide a sound base of sports teams and traditional bar games including football, darts, dominoes and pool.
Private Accommodation
The Private accommodation consists of two bedrooms, bathroom, kitchen & sitting room
The Pinny, Penrith
Security deposit – £2,000
This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock and day to day running costs whilst you take home a %age of the weekly sales, you are responsible for paying all employment costs relating to your staff and any council tax for the residential quarters.
This model allows you the freedom to grow your income through increasing sales, whilst the landlords support you and keep the bills paid
No rent applicable on this agreement.
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: 2000
Annual Cost: 0
The Pinny, Penrith
This is an exciting opportunity for an experienced community driven operator . The new operator should implement a great rhythm of the week that ideally should include SKY sports and regular live music events along with darts and pool teams coupled with other games/activities associated with this style of the pub. The ideal applicant will be able to demonstrate a good understanding of the local marketplace as well as being community focused and have previous knowledge in running a similar pub
