If you are looking for a pub tenancy in Dudley, run The The Castle !
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Pub Tenancy In Dudley – Run The Castle
Proper Pubs have just invested in this great community pub.
The Castle is a semi-detached 1960’s pub in a prominent & bustling location on Dudley High Street surrounded by local shops and amenities. Dudley is a large market town in the West Midlands of England, six miles south of Wolverhampton and eight miles north of Birmingham. We have invested £240,000 in this great pub with full internal decoration and new signage.
Pub Layout
After undergoing refurbishment it has revitalized every aspect of the space, ensuring that it retains its charm while seamlessly incorporating modern design elements. This carefully balance space that feels vibrant and inviting, making it a great community pub. It has various seating options with both loose and fixed creating distinct areas within the space. The bar is prominent and services all areas. It is well stocked with a great product range catering for all.
The Castle, Dudley
The Castle 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 great entertainment programme with live music being popular with the locals. Existing activities provide a sound base of sports teams and traditional bar games including; football, darts, quizzes and pool. By consistently focusing on community engagement, entertainment, and providing a warm and inviting space, the pub can indeed become a central hub for the local community.
Private Accommodation
The private accommodation is located on the first floor and consists of three bedrooms, lounge, kitchen and bathroom and is the perfect size for a family.
The Castle, Dudley
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 Castle, Dudley
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 pool teams coupled with other games/activities such a quiz nights and bingo 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.
