The Bear, Bedford
East of England
High Street, Bedford MK40 1NN, UK
Proper Pubs are proud to welcome the Bear to our ever growing portfolio. We will be investing in both a full internal & external capex .
The Bear is located just outside of Bedford town centre, on the main high street. Bedford has strong transport links to London, with a nearby train station that takes you into London St Pancras International. Nearby is a college, supermarket, and lots of other essential amenities. Due to its fantastic high street location the Bear benefits from consistent flow of customers and a strong presence in the local social scene.
Pub Layout
After undergoing refurbishment the pub will be revitalized in every aspect, ensuring that it retains its charm while seamlessly incorporating modern design elements. Carefully balancing the space so it 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 with a great product range catering for all. Externally will be transformed into a fantastic outside space.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
The pub will thrive on a dynamic weekly schedule, with a focus on regular and varied entertainment to enrich the overall retail experience. This approach will play a significant role in attracting and engaging with your customer base. Having strong marketing skills is essential for effectively promoting and growing the business. This ensures that the pub reaches its target audience and remains competitive in the market.
Private Accommodation
The private accommodation is comfortable and well-equipped living space suitable for individuals or a small family consists of three bedrooms, a lounge area, bathroom, and a domestic kitchen.
Security Deposit £2,000
No rent applicable on this agreement.
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 percentage 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.
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.
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 – 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.
*Zero Business Rates – Based on the April 2023 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.
Ingoing Cost: 2000
Annual Cost: 0
We are seeking an experienced high street operator who is deeply passionate and driven. Previous success in managing a similar style of pub is an essential requirement. We value a strong track record in the industry and a genuine enthusiasm for delivering exceptional customer experience. Additionally, a commitment to keeping the community at the forefront of all your initiatives and decisions is paramount. This community-centered approach is integral to our vision and values.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
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MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.