If you are looking to let a pub in Braintree, The Nags Head is available !
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Pubs To Let In Braintree – The Nags Head Is Available !
Pubs To Let In Braintree – The Nags Head Is Available !
The Nags Head is a prominent three story pub situated in the town centre of Braintree, the pub has great curb side appeal in a bustling location and sits on the market square of the town, surrounded by local shops. Braintree is a town and former civil parish in Essex, just 10 miles north eat of Chelmsford and 15 miles west of Colchester.
Pub Layout
Proper Pubs are excited to invest in this great pub, internally there will be new fixtures and fittings giving the pub a fresh and vibrant feel. We are also investing in the small rear courtyard ensuring this little gem can be used all year round.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Nags Head, Braintree
The Nags Head will be a wet led community focused pub which has potential to develop its existing trade by becoming a real “hub” of the community. Existing activities provide a sound base of sports teams and traditional bar games including football, darts, dominoes and pool as well as offering live entertainment / karaoke
Private Accommodation
The private accommodation consists of three bedrooms, sitting room ,bathroom & kitchen
The Nags Head, Braintree
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.
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.
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 – £60.89 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
The Nags Head, Braintree
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.
