If you are looking for pubs to let in Redditch, you could run The Mayfly !
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Pubs To Let In Redditch – Run The Mayfly !
The Mayfly is a large community pub situated in a residential area on the Studley Road in the Greenlands area of Redditch. The pub has been a part of the community since 1958. Greenlands is situated in between Woodrow & Lodge Park. It’s mainly known for its two large football fields and having a walkway through to Oakenshaw which is a popular place for dog walks. Greenlands consist of 1950, 60s and 70s built housing.
Pub Layout
The Mayfly has a large trading area with two zones, one which is used regularly for pool, darts and games and one for socialising, having food and relaxing. The pub has a particularly large beer garden which provides great space for families in the summer months.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Mayfly, Redditch
The pub currently trades as drinks only community pub. They have live music at the weekends which is very popular and the pool table and darts board is also popular with the locals. There is scope to involve the community in team events and weekly quiz nights.
Private Accommodation
The accommodation is located on the first floor and consists of three bedrooms, two of which are double rooms and a single room. There is also a kitchen, bathroom, lounge area and a separate toilet.
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.
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 Mayfly, Redditch
This pub requires a strong experienced licensee with local knowledge of the area and the pub industry. The operator will work with the local community engaging the local residents and businesses. They must display passion and drive to succeed and will put their team and their community at the heart of everything they do. Key to driving this business forward is strong social media presence, internal and external marketing to re-launch the pub giving the people of Redditch a reason to return. Entertainment, sports teams, Sports TV and a great rhythm of the week are also required here.
