Prince Albert

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Catering Kitchen

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Team Games

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Pool Area

Currently trading six days a week, the Prince Albert provides its customers with a warm, welcoming atmosphere together with a varied drinks offer. The pub is renowned locally for its American Smokehouse food concept; the aroma of burning oak and sweet BBQ sauce greets its guests when they arrive, and customers feast on sharing smoke boards, ribs, fried chicken, steaks or barbeque platters, all cooked on the in-house smokers.

The Prince Albert has the potential to be available quickly for the right operator, with flexible agreement options available, including a traditional tenancy or a partnership agreement. This opportunity would suit a motivated, wet-led, community-focused operator who can build strong local relationships, create a regular calendar of events and activities, and reposition the pub as a lively, welcoming hub for residents, office workers, clubs, teams and social groups. While there is scope to retain or reintroduce a simple food offer, the key focus will be on maximising the drinks trade, increasing footfall and embedding the pub firmly at the heart of the local community.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

Estimated capital requirements:

• Trading deposit £5,000
• Contract deposit (Refundable on day of change) £500
• Maintenance scheme (Plus monthly payments of £50) £1,000
• Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker) £15,000
• Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £3,000
• Training deposit (£500 Refundable on completion of training) £1,000
• Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
• Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC

Working capital £5,000
Total estimated ingoing charges £30,500
Minimal capital considered £15,500

A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.

Fixed Rental Structure:

• Year 1   £TBC
• Year 2   £TBC
• Year 3   £TBC
• Year 4   £TBC
• Year 5   £TBC

This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act’ 1954 Part II. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.