Royal Naval Reserve

FindMyPub.com
Cask Ale

FindMyPub.com
Catering Kitchen

Loved by locals and visitors alike, the Royal Naval Reserve is a cosy and inviting pub with a relaxed, traditional feel. Inside, customers are welcomed by a comfortable bar, classic naval memorabilia and a characterful wooden-topped servery.

The Royal Naval Reserve is available immediately, with flexible agreement options available, to include a traditional-style tenancy or tenanted business partnership agreement. This opportunity would suit a hands-on, new or experienced operator who wants to be the face of a welcoming, wet-led community pub in a sought-after coastal location. There is clear scope to grow both local and passing trade through a strong drinks offer, regular community events, live entertainment, pub games, local partnerships and seasonal activity, while also reintroducing a simple, quality food offer to complement the pub’s traditional appeal.

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) £20,000
• Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £4,000
• Training deposit (£500 Refundable on completion of training) £1,000
• Utility package deposit (Approx. cost, applicable subject to agreement type) N/A
• Technology pack deposit (Approx. cost, applicable subject to agreement type) £N/A

Working capital £3,000
Total estimated ingoing charges £34,500
Minimal capital considered £14,500

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.