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Lark Rise

Pubs & Bars • EB1B6FB Management opportunity
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Summary

The Lark Rise is a large sports pub located on a busy high street with good connections with local colleges and university. It has large TV screens for Sports supported by ample space for entertainment and pool tables.

Description

The Lark Rise is a large sports pub located on a busy high street with good connections with local colleges and university. It has large TV screens for Sports supported by ample space for entertainment and pool tables. The pub benefits from uplifts in sales during school seasons along with tourism in general. The pub has a small commercial kitchen suitable for a basic food offering plus a beer garden with parking for approximately 3 cars. The pub is trading at £9600 per week, currently 100% Wet lead, however, there is an opportunity to increase sales through the addition of a basic bar menu and developing a varied live entertainment plan at weekends to encourage university student attraction. Accommodation comprises of two bedrooms, lounge, kitchen and bathroom. What’s in it for you? We understand that taking on your own pub business is an important decision. We are proud to operate under the provisions of the Pubs Code regulations (2016), by providing certain important information during the recruitment process which will enable you to make an informed decision about the pub business and the agreement which you are applying for. The recruitment process is structured to include meetings with our recruitment and operations team (virtually or in person). The process usually takes 3-6 weeks from application to offer, but varies depending on meeting dates, availability and information required for the completion of the business plan. For any of our partnership agreements you must have a personal licence to legally operate one of our pubs. We can help in the process of obtaining a personal licence through our partners at John Gaunt. A member of our recruitment team will be able to discuss this option with you as part of your application or enquiry. If you receive an offer from us, we will require payment of the full deposit at your earliest convenience. However, from time to time at the Regional Operations Managers discretion a part deposit payment may be made with an agreed deposit builder in place for the remaining amount. The deposit, or deposit builder, would need to be paid before the commencement of the agreement. Takings are banked in a Marston’s account in accordance with the agreements, to allow us to deduct our Management Charge. Your share (‘Retained Sum’) will be settled on a weekly basis. Any guaranteed annual Retained Sum is released on a weekly basis to you at the same time as your turnover % share Retained Sum. In any partner agreement pub with a Marston’s menu on offer there is no opportunity to put on your own version of food or specials due to allergies and food regulations. We do have a number of pubs that do not have a Marston’s menu in, and you are free to put on your own food menu. Marston’s are well aware that life doesn’t always go to plan, that’s why most of our Partnerships have an early termination clause which can be triggered by both parties. There is the option to give three or six months’ notice (depending on the agreement) for both parties and would need to be confirmed in writing to your Area Manager.

Upfront cost

£5,360
Cost type: Upfront

Key facts

Upfront cost
£5,360

Location

EB1B6FB
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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