Carpenters Arms, Market Weighton

The Carpenters Arms is located on the edge of the bustling town of Market Weighton, just off the A1079. Market Weighton is a charming market town with a population within a half-mile radius numbering several thousand people. The top two segmentation categories in the area are comfortable communities and affluent achievers, reflecting a well-off and settled local demographic. Situated in the civil parish of East Riding of Yorkshire, Market Weighton is one of the main market towns in the East Yorkshire Wolds. It lies midway between Hull and York, approximately 20 miles from each, making it a convenient stop for travelers and a beloved local spot for residents. The Carpenters Arms, with its prime location and welcoming ambiance, serves as a central hub for the community and visitors alike

Pub Layout

As you step through the entrance of The Carpenters Arms, you’re immediately greeted by the inviting atmosphere of a traditional English pub. To your right, the main bar area boasts a long stretch of polished wood adorned with an impressive array of spirits and ales. The soft seating and earthy tones of the decor create a welcoming ambiance. Continuing further into the pub, you’ll notice a split trade area. This is where you will find the social drinking area, creating a vibrant atmosphere. Externally, there is a designated smoking area, providing a comfortable space for those who wish to step outside. A recent development has transformed the outdoor space into what could potentially be the best garden in town. The garden is beautifully landscaped with a variety of seating options, offering a perfect spot to enjoy a drink in the fresh air.

The Carpenters Arms has a friendly ‘locals’ atmosphere and serves a great range of beers, including local and specialized ales. There is a strong focus on the product range to ensure all locals are catered for, making it a favourite gathering spot in the community. The pub also hosts mid-week quiz nights, pool and darts teams, and live artists on weekends, providing a variety of entertainment options that appeal to different interests. Additionally, there is an opportunity to introduce a back bar food offer with a basic menu, enhancing the pub’s offerings.

Private Accommodation

The private accommodation is to a high standard and consists of two good sized bedrooms, a fully fitted kitchen, lounge and family sized bathroom. Outside there is a rooftop terrace.

Annual Rent: £14,000

Security Deposit: £3,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee..

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: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Carpenters Arms would suit an assistant manager or established manager ready to take the next step in their career, but it would also be ideal for a first-time licensee looking to run their own pub. Service standards are crucial for the day-to-day operation here, with an emphasis on being an integral part of the local community. This includes helping with charities, fundraising, and collaborating with various parties to make this pub the hub of the community. Excellent customer skills are a must, along with strong social media and local marketing abilities. Overall, good trading standards are essential to ensure the pub’s success and reputation.

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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two 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.  Please note, this only applies to pubs marked with an Asterix *