Foresters Arms, Reading

Situated in a densely populated residential area, The Foresters is right in the heart of the local community. It’s walking distance from the main Bath Road and the town centre is less than a mile away. The pub is ideally suited as a wet led operation with Sky & BT for sport, doing regular live music and entertainment along with midweek darts and pool teams and has a reputation for being the “friendly local”.

Pub Layout

The layout of the Foresters Arms, is an open plan bar leading onto a rear large garden area. There is one servery well positioned in the pub. A cosy pub with the potential to serve the community well.  Garden area can accommodate 50 plus customers comfortably. There is an external building to the rear of the property which is accessed via the garden. This has been recently fitted out and decorated to be used as a separate function room or trading space and could also be used as a room for a full size pool table.

The Foresters Arms is a wet led community pub with world beers, real ales and premium wines, spirits and minerals. The pub has has a reputation for being the “friendly local” and currently thrives on repeat custom and returning trade. The potential to grow sports viewing and some entertainment is clear to see and a small snack offer could be introduced.

Private Accommodation

The private accommodation consists of a recently refurbished 3 double bedrooms, kitchen, lounge and bathroom.

Annual Rent: £25,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

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.

Ideally, We are looking for an experienced licensee who has a track record of building relationships whilst driving sales and making the pub something the local community can be proud to be a part of.

The pub needs to be at the heart of the area and the new tenants will have the ability to offer a great atmosphere, fantastic drinks menu and various community events throughout the year. Sports could also be a potential option at this site as it has previously been the go to venue in the area for live televised action.

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 *