Mariners Arms, Driffield

The Mariners Arms is nestled in the scenic farming town of Driffield, which boasts a vibrant array of shops, bars, cafes, restaurants, and pubs. Located just a short five-minute walk from the town centre, the pub enjoys a prime position within a bustling housing estate. Driffield is renowned for its agricultural heritage, hosting numerous livestock events and a weekly market. The town accommodates a total population of 7,277 residents within a one-mile drive time, predominantly composed of individuals aged 25 to 44 years. The largest segment of this population belongs to the Comfortable Communities category, with over 1,178 individuals fitting this profile, presenting a significant demographic.

Pub Layout

The Mariners Arms features two spacious open-plan areas served by a central bar, creating a versatile layout for patrons. The games room has been thoughtfully segmented to facilitate daytime socializing and accommodate pool and team sports enthusiasts. The lounge area is tastefully decorated to a high standard, offering a comfortable space for gatherings ranging from casual meet-ups to lively quiz nights. There is also potential to introduce live music events to enhance the pub’s atmosphere. At the rear of the pub, a charming beer garden awaits, complete with a covered area for smokers and shelter during inclement weather. The garden features numerous benches, making it an ideal setting for summer garden parties and events such as BBQs.

The Mariners Arms operates within the value-led segment, focusing on its popular selection of  cask ales with promising potential for further development. The pub maintains a lively weekly schedule, featuring well-attended quiz nights, and supports local darts and pool teams. There is considerable opportunity to expand entertainment offerings, with strong support anticipated for live music performances featuring bands and artists. This initiative is expected to enhance the pub’s appeal and contribute to its vibrant atmosphere.

Private Accommodation

The private accommodation comprises of: three bedrooms, kitchen, bathroom and an office/ forth bedroom.

Annual Rent: £12,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

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.

Admiral Taverns are looking for a licensee who will cherish this local wet-led pub that serves as the heart of its community. Known for its dedication to local causes and charitable initiatives, the pub aims to bolster its business through fundraising efforts. To elevate its offerings, The Mariners Arms plans to introduce live entertainment regularly and further develop its selection of cask ales. The pub also intends to increase the frequency of pool and darts events, catering to the interests of its customers. Looking ahead, the pub seeks to host summer events such as BBQs and hog roasts in its spacious car park, accommodating live outdoor events. Enhancing the interior décor with additional bric-a-brac will create a warm, friendly, and inviting atmosphere for all visitors.

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 *