Ship Inn, Ingoldmells

The Ship Inn occupies a prominent high street location in the centre of Ingoldmells, on a busy junction of the main A52 road into Skegness – less than a mile from the beach. The pub is surrounded by a mixture of residential properties and a large number of holiday parks, along with a good number of local retail businesses. The local population tops 30,000 residents within a 5-mile radius, in addition to the large number of holidaymakers flocking to the area during the peak season. The town of Skegness is a short 10-minute drive away, and local attractions include the North Shore and Seacroft golf clubs.

Pub Layout

Two separate entrances from the car park lead into the spacious, open-plan main lounge bar featuring a large bar servery, gaming machines, several TV screens and loose tables & chairs to accommodate approximately 60 covers. A raised seating area to one end of the lounge is currently used as a pub games area with pool table, dartboard and more relaxed lounge seating, but could alternatively be used as a stage area for live entertainment/karaoke. To the other end of the lounge is a carvery unit adjacent to the main catering kitchen, which is fully equipped and of a good size. A passageway leads from the main lounge past the toilets to a traditional “tap-room” bar, with a separate bar servery, TV screen and mix of fixed and loose seating. Externally the pub has a recently refurbished patio/garden area, with seating for approximately 50 customers and festoon lighting. The large L-shaped car park can provide parking for up to 60 vehicles.

The Ship Inn currently trades with approximately a 60:40 wet/dry split, with strong support from the local community.  Minimal competition in the winter months (only a handful of the local pubs and bars stay open out of season) means that there is a strong all-year round trade, which is boosted by tourism in the peak season. The pub opens early during the holiday season to offer a breakfast menu, and also holds a popular weekly car boot sale on the large car park. There could be an opportunity to build on the current trade with a regular entertainment programme.

Private Accommodation

The private accommodation is on the first floor, is in good order and consists of 4 bedrooms, lounge, kitchen and family bathroom. The private quarters can be accessed via a seperate entrance.

Annual Rent: £43,000

Security Deposit: £9,000

Working Capital: £6,000

Stock: £5,000

F&F: TBC – 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 to work with an experienced licensee who can fully integrate themselves into the local community and make this the “go-to” place for the residents of the village, while also embracing the seasonal holidaymaker trade. The successful applicant should have experience of high-volume operations (particularly food) and will have a strong marketing plan in place to get the most out of this fantastic pub.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three 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 *