Victoria Hotel, Draycott

The Victoria Hotel is a prominent detached building featuring two exterior grassed garden areas and large car park and is well sited on the main A605 thoroughfare. Draycott is a pleasant village 6 miles East of Derby and yet is only a short drive to the M1 & East Midlands transport hub. Housing in the area is a mix of properties ranging from first time buyer modern flats, through semi & detached houses to properties of significant size. Local amenities are within a short walking distance. The population is in the age range 18-59 with a high percentage in employment.

Pub Layout

The pub has an open plan layout but two defined areas allowing the licensee to differentiate the trade in the pub. To the left is a comfortable lounge area benefiting from an open fire & to the right is the taproom/sports area with a central bar servery to serve both. Towards the rear of the pub is an unused room & food preparation area both of which are a development opportunity. Externally there is a large car park and two beer gardens at the rear of the property.

The pub is currently trading as a drink orientated venue with televised sport and some entertainment, however there’s a great opportunity to further develop the business by adding a back bar food offer. There is an excellent range of keg beers, lagers & ciders and an established cask ale following with further opportunity to extend the range and develop a premium spirit offer.

Private Accommodation

Upstairs there are three large bedrooms along with a bathroom, living room and office.

Annual Rent: £21,000

Security Deposit: £3,000

Working Capital: £2,000

Stock: £3,000

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.

I am looking for an individual or couple with the ambition and skills to further develop this well established and respected pub. You will need good social, marketing and networking skills to showcase the offer and online marketing presence to attract and retain a wider range of clientele. Embrace the locals and involvement in community events will also play a major part in the success of the Victoria Hotel.

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 *