Alma Tavern Worcester

74 Droitwich Road, Worcester WR3 7HT

  • Alma Tavern Worcester
  • Alma Tavern Worcester
  • Alma Tavern Worcester
  • Alma Tavern Worcester

Alma Tavern Worcester

Authentic Community Local

Positioned on the main Droitwich Road into Worcester City Centre, the Alma Tavern is a real community local. Located on this main throughput, the pub benefits from passing trade but is also situated in the heart of a densely populated community of locals. The pub therefore benefits from being within walking distance but also by car or public transport with nearby bus routes. The Alma Tavern provides a sanctuary of a community pub.

The Alma Tavern has fantastic potential by becoming a family friendly community, extended cask ale options and fantastic drinks range. There is a catering kitchen on site, so there is a great opportunity to deliver a pub classics style menu to help grow the business further.

Passionate Pub Operator Wanted

We are seeking an innovative open minded community operator who can become the heart of community, demonstrate great business acumen and has a passion for pubs. Experience of food is desirable.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Cask Ale

Trading Area & Facilities

Post-refurbishment - The refurbishment is set to deliver a pub which is a quality premium local at the heart of the community, boasting excellent food and a great range of beers and ciders.

A function room/skittle alley has the potential to provide an additional income stream throughout the year.

Outdoor area - A compact rear garden area, alongside decking and a seating area to the front, will allow for brisk summer trade.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).


Private Accommodation

Private accommodation consists of two bedrooms, lounge, kitchen and bathroom. An office space will be created within the trading areas. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 01:00 11:00 - 01:00 12:00 - 23:00

Financials

Annual Rent £
33,500
Estimated Annual FMOP (Licensee Profit) £
34,867
Representative HEINEKEN UK Brand Discount Per Barrel £
145
Estimated Annual Turnover £
349,603
Estimated Annual Barrelage
200

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
32,467
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,375
Rent In Advance £
644
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
48,671
Estimated Minimum Ingoing Costs £
12,977

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased