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Travellers Rest, Derby

Derby, DE22 3AJ

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Travellers Rest, Derby 26
Travellers Rest, Derby 24
Travellers Rest, Derby 23

Your investment

£10,500

Agreement Type

Long Term Agreement (5 Year Tenancy)
  • Separate function room
  • Opportunity to develop handheld food offer
  • Great location

  • Food Preparation Area

  • Open Fire

  • 3+ Private Bedrooms

  • Cask Ale

  • Function Room

  • Live Music

  • Sports Teams

  • Car Park

  • Beer Garden

We are looking for a licensee who can re establish this pub with cask ale, a regular programme of activities and entertainment and fully maximise the potential. The pub has a large function room which is accessed separately to the pub and has its own toilets, cellar and its own bar – there is huge potential to ensure that this is a key income stream for the pub.

The Travellers Rest is located on Ashbourne Road in Derby, a 20 minute walk from the main University campus and 15 minutes from the city centre. Historically part of the infamous Derby Mile the pub is now alone on this end of Ashbourne Road in a very prominent main road position but able to serve the many houses nearby. Derbyshire is named after Derby, which was its original county town. As a unitary authority, Derby is administratively independent from Derbyshire County Council. The population of Derby is 261,136 (2021).

Pub Layout

The trade area has two bars and although open plan has two distinct separate areas. Upon entering the main entrance, to the left you will find the Darts Oche and a mixture of fixed and loose seating and a TV.  Walking through to the rear of the pub is where you will find the pool table and games machines and also access to the toilets.  From the main entrance to the right, you will find more fixed a loose seating with the main bar which also boasts an open fire. The pub has real character and warmth with the layout conducive with attracting all parts of the local market.  To the rear of the property there is a decent sized paved external drinking area with benches and separate external toilets, The Travellers Rest also benefits from having a well sized, self contained function room with its own bar and toilets located externally to the rear of the pub. There is also a large car park located to the rear of the pub.

This site offers a great opportunity for either someone new to the trade or an experienced operator.  They will need to be ready and willing to integrate into village life and have the vision to make the pub even more appealing through an expansion of the current offer to include a handheld food offer and ensure that the pub plays a role in the local community.  Cask ales sell well at this pub and with a regular calendar of entertainment and music will ensure strong weekly sales.

Private Accommodation

This consists of three bedrooms, a sitting room, bathroom and kitchen.

Annual Rent: £26,000

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £3,000

Stock: £2,500

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee 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.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

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 – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *

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