Albert Arms

1 Gladstone Street

Description and Trading Style

The Albert Arms is a lively city pub which trades in an affluent area and draws on an eclectic mix of locals, professionals and students.

Location and Local Amenities

This pub is located within walking distance of the tube, Northern and Bakerloo lines. Adjacent to South Bank University, with the University of Arts London, The Imperial War Museum and The Elephant & Castle regeneration development is a short walk.

Accommodation

Trade: 1 public bar to the front and a dining room to the rear (approx. 55 covers) with one set of WC’s. Courtyard garden with an electronic awning (approx 20 covers). Commercial kitchen on the first floor with a dumb waiter. A function rooms seating 20 people plus set of WC’s.
Private: 2 double bedrooms, sitting room, shower/WC.

Current and Future Markets

The Albert Arms has built a great reputation for quality food, there is an opportunity to significantly develop the wet trade side of the business further and identify menu changes to drive early week trade.

Requirements

An experienced operator with innovative ideas to target the differing markets that populate the area and further develop the offering

Estimated Ingoings

Circa £22,000 to include a security deposit (3 months of base rent), rent , service charge and insurance advance, stock, glassware, loose goods and training contribution. Fixtures & fittings are circa £40,000 (EXCL Vat) and working capital is circa £6,875.

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.

Guide Rent

£55,000 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2017 figure £30,000. Please contact the local authority to find out actual rates payable.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises, films, live and recorded music and dancing.

Permitted hours

Mon – Sat: 08.00am – 00.30am Sun: 10.00am – 23.30pm

Trade Volumes

2019

2020 Covid

2021 Covid

2022

2023

To 4.7.24

Draught Beer & Cider (36 gallon units) 188 79 105 139.46 136.21 58.20
Packaged (litres) 580 199 296 443.84 521.76 183.36