​This agreement gives you the opportunity to benefit from a capital refurbishment, at the onset of your agreement, made by us, in consultation with yourself and being able to assign the lease after two years.Key features include:<ul><li>A fixed 10 year lease agreement</li><li>Substantial investment funded by Stonegate at the outset of the lease to support you in growing the pub’s trading potential</li><li>Fully assignable after two years</li><li>Flexibility of drinks tie to suit your business, with the ability to utilise tie release fee’s from a fully tied basis</li><li>Flexible credit terms, weekly billing and the ability to spread costs such as Buildings Insurance</li><li>Open Market rent review at year 5 with the ability for rent to be rebased either upwards or downwards in line with the market.</li></ul>

Partnership Investment Lease

Key features include:​<ul><li>A flexible term of up to 5-years with the inclusion of notice provisions throughout</li><li>Flexibility of drinks tie to suit your business, with the ability to utilise tie release fee’s from a fully tied basis</li><li>Peace of mind with Property Repairs with Stonegate looking after all structural repairs (and you keep the rest up to scratch)</li><li>Low cost ingoing’s with deposit requirements from as little as £2,000</li><li>Flexible credit terms, weekly billing and the ability to spread costs such as Buildings Insurance</li><li>Access to a suite of dedicated training solutions developed with the insight of operating our successful managed house estate in order to support you in running your own business.</li></ul>

Retail Partnership Tenancy

This agreement gives you the opportunity to secure a ten year lease with potential to earn an incentive payment at the end of 10 years and&nbsp;assign the lease after two years.Key features include:<ul><li>A fixed 10 year lease agreement</li><li>The opportunity for substantial end of term incentive bonus which can be transferred&nbsp;upon assignment</li><li>Fully assignable after two years</li><li>Flexibility of drinks tie to suit your business, with the ability to utilise tie release fee’s from a fully tied basis</li><li>Flexible credit terms, weekly billing and the ability to spread costs such as Buildings Insurance</li><li>Freedom of choice between an Open Market or Annual Indexation Review for your year 5 rent</li></ul>

Partnership Incentive Lease​

Our self-employed agreement helping pub lovers to access low-risk, high-reward potential opportunities to run pubs they love. Pubs on this agreement are community-locals often with an emphasis on sport, entertainment, and community work. These agreements are perfect for aspiring publicans who want to run their own business, within a supportive partnership with the UKs largest pub company by their side. This model is best suited to someone who wants to bring their personal flair to a predetermined business model while being incentivised and challenged to continuously grow their business.-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uncapped operator earning potential. Our agreements offer 4 distinct streams of available income outlined below-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industry leading profit share scheme, offering 10% of all year-on-year profit growth (uncapped)-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quarterly machine profit share &amp; sales incentive payments-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A percentage of weekly net turnover to pay yourself and your staff-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low risk agreement with ingoing costs of only a £500 deposit-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open ended agreements with no fixed end date-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notice periods ranging from 4-8 weeks dependant on length of service-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On-site accommodation provided

Craft Union (Operator Led)

<ul><li>Option at selected sites to negotiate a lease that's free of tie for 10 or 20 years</li><li>Fully protected under Landlord and Tenant Act 1954, with the right to renew</li><li>You have full responsibility for repairs</li><li>Rent is subject to annual indexation to RPI</li></ul>

Commercial Lease (Free of Tie)

<h3>Key Features include:</h3><ul><li>A fixed term of 5 years without any landlord break option</li><li>Greater flexibility with the tie – we have tie release options across wines, FABs, spirits and minerals in return for a tie fee release. This also provides business certainty regarding the costs involved in the event of full tie release</li><li>The freedom to operate machines (if you want to) and retain all of the income</li><li>Peace of mind with property repairs – Stonegate looks after all structural repairs, you just keep the rest up to scratch</li><li>Low-cost in-goings, with deposit requirements from as little as £2,000</li><li>Flexible credit terms, weekly billing and the ability to spread costs such as buildings insurance</li><li>Access to a suite of dedicated training solutions (developed with insight from our successful managed house estate) to support you in running your own business</li></ul>

Fixed Term Tenancy

With a Beacon Retail&nbsp;Partnership Agreement, you will have the freedom to run your own pub business. We will provide extensive support to help you maximise the success of your new pub business. Your pub, with our support, a winning combination. Key features include:​<ul><li>An agreement which gives you the freedom to run your own pub business</li><li>Providing extensive support&nbsp;to help you maximise your business​</li><li>Being able to sell category leading brands at prices to suit your local community</li><li>Promotions and marketing support for key occasions</li><li>A try before you buy agreement of initially just one year in term&nbsp;</li><li>EPOS tills to help you control your business</li></ul>

Beacon Retail Partnership Tenancy

&nbsp;&nbsp;How much will it all cost including any extras?We'll agree the rent with you up front by considering all the terms of the tenancy and the potential profitability of the business. Once agreed, your rent, including VAT, will be paid weekly in advance by Direct Debit. The rent will be adjusted each year in line with movements in the Retail Price Index (RPI) but in the event of very high inflation we will cap the annual increase at 6%. We will also always increase the rent by a minimum of 2% each year even if inflation is lower When the tenancy starts, we will need a cash deposit from you to cover any unforeseen costs along the way. It's equivalent to 3 months' rent, we'll add interest over the years and if all's well at the end of the tenancy we will return to you. We might also ask for further money to obtain credit on trading terms. All rates and other bills including utilities will be down to you and you'll have to notify all suppliers of the tenancy change to avoid any confusion.What can I use the property for?The property must be used as a fully licensed public house, which means its main business is selling alcoholic and non-alcoholic drinks. You can also sell food to support the main business offer and, so long as your licence permits it, you can also offer takeaway services for drink and food.What insurance will I need?&nbsp;You will be required to arrange insurance cover for contents including trade inventory, stock, all fixed glass, the premises licence, and employer's liability. You must also insure against third party and public liability, loss caused by interruption to the business and any loss of money. It sounds daunting but there's lots of help and advice out there – just ask and we'll point you in the right direction.What products can I buy out of tie?You can choose to be free of tie on some of the drink categories in exchange for payment of an annual fee for each category of drinks. These include conditioned wines, spirts, minerals and flavoured alcoholic beverages for example. If you do this, it will stay in force through the whole tenancy. Any tie release fees will be fixed at an agreed amount and reviewed each year in line with the Retail Price Index (RPI) and subject to the same minimum and maximum limits that apply to rent. This will be paid alongside your weekly rent. In the event that we, or any other landlord, exercise the unilateral tie release clause in the agreement the entire purchasing obligation will fall away you would have the ability to purchase all drinks on the open market in exchange for paying the agreed Full Tie Release Fee.What about drinks discounts?The drinks price list and any discount structure will be agreed from the start and will continue throughout the term. We may update prices, discounts, and products from time to time. We'll take payment for tied products on the rent day in the week following your delivery by way of Direct Debit. To make ordering easier, less costly, and more efficient, we will ask you to place stock orders with us online and be invoiced to reflect this.Can I use gaming machines?These are often referred to as fruit machines, amusement machines, jukeboxes, pool tables and the like. So long as you obtain the necessary permits (and your machine supplier can usually help you with this) you will be able to operate such machines under the terms of your tenancy without the need to enter into any agreements with us and you will be able to retain all the machine income after the payment of supplier rent and duty – you are free to negotiate terms with a supplier of your choosing.Do you use any monitoring equipment?Yes. We use a system to monitor draught products and to keep this equipment working well, we just ask that you allow us or the experts' access to the premises to install, inspect and maintain Flow Monitoring Equipment.What about Fixtures and Fittings?&nbsp;Once we have agreed a valuation of the items included in what's called the 'loose trade inventory' you will have to repair and replace these items as necessary during the tenancy. If you own the inventory, then we may purchase it at valuation during or at the end of the term and offset the value against any money you may owe but you can't sell or charge the inventory to any third party. We will own Landlord's fixtures and fittings throughout the term.Can I leave before the end of the 5-year period?Yes, you'll be able to end the agreement during the first 6 months of the term, for any reason by giving us 6 months' notice. After this period there is no further option to break for either party for the remainder of the contractual term.Can Stonegate Pub Partners terminate the tenancy?No, we want to provide you with the certainty of a longer agreement so the only basis on which we would seek to terminate the agreement would be if you were in breach of the terms of your tenancy. We will only include a landlord clause by exception.Please can you explain my repairing obligations?We are responsible for all repairs to the exterior, structure, and services. If you notify us as soon as you are aware of any required repairs, we'll get it sorted as soon as possible so that we can both avoid further damage. You will be responsible for all other repairs and day to day maintenance. This includes things like drains, pipes, toilets etc. You'll also need to keep all car parks, access ways, gardens, play areas, landscaping, or other areas safe for the public to access, well maintained, clean, tidy and weed free. You'll also need to maintain and repair the interior and the fixtures and fittings. To keep the pub looking attractive, we'll agree the timings for you to redecorate the interior of the property. This will need to be done as often as needed and we might ask you to do this in the last 6 months of the term. We will redecorate the exterior as often as necessary to keep it looking attractive and welcoming. To help spread the cost, we'll ask you to pay an agreed amount per week to be put towards your decorating 'fund'. If you leave, and the premises are in a good state of decoration and all other accounts are up to date then we'll pay the balance of this fund to you. It's worth knowing that for your bigger plans you won't be able to carry out any structural alterations, but you may carry out non-structural alterations with our OK. It's worth bearing in mind we may ask that these alterations are reinstated at the end of the term. To keep you and the property in a safe condition, we will deal with compliance testing for health &amp; safety, lifting equipment and gas &amp; electrical safety. To cover the cost, we'll ask you to pay a service charge, paid weekly in addition to your rent. You'll pay a service charge for the cellar cooling maintenance and for the heating system maintenance and it means it's all taken care of.Will you need to see my accounts and stock reports?To make sure that you're keeping the business running well we'll ask you to use and pay for appropriate third-party accounting and stocktaking services from properly qualified suppliers. We might ask to see copies of any documentation that they prepare for you to make sure everything being run well and so that we can advise and help if you need it. We may also ask to see copies of your VAT returns &amp; annual accounts from time to time.What training do you offer?We have a 2-day induction for anyone that takes on one of our pubs, focusing on areas such as: Finance, Marketing &amp; Social media, Quality in drinks and cellar standards to name only a few. Our learning &amp; development team have developed a suite of e-learning modules, videos and pub principles guides to help you through the lettings process, preparing for the day you take over your pub and beyond. These can all be accessed via PC, laptop, or mobile device at a time to suit you.

We are now looking for an experienced operator who is ready to take on this iconic establishment

Nell Of Old Drury Strand London

The Nell of Old Drury is a cosy pub opposite the Theatre Royal in Drury Lane.

A traditional pub with a bustiling vibrant offering across the week.

About the Pub

Key Features

Business & Financial Information

Ideal Operator

Regional Manager's Thoughts

Surrounding Area

FAQs

Other Pub Opportunities Nearby