Foundation Agreement - Coach & Horses

Company: Marstons
Location: Worcester, Worcestershire
Job Ref.: 5684
Job Title: Foundation Agreement
Hours: Part time
Salary: Available on request
Date Posted: June 17, 2019
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The Coach & Horses is a traditional terraced pub situated in the affluent area of Upper Tything in Worcestershire.  The pub is well presented and has a roadside location on one of the main roads running into this historic city.  Entering the pub takes you into a front bar with seating that naturally continues round to a lounge/dining area to the rear with a centrally located bar.   At the rear is a separate room that is currently utilised as an over flow / function room.   Outside there is a courtyard.
 
Our foundation partner’s income is based on a percentage of the weekly sales - in this case 30%. Under a foundation agreement though, you have the flexibility to introduce your own food offer, and retain 100% of all food sales.
 
  • Self-employed opportunity
  • Five year, rent free agreement
  • Take home 30% of total net weekly turnover on wet sales and retain 100% of all food sales of your own food offer
  • Retain 50% profit of gaming machine income
  • Fully tied to Marston’s for all beers, wines, spirits and minerals however, all wet stock is supplied and paid for by Marston's
  • Marston’s also pay for heating and lighting
  • Induction training together with an extensive and on-going training and support package is provided with a dedicated business development manager to help you develop your business

Foundation partners are responsible for:

  • Employing all staff, and you are responsible for staff costs and employments matters
  • Business Rates
  • Council Tax on private residential accommodation and all insurance costs (excluding building insurance)
  • £5,000 security deposit + £360 legal fees apply (including VAT)
  • Obtaining proof of independent professional advice from a qualified accountant and a qualified solicitor at their own cost before entering into a full partnership agreement
  • Obtaining a Personal License
  • An annual service charge, internal repairs and decoration and a decorating fund
  • Completing Pre-Entry Awareness Training
  • The financials

 

We are looking for an experienced operator with a passion for cask ale, who will be able to network within a town centre market place.
 
Did you know?

Marston’s has a wide range of opportunities for a wide range of people, but one thing’s for sure, our passion for pubs is at the heart of all we do. We’ve got 183 years of experience in brewing beer and running a range of successful pubs throughout the UK, so you could say we’ve got a pretty good track record!