Foundation Agreement Dial Hotel Mansfield

Company: Marstons
Location: Mansfield, Nottinghamshire
Job Ref.: 7282
Job Title: Foundation Agreement
Hours: Part time
Salary: Available on request
Date Posted: November 13, 2019
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The Dial Inn is a cosy pub that is situated in the heart of Mansfield Town Centre and benefits from the regular custom of the locals. It is very much a Wet led bar and is going to benefit from a major refurbishment in the New Year and will move from a Tenancy Agreement to our Foundation Agreement which will benefit an individual town centre operator.
 
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

 

A Town Centre operator who can focus on driving sales and keeping high standards 
 
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!