Self-Employed Pub Business Partner

Marquess of Exeter
Pillar Agreement


The Marquess of Exeter is a large village pub restaurant with letting bedrooms, set in the heart of the East Midlands in the beautiful Rutland village of Lyddington. The Marquess of Exeter is situated close to Rutland Water, and the counties of Leicestershire, Northamptonshire and Lincolnshire. Rutland truly is an undiscovered gem; with its rolling hills and stunning scenery. 

The venue has a great reputation for quality food and drink in the local area and diners can choose to have a relaxed meal in the cosy bar or snug areas and there is also a more formal restaurant area with a total of 60 covers. The Marquess of Exeter can also lend itself to be able to transform the lounge and bar area to cater for more formal functions such as weddings, events and corporate functions and the cosy snug area is a perfect place for smaller parties.

The site has the added benefit of 15 tastefully decorated bedrooms, appealing to customers for both business use and the local tourist trade.

We are looking for an operator with quality fresh food experience along with hotel experience to be able to promote and manage this beautiful venue.
Key selling points for this site:
Beautiful village location
Thatched character property
Situated close to Rutland Water, and the counties of Leicestershire, Northamptonshire and Lincolnshire
15 letting bedrooms

The Opportunity

You can have the best of both worlds with our new and exciting Pillar Agreement.  Support is key for this turnover-share agreement which shares the risk and the opportunities between both parties, creating a partnership and focus to give your guests a first-class experience. We share the net sales and some of the cost base – building a deal that gives both parties a solid base to build and grow a profitable business.

• The option to leave your old life behind and be your own boss
• Live rent-free in the pub
• Marston’s will pay your utilities for you – lighting, heating and water
• Between us we will agree the wet product range to support your food offer. 
• You retain an agreed percentage of all income streams (net of VAT) and have full control over your food offer and accommodation (where applicable)
• Low ingoing costs
• Marston’s will take responsibility for all repairs and decoration both internal and external, (except the private residential accommodation).
• No service charge applies to this agreement
• Have your Broadband, cutting-edge EPOS system and online booking tools (where appropriate) supplied by Marston’s 
• Fixtures and fittings would be owned by Marston’s
• Keep 50% of the profits from any gaming machines
• Offer the award-winning range of fantastic Marston’s beers, wines, spirits and minerals
• Have your drinks stock supplied and paid for by Marston’s
• Expert induction training plus on-going training and support from your dedicated Business Development Manager and support teams

Things to consider
You’ll need to put in a £5k deposit, plus legal fees and monies to cover your insuring obligations under the agreement (except building insurance, which we’ll pay for and recharge to you). Also, you’ll want to start thinking about your team; taking care of paying them and all other employment matters. We’re on-hand to offer guidance as you plan your business overheads, like business rates (and your own residential Council Tax). 

Before we all sign the agreement and see you heading into a whole new life, you will need to show us proof that you have taken independent financial advice from a suitably qualified accountant on your business plan and professional advice from a solicitor, in accordance with the requirements of the Pubs Code Regulations. And, of course, obtain your personal licence (which we’ll help with) and complete your induction training.

This is a five-year commitment, so you have plenty of time to build a successful business.  However, if you do want to leave early, there is a break option in the agreement which entitles you to give six months’ notice to terminate.