Run a Star Pub - Crafty Teller Nottingham - Nottingham

Star Pubs Leased & Tenancy; Nottingham; On-site; GBP 12,000 - 40,000; Full time

Job description

Pub Overview

Attractive New Deal - BDM support with 50% rent in year one. Along with the possibility of some free of tie on cask and craft lines, available via negotiation.

Premium pub offer with a great reputation!

The area

The Crafty teller is located in the town of Sherwood, close to Nottingham. The pub is surrounded by shops, food and retail outlets and mixed housing.

The pub benefits from being one of 9 pubs found in an area of around 7,457 adults. The varied demographics is made up of professionals, families and students.

The offer

Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a well thought through 70wet/30 dry, food & drink offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via the food offer and some live entertainment. It offers a pub classic menu with specials, changing with the seasons and is well known for its Sunday Roasts. It has a range of cask ales, craft beers, good coffee & cakes.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

• New Deal
• Foundation Tenancy
• Cask Ale
• Private Accommodation

Trading Area & Facilities

• Main trading area with bar
• 62 internal covers
• Medium-sized, well equipped kitchen with additional storage and prep area on the 1st floor
• Smart Dispense
• Booth seating for romantic, family celebrations or business meetings

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom spread over two floors. Where required, there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Pub Financials

Estimated Total Ingoing Costs: £39,195

Estimated Minimum Ingoing Costs: £12,065

Annual Rent: £18,780

Estimated Annual Turnover: £268,823

Deposit: £4,695

Estimated Fixtures & Fittings Value: £24,000

Estimated Stock Valuation: £7,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalized at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build-up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' rent will be required for operators trading under a Limited Company with no Guarantors.

Downloads

• Demographics Report Download
• Energy Performance Certificate Download