Run a Star Pub - Whitemoor Bobbersmill - Nottingham

Star Pubs Leased & Tenancy; Nottingham; On-site; GBP 11,000 - 50,000; Full time

Job description

Pub Overview

Recently Refurbished Community Local

The recent refurbishment has transformed the pub into the go-to place for a relaxing drink or tasty meal all served in a stylish, welcoming environment.

The area

The Whitemoor is a well-located suburban pub on a major road which links Nottingham city centre to the M1 motorway. Passing traffic is extremely high particularly at peak times meaning a consistently high passing footfall. The pub is surrounded by mixed housing and commercial businesses.

The pub benefits from being one of 3 pubs with a mature demographic of over 3,500 adults and a notable over-index in residents aged 45+.

The offer

Available on our foundation tenancy agreement. The potential of this pub lies in developing a competitive 90/10 wet led, food & drink offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live entertainment, live sports and a selection of pub games, such as pool and darts. It offers a selection of popular beers, ciders, wines and spirits and a food offer to suit the local community.

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 community led hospitality business. They will have a clear vision for their food & drinks menu, sports offer, 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

• Foundation Tenancy
• Catering Kitchen
• Function Room
• Outdoor Trade
• Car Park
• Private Accommodation

Trading Area & Facilities

• 3 zoned areas - sports bar, casual drinking & dining space and separate dining room
• 74 internal covers
• 125 external covers
• Large catering kitchen
• Function room
• Smart Dispense
• Extensive outside front and rear beer terraces, with tv screen to the rear
• Car park with 30 spaces

Private Accommodation

Private accommodation consists of 2 double bedrooms, lounge, kitchen & bathroom.

Pub Financials

Estimated Total Ingoing Costs: £49,978

Estimated Minimum Ingoing Costs: £11,326

Annual Rent: £21,911

Estimated Annual Turnover: £364,367

Deposit: £5,478

Estimated Fixtures & Fittings Value: £35,000

Estimated Stock Valuation: £6,000

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 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report
• Energy Performance Certificate