Star Pubs Leased & Tenancy
Location
Nottingham | United Kingdom
Job description
Pub Overview
The area Located on the main street in Lambley Village, Nottingham, the Lambley is a fantastic destination pub.
Demographics The pub benefits from being one of 3 pubs found in an area of around 656 adults. The customer base is made up of predominantly retired village locals.
The offer Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in a good homecooked food offer, with a diverse range of drinks and cask ales. The pub should have a busy calendar of entertainment and community events.
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 similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy 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 - Catering Kitchen
- Foundation Tenancy
- Car Park
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities - Main trading area with bar
- Separate dining room
- 45+ internal covers
- Catering kitchen
- Function room
- SmartDispense
- Beer garden
- Large Car park
Private Accommodation This pub has private accommodation on site.
Pub Financials Annual Rent £
35,109
Estimated Annual Turnover £
583,310
Deposit £
8,777
Estimated Fixtures & Fittings Value £
31,700
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
53,977
Estimated Minimum Ingoing Costs £
16,425
The above figures are provided as a guide only and will be finalised 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 finalised 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.
Job tags
Salary
