Park Tavern Basford
98 Arnold Rd, Basford, Nottingham, NG6 0DZAgreement Type: Foundation Tenancy
View details for Park Tavern BasfordNew Deal
Crafty Teller Nottingham
532/534, Mansfield Road, Nottingham, NG5 2FR
Pub Code: 0091842101
Key Features
- Attractive New Deal
- Busy Main Street Location
- Great Food & Drink Offer
- Craft & Cask Ales
- Private Accommodation
Est Min Ingoing Costs: £12,065
Annual Rent: £18,780
More Information
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!
What would you do with this pub to make it even more of a success?
The area
The Crafty teller is located in the town of Sherwood, close to Nottingham. The pub is surrounded by shops, food and retails 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. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought through 70wet/30 dry, food & drinks 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, and 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…
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 1 bedroom, 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.
| 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 |
| Estimated Total Ingoing Costs | £ 39,195 |
| Estimated Minimum Ingoing Costs | £ 12,065 |
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.
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.
Location:
532/534, Mansfield Road, Nottingham, NG5 2FR
More properties in this region
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View details for Whitemoor Bobbersmill
Royal Children Nottingham
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View details for Royal Children NottinghamTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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