Dog & Quayle Underwood
Dog & Quayle Underwood
Mansfield Rd, Underwood, NG16 5FF Pub Code: 0050367101
Pub Code: 0050367101
Investment TenancyEst. Annual Turnover: £412,709
Annual Rent: £25,010
A refurbishment is planned to spend in the region of £225,000 to transform Dog & Quayle into a premium local pub with a stronger food offer, refreshed trading spaces and improved kerb appeal. What would you do with this pub to make it a success?
The investment will reposition the pub as a more appealing destination for local residents, casual diners, families and after-work socialisers, while creating a long-term pub offer that better serves the Underwood community.
The area
Dog & Quayle is located in the suburb of Underwood, close to the M1, giving it strong accessibility for local residents and passing trade. Around 2,000 adults live within a 20-minute walk of the pub, creating a solid local market to build from.
The wider area has a small but established pub scene, with five competitors noted within roughly a 15-minute drive. The opportunity for Dog & Quayle is to stand out as a more premium, better presented local pub with a competitive social area, refreshed dining space and a food offer that moves beyond the carvery-led trading of the past.
The pub has been closed and previously relied on a basic carvery offer with limited volume and few destination visits. Following refurbishment, the new look and improved offer will help broaden its appeal, attracting families, casual diners, younger professionals and customers looking for after-work socialising.
The offer
Dog & Quayle is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the Refurbishment Details section for details of the investment being made.
Who we're looking for
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 Dog & Quayle will have extensive experience in food-focused hospitality businesses. They will have a clear vision for the plated food offer, drinks range, competitive socialising area, entertainment and marketing strategy, 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
The refurbishment of Dog & Quayle will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- Separate games and sports zone
- 94 internal covers
- 16 external covers
- Refitted catering kitchen with a new full custom kitchen
- HEINEKEN SmartDispense
- Private accommodation comprising a three-bedroom self-contained flat with living room, kitchen and bathroom
- Car park with 30 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 3 bedrooms, lounge, kitchen, and bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£52,253
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.
What we're planning & why
What's happening?
The refurbishment will transform Dog & Quayle into a more premium local pub, with refreshed interiors, a new dining space, upgraded gaming and entertainment area, improved external signage and stronger roadside appeal. A new full custom kitchen will support a plated food offer that moves the pub beyond its previous carvery-led trade, while the competitive socialising area and 16 external covers create more reasons for customers to visit, stay longer and return throughout the week. The right licensee will bring ideas across food, drink, entertainment and local marketing.
Why invest?
This investment is designed to rebuild the pub’s role in the local community, modernise its trading spaces and create a premium local offer that better meets customer expectations. The refurbishment is anticipated to increase turnover by creating stronger reasons to visit, including improved dining, better entertainment facilities, upgraded kerb appeal and a more competitive customer experience.
Turnover is expected to increase from a closed position to a projected £8,000 net per week, equivalent to £412,709 annually.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
The Railway, Nantwich has recently undergone a similar transformation to what we are planning for Dog & Quayle.
Location:
Mansfield Rd, Underwood, NG16 5FF
Selected pub
Other pubs
Nearby events
To 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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