Major Oak Arnold

Rolleston Dr, Arnold, Nottingham, NG5 7JA

  • Major Oak Arnold
  • Major Oak Arnold
  • Major Oak Arnold
  • Major Oak Arnold
  • Major Oak Arnold
  • Major Oak Arnold

Major Oak Arnold

Coming Soon!

Extensive Refurbishment Planned
- A major refurbishment will transform the Major Oak into a bright and welcoming pub for the whole community to enjoy. The pub will maintain it's two-room offer, with a lively bar for live sports and casual drinking, as well as a family-friendly dining area that will give the pub a year-round appeal. An exciting new food menu supported by an expanded kitchen and a premium drinks offer will also create a quality offering in a welcoming local pub setting.

Great Location - The Major Oak is in a residential area, located in the bustling suburb of Arnold, Nottingham. Surrounded by a mix of housing, shops and local businesses, there are over 1500 adults per pub in the area looking for a quality venue to drink and dine in. Additionally, the proposed plans will bolster the Major Oak's reputation as the go-to pub in the area, providing the incoming lessee with a large and lucrative customer base.

Competitive Set- A wide variety of premium drinks including beer, cider, coffee and soft drinks will establish the Major Oak as the premium pub in the local area. Custom will be enticed at lunchtime with great food and drink offers, and after work drinkers for Sky Sports and catching up with friends. Meanwhile, the refurbishment works, including a children's play area, attractive dining area and busy locals sports bar, will see the pub become a welcoming and versatile venue for the entire community.

Target customers

The newly refurbished Major Oak will appeal to a broad range of customers in the local area, establishing itself as a community hub. Potential customers include:
  • Local residents and office workers.
  • Older friends and couples looking for a quality lunchtime meal.
  • Groups of friends looking for local entertainment such as quiz nights or live sports.
  • Local couples and friends wanting to enjoy a casual drink or a relaxed bite to eat.
  • Families with children looking for a mid-week or weekend treat.
Offer

Post-refurbishment, the Major Oak will be transformed into a modern, vibrant and welcoming pub, offering:
  • An attractive, versatile venue in the local residential area.
  • A fully renovated beer garden and outdoor area to be enjoyed by the whole community in the warmer months.
  • A premium coffee offer throughout the day.
  • A great drinks selection including quality ales, beers, ciders, wines and spirits.
  • Live sports, pool and darts.

Pub Features

  • Rolling Tenancy
  • Live Sports
  • Outdoor Trade
  • Pub Games
  • Childrens Play Area

Trading Area & Facilities

The Major Oak will undergo a significant refurbishment both internally and externally. The bar servery will be completely restructured and redecorated in line with the welcoming and lively look and feel of the pub. The pub will retain its two-room trading area, with the room to the rear more focused towards sports and casual drinking. Live sports, pool and darts will create an energetic space, perfect for local drinkers to socialise in. The trade area along the front of the pub will be updated in line with the overall look and feel of the venue. It will be a versatile space, yet designed to cater to customers looking to enjoy the new food offer in warm surroundings. The existing kitchen will be fully refurbished and expanded with a flat roof extension at the rear in order to facilitate an exciting new food menu. Brand-new appliances and equipment will be installed where appropriate and laid out to improve efficiency and maximise output.

The beer garden will be refreshed to create welcoming space for the whole community to enjoy. Fixed picnic benches, festoon lighting and tasteful decoration will increase covers during the warmer months, whilst the new children's play area will add massive kerb appeal. Works will include:
  • Constructing a new smoking area, with planters to the front to distinguish and soften the structure.
  • Decorating the area with festoon lighting to create a warm, welcoming space for customers to socialise.
  • Adding new fixed picnic benches, increasing covers in the warmer months.
  • Adding new trough planting to break-up and soften the space.
  • Constructing a brand-new children's play area, with wooden climbing frames and a wet pour surface.
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 & Bars, 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

The private accommodation consists of three bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

For full licensing details, please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 12:30 - 00:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
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Estimated Annual Barrelage
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“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased