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RegisterRefurbishment Planned
Manvers Arms Radcliffe On Trent
Main Rd, Radcliffe On Trent, NG12 2AA
Pub Code: 0091529101
Key Features
- Extensive Refurbishment Planned
- Outdoor Trading
- Pub Games
- Car Park
Est Min Ingoing Costs: £53,398
Annual Rent: £43,784
More Information
Exciting Opportunity!
The Manvers Arms occupies an enviable position on the main road in Radcliffe on Trent. The refurbishment will allow the lessee to capitalise on the 6,100 affluent professionals living within one mile, looking for a great local bar with a strong food and drink offer. On top of this, local attractions including the National Water Sports Centre, Trent Bridge Cricket Ground and nearby golf courses will attract significant visiting custom.
Post-refurbishment, The Manvers Arms has the potential to become a booming community pub with something for everyone. The lively bar, updated lounge, and new patio and pergola, will provide a space for locals to unwind and drink with friends. An improved coffee and lunch offer, outdoor children’s play equipment and space for acoustic musicians in the evening will allow the incoming lessee to capitalise on trade at all points of the day.
The Manvers Arms occupies an enviable position on the main road in Radcliffe on Trent. The refurbishment will allow the lessee to capitalise on the 6,100 affluent professionals living within one mile, looking for a great local bar with a strong food and drink offer. On top of this, local attractions including the National Water Sports Centre, Trent Bridge Cricket Ground and nearby golf courses will attract significant visiting custom.
Post-refurbishment, The Manvers Arms has the potential to become a booming community pub with something for everyone. The lively bar, updated lounge, and new patio and pergola, will provide a space for locals to unwind and drink with friends. An improved coffee and lunch offer, outdoor children’s play equipment and space for acoustic musicians in the evening will allow the incoming lessee to capitalise on trade at all points of the day.
Passionate, Innovative Community Operator Wanted
The future of the site is to promote a strong food & drink offer, engage with the locals to become a booming community pub with something for everyone.
This a fantastic opportunity to take on a pub business that’s ready for refurbishment and growth. This project will significantly enhance the business’ potential and we would like to see you bring your own ideas and flair to make the most of this great opportunity.
The future of the site is to promote a strong food & drink offer, engage with the locals to become a booming community pub with something for everyone.
This a fantastic opportunity to take on a pub business that’s ready for refurbishment and growth. This project will significantly enhance the business’ potential and we would like to see you bring your own ideas and flair to make the most of this great opportunity.
Trading Area & Facilities
Internally The bar area will be completely refurbished and redecorated with a mix of traditional and trendy finishes, with some of the existing furniture upcycled for added effect. This will create a fantastic space for local customers to enjoy casual drinking with friends and family. The bar servery will be refurbished in line with the pub’s modern rustic charm. The dining area will be fully refurbished with premium and eye-catching new features, creating a light, airy space perfect for any occasion.
Externally the outdoor terrace will be enhanced to create an attractive area for customers to enjoy drinks and food long into the autumn months and relax in the beautiful surroundings.
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)
Externally the outdoor terrace will be enhanced to create an attractive area for customers to enjoy drinks and food long into the autumn months and relax in the beautiful surroundings.
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
Private Accommodation will consist of bedrooms, lounge, kitchen & bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Premises Licence Details
Please refer to the Premises Licence for full details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:30 - 00:00 |
10:30 - 00:00 |
10:30 - 00:00 |
10:30 - 00:00 |
10:30 - 00:00 |
10:30 - 00:00 |
12:00 - 23:00 |
| Annual Rent | £ 43,784 |
| Estimated Tenants Annual Operating Profit | £ 45,783 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 520,074 |
| Estimated Annual Barrelage | 277 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 32,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 8,000 |
| Deposit Amount | £ 10,946 |
| Rent in Advance | £ 842 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 53,398 |
| Estimated Minimum Ingoing Costs | £ 53,398 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,059 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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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